Posted by John J. on April 12, 1999 at 24:15:32:
Brian and Therese,
If you sign up only consider the value of the training. Don’t sign up with the idea of making money from selling notes to them. If they do then that will be additional benefits.
I don’t know if they run the same scheme as Nationwide. Nationwide delivers a 300 page booklet for $500 and a promise to partner with you in buying properties - which apparently they never do. Some recent posts claim vaguely to have had some properties accepted by Nationwide, but it is my belief that they were posted by Nationwide management/employees under various aliases.
Any reputable company will give you references in your home town or state. Ask Diversified for some. Nationwide would not give me a single one when I was interested in their program last year and called them.
The following was recently posted on another message board. You might find it useful in making a decision about Diversified Resources.
Posted by tina (Z458@aol.com) on March 31, 1999 at 15:13:43:
In Reply to: Nation Wide Real Estate Discounters Corporation posted by Donell on February 17, 1999 at 20:45:22:
97 Nationwide Real-Estate Discounters $510
Starts with a nice mail piece from a Stuart Anderson. I called, and it sounded, and read, like I was going to be a locator of distressed real estate, turn it over to them, they would buy it, repair it, and split the profits with me. Their “procedures manual” would cost me $495 (+ $15 shipping) via credit card, but I would get the $495 back as soon as I gave them my first property. Sounded simple. I got the book: a binder, one sided printing, 9 sections plus a glossary, and material I could get from Crown Books for a fraction of the cost. Except for section 8! This laid the ground rules for submitting a property to NRD. Not only did I have to get the price set to their specifications (with a willing seller), I have to get the construction estimates, fill out tons of paperwork, and actually be the buyer of the property myself. None of this is spelled out in the sales brochure, not detailed by them at the first call. So, when I called again and asked for my personal “advisor” from the first call, I got another person “Brandan is busy. I’ll help you.” Then we talked and I heard the miracle words: “Yes, you have to do all the work, but we didn’t say in the brochure that you wouldn’t have to do all the work either.” The book was delivered by UPS, so that leaves out mail fraud! Chalk it up to a $510 (plus phone calls as they don’t have an 800 number) lesson!