I am sorry to hear how many people have been ripped off by his company. I went to work for him 8 years ago, and as soon as I realized what was going on, I quit. Just so you know, he screwed me on my taxes being taken from my check, and was just an overall jerk.
Here is what goes on there. He built a company selling" a dream". He laughs at all of you. He talks about his customers like they are morons, that don't realize that they could buy his book for $10.00, and learn all of the same crap he spreads out over many courses, classes, and mentoring programs. The guy is a con artist, who pays enough people off. Very simple. I mean, he was in prison for armed robbery! But he doesn't mention that in his seminar. He talks about working on a hog farm. Bullsh*. He read up on real estate while in prison. He used his father in law's money to get started.
During his seminar, he shows many pictures of example. What YOU don't here, is him laughing over drinks how some of those pictures are of his house when he was a kid, and some are of his friends. Not investments of his. Some of them have even been doctored, such as using a marker to make windows, a roof, grass, etc. I am not making this stuff up folks, I have BEEN with him and the other staff while he talked about this.
This is his game. He gets you hooked with the free seminar. Then his staff is trained on how to string you along buying more. He even shows you how to raise your credit limits so. Why? So then he knows how much you can afford to pay for your next class. While this is going on, he has a staff of kids trained to be "customer service".
Actually, they are trained to discourage and upset you to the point that you give up on trying to get a refund. They get bonuses on how many "saves" they get! They act like the phone went dead, put you on hold forever, are rude, tell you to call back, etc.
The bottom line is this, he is selling cheap and easily obtained info for more money than you can afford. And he doesn't care. He deals in percentages. If 70% keep the crap, he makes alot of money. He knows he gets complaints, he knows he will have returns, but all he cares about are those who are too lazy, or just too discouraged to push for a return. That's it.
He is THE most arrogant a$hole I have ever met personally.
Oh almost forgot about this. He has real estate companies, and a building company set up in a different name. What he does is he gets you to his "camp", and then has the instructor take you out to look at real estate. What YOU don't know, is that he is selling you HIS properties that he is flipping to YOU for a profit! And then you get stuck with some crap house that is a headache, or you can't re-sell. He has his instructor say: "I'll let you in on a little secret. Always do what the rich do.
Well, I'll tell you what Russ is doing, and then take you to the same companies. You can do what RUSS is doing". Hahahaha. Yeah, right. The instructor takes you to HIS building company (Gulfstream Development), and then takes you to look at lots HE owns (Douglas Realty), and talks you into doing an investor/construction loan with HIS mortgage company (United Mortgage) which he acts like is just some well respected mortgage company he likes to use personally.
The "student" is supposed to feel like they are being let in on a big secret, and have an inexpensive opportunity to profit big money like him, doing exactly what he is doing, without him knowing. But actually, you just lined HIS pocket more, and he made money on the lot, home, and mortgage. You end up with an overpriced house, in an underdeveloped area, and get stuck with high construction interest payments when the construction drags on, then might actually lose money when you try to sell it because why? Here's the best part! Because he oversaturated the market with those SAME homes, in the SAME area, all at the SAME time. All built by his students that he acts like he cares about.
I hope this helps some of you, and pardon me if I sounded like I thought this was all so funny. It isn't, and I know alot of you have been hurt. I just can not believe myself that he gets away with this.
God bless all of you, and stay away from Russ Whitney. Spread the word!
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