Posted by rrys on September 11, 2002 at 22:24:15:
Lots of interesting opinions of Ted Thomas. I would like some input on the foreclosure business. Is it all a bunch of hype or is it for real? I was considering taking the Ted Thomas course. Any recommendations on others whose material is more worth while.
Ted Thomas - Posted by Art
Posted by Art on March 31, 2002 at 12:04:50:
Has anybody had any success with Ted Thomas’s foreclosure
program. I have never heard of him before, but I received
an email about his foreclosure course. If somebody has
any info to share please let me know. Thanks. Art
Re: Ted Thomas - Posted by Tim Conde
Posted by Tim Conde on April 05, 2002 at 17:34:08:
Last I saw Ted, he was running information marketing seminars in Las Vegas. He is not a “real estate guy”. He is an “information marketing guy” who just looks for information to sell to people, usually at very high prices. He did have some personal experiences doing real estate stuff but it was used to make himself look credible to real estate people.
Tim
Run like the wind… - Posted by MatthewC
Posted by MatthewC on April 04, 2002 at 24:55:36:
… this guy is bad news, not to mention bad material if his Tax Liens Course was any indication.
Re: Ted Thomas - Posted by Ronald * Starr(in No CA)
Posted by Ronald * Starr(in No CA) on April 01, 2002 at 21:24:42:
Art-----------
Ted Thomas bought the book I wrote with John Beck on foreclosure buying in CA. He applied what he learned there. We had a couple of paragraphs about doing direct mail marketing to property owners in default. He used good direct marketing techniques and set up a program of buying houses from people facing foreclosure. He then resold the properties for a $5K fee to investors.
He did well and his buyers were typically happy. Then the mid-90s real estate bust in CA occurred because we were suffering the worse economic times since the great depression of the 1930s. Property values were falling, it was hard to buy properties for less than they could be resold for.
Ted dropped out of the pre-foreclosure buying market and started some other things, including, apparently selling some materials on tax sales investing. I have not seen his tax-sales investing materials. I have seen his infomercial for the materials, about two or three years ago now. It was misleading and I did not like it.
Ted wrote a book on foreclosure investing which was mediocre. I don’t know if that is still available or not.
Good InvestingRon Starr
Re: Ted Thomas - Posted by trel
Posted by trel on April 01, 2002 at 10:58:30:
I’d avoid him if I were you.
His long-time phone number has been disconnected,
(from what I’ve heard)… his teleconferencing program
is a joke… and from my personal experience with him,
I can’t state categorically… he’s not a nice guy.
He’s a rip-off, in fact.
Just my experience and opinions.
trel
Re: Ted Thomas - Posted by Marcos
Posted by Marcos on April 01, 2002 at 19:11:56:
I’d have to second that. The material I saw from him was pretty crummy, and WAY overpriced.
Marcos
Re: Ted Thomas - Posted by Ron
Posted by Ron on April 01, 2002 at 17:46:10:
Doesnt he also sell this course on buying tax liens
Re: Ted Thomas - Posted by trel
Posted by trel on April 01, 2002 at 19:10:07:
Yes he does.
The copy he gave me was pretty “cheezy”… even by
his standards.
trel
Re: Ted Thomas - Posted by mungsurf
Posted by mungsurf on April 05, 2002 at 16:56:35:
My husband works for Ted Thomas selling tax liens and deed information. So far the info has been wonderful. In fact, my husband is working there so he can learn and we want to be investors in real estate. His course is expensive, depending on what package you purchase. But the information has been wonderful for my husband and I. I sure would like to know more info as to WHY you guys don’t like him instead of just saying so. Why?? Give me some reasons why and what wasn’t available, if the guy is mean, so what, he teaching.Are you mean? He’s doing something right b/c he is selling a lot of information. I’d like you’all to back it up for my own sake since my husband is working there. Thanks
Re: Ted Thomas - Posted by trel
Posted by trel on April 06, 2002 at 12:46:58:
Look through the archives of this and other boards.
I’ve stated my position before.
Ted Thomas is a thief. Ted Thomas is a liar. Ted
Thomas’ material… in my expert opinion… is over-
hyped and over-priced.
I have first hand knowledge of his unprofessional
behavior/dealings with other top industrial
professionals. Not one of these top industrial pros
can report good experiences with him… further, that
Thomas has threatened (if not pursued) law suits
against several of them. Is that how he earns a living?
I have a copy of “his” tax lien course. He gave it to
me. I would be embarassed to publish it, and to ask
that kind of money for such cheap publications. I’m
not even convinced that it contains his original
research.
Tim Conde is correct. Lots of marketing hype.
He tried to get me involved in his teleconferencing
program. Promised to deliver tons of information for
another over-hyped, over-priced offering. It was
garbage. Waste of the consumer’s money. Sorry I tested
his concept. The second half was nothing but up-sell
pitches for his other services. (That’s not what the
consumer paid for, and I’ve never endorsed this type
of marketing.)
He ripped me off. Stole a product from my office. When
I threatened action against him… he threatened to
sue me.
The man can’t even write a normal letter. Everything
he wrote was in brochure, or sales flyer style with
pictures and MAKE MONEY NOW! garbage imbedded within.
What’s with that?
This guy is a weasel. I think you and your husband
should disassociate yourself with him.
Here’s my advice: Take this post along with the rest
in the string… locate all similar posts using the
search features on this and other boards… print them
all out… give them to your husband… have him put
the printouts on Teddy’s desk… and top it all off
with a ‘sticky note’ from me… reminding that Nazi
Basta’d that I’m not done with him yet!
(Sorry for not being PC… but as one-quarter German,
I feel semi-licensed to use the term)
trel
Re: Ted Thomas - Posted by Thomas J. Lucier
Posted by Thomas J. Lucier on April 06, 2002 at 14:08:25:
Please contact me ASAP regarding “our close personal friend” little Teddy Thomas!
Re: Ted Thomas - Posted by phoenix investor
Posted by phoenix investor on April 12, 2002 at 14:41:32:
It is sad that you people have nothing better to do than viciously slander this guy in a chat room. This is probably a good reason why you are the same people complaining that you don’t do many deals. Try using your time for more constructive things…I am bored with your ignorancce.
Re: Ted Thomas - Posted by mungsurf1
Posted by mungsurf1 on April 06, 2002 at 14:24:29:
I will be waiting for you to respond to my e-mail concerning Ted Thomas. Thank you for your previous resonse to get ahold of you. I’m glad I could finally figure out how to e-mail you!