This site was created to register our dissatisfaction with the advanced training Cash Flow Edu. Other names for the company include Response Marketing and Pathway Events. There is a lack of reviews of these companies online so hopefully this site will provide information for others thinking of purchasing real estate training from them.
Who we are
We are a group from Victoria, BC, Canada that attended a Cash Flow Edu course, “Boots on the Ground”, held August 4-6, 2016. We consist of five couples and a single (the entire class).
Background
We attended a free seminar promoted by Bryan Baeumler and put on by Pathway Events at which we purchased a $1000 real estate investment workshop. At the 3 day workshop there were provided the opportunity to purchase advanced training packages. We purchased the “Diamond Elite” package costing $25,000 USD.
The “Diamond Elite” package included a hands on learning course called “Boots on the Ground” (which we attended as a group), access to a website called “Deal Desk” (supposed to provide cash buyers among other things), access to attend an “Expo” (for buying real estate and other investments), as well as other various training videos and texts.
What we are upset about
In particular, we have the following complaints regarding the “Diamond Elite” package:
No practical / reliable way to find wholesale deals. The Boots On the Ground course focused on wholesaling in the USA. (For the non-real estate investors out there, wholesaling is when you get a property for at a very reduced price and then sell it at roughly 80% of it’s value to other investors.) As our workshop instructor told us in his course, trying to negotiate deals with motivated sellers in the USA remotely is difficult and that REOs (bank owned properties) would be the most viable source; however, the instructor also mentioned that there was an emerging trend for banks not to sell individual REOs and instead sell sheets of REOs to large purchasers. The approach offered in the Boots training was to ask realtors to find deals matching cash buyers’ criteria. Several of us quickly discovered that this was not a viable way to find good deals, which is not surprising given workshop instructor’s assessment of the market.
No deals to be had on buy.incomepropertyusa.com. One of the reasons many of us signed up for the advanced training was to obtain access to the buy.incomepropertyusa.com site and the turnkey properties listed there (whether to buy ourselves or to wholesale). Our expectation was that there would be good deals for students on this site. Once gaining access to this site we found this was not the case. In some instances, properties listed on buy.incomepropertyusa.com were also publicly listed for sale– at significantly lower prices than on buy.incomepropertyusa.com. As well, many properties listed on buy.incomepropertyusa.com were located in very high crime areas.
No practical way to utilize the cash buyer lists in Deal Desk. The Deal Desk cash buyer lists lack useful contact information such as email addresses or phone numbers. Our Boots On the Ground instructor advised us not to send mail to cash buyers’ addresses as most people find this annoying. Instead it was suggested that we try to get useful contact information by sending lists of cash buyers to title companies. Some of us tried this approach (contacting many title companies) and found that none had the contact information and, in one case, was told that it was not public record and that it was protected by privacy law.
Many of the options promoted to us are not available, or are very labour intensive to Canadians, which is not how it was portrayed.
We feel the Expo, which some of us attended (some Utah, some Las Vegas) was not worth going to. While many of the vendors had great presentations and offerings, little of it was applicable or even legally available to Canadian investors.
At the Boots on the Ground training, we were told Trust Deeds were to have a 12% rate of return, however at the Expo we were told they were capped at 9%.
Many of us took a financial risk, believing that along with our own hard work, we were purchasing the products and tools required to succeed in Real Estate Investing, however despite many hours of work by each of us, this has not proved viable. We feel that we have been taken advantage of and that this program is very misleading.
Cash Flow Edu Review 