The Federal Trade Commission has been warning consumers for years about get-rich-quick investment seminars, especially the creative real estate variety you see advertised online and through late night TV infomercials.
Here is one of their classic warnings. The FTC's advice is excellent and virtually no "Make a Million in Real Estate" home study course or seminar offering could pass their official test.
The FTC has just published a new warning, a more visual one that can be printed as a PDF document.
The gurus who sell these investment seminars need to know that a MAJOR law enforcement crackdown in this area is coming. I am in frequent touch with FTC investigators and I cannot wait to announce some new prosecutions on this front.
The bottom line is simple.
NO real estate author, promoter, or guru can promise you a positive result if you buy their products. If you think you are going to get some "magic secrets" on how to achieve real estate success for $495 and buy yourself a lifetime of income and happiness for the price of a seminar ticket you are as DUMB as these seminar promoters think you are.
Robert J. Abalos, Esq.