Re: stephanchik - Posted by Gerard LeBlond
Posted by Gerard LeBlond on October 27, 2000 at 21:57:45:
I too purchased an inexpensive book and video set from John Stephanchik recently (October 2000)only to discover that the “real meat and potato” information needed to do the “deals” could only be acquired by purchasing a $5000 ticket and attending a 3-day Stephanchik workshop.
No thank you.
First of all John Stephanchik did not invent the discounted note business and his “Success Mortgage” firm out of Austen, Texas is really owned by Robert Leonetti and his partner Jayme Kahla. The actual name of the company is Success Investments. Turns out that Stephanchik entered into an agreement with the principals of Success Investments whereby Stephanchik’s “students” (the ones who each shell out $5000) would be supported by Success Investments. Also turns out that many people who are not Stephanchik students can deal with the people at Success Mortgage (aka Success Investments).
When the sales department at Stephanchik’s organization tried to get me to commit myself in handing over $5000 to their organization I told them that I would prefer to raise the cash by actually finding a few mortgages and acting as a go-between with a buyer in the secondary market. The sales people tried passionately to convince me to borrow the funds from my credit card instead. NO CAN DO.
During the passionate discourse there was much yelling and screaming being transmitted over the AT&T lines while the sales reps tried to get the money out of me and I successfully protected my wallet. I am not interested in buying any hyper inflated back-end or up-selling item which may or may not be useful.
I expect that either Greg or Brad, from Stephanchik’s sales department, will try follow-up calls in a couple of days. I wonder why they aren’t out finding paper to discount instead of spending precious time yelling over the phone.
It’s a Jungle out there. Try not to get eaten alive. Cheers.