Carleton Sheets' No Down Payment

**Craig Artzner** · 02-23-2009, 03:01 AM

Anyone here ever get rich via his training system?

When I was 19 (in 1997), I saw a Carleton Sheets infomercial and purchased his training package. But I was young and impulsive, too young to be serious about following through and doing anything with it. I think I listened to one CD. I ended up giving the stuff to a cousin of mine who said he was going to enter the market with it, but he was a year younger than me, twice as lazy, and didn't end up doing anything either.

Was that a legitimate way to make money in real estate? Or could those methods be part of the reason for the crisis we're in now?

**Codythebest** · 02-23-2009, 04:56 AM

It's completely legitimate and you could make a fortune with it. I can't believe you didn't keep going with it.
In a nutshell, this is how it works:

Let's say you have a home worthing $200,000 and I'm a buyer who has read the material:

I'm willing to buy your home for $120,000. I give you $350/month for the next 30 years but you give me $20,000 back to me for repairs.

See, I just bought with no money from my pocket....
Oh, and by the way, I'm very serious here, I REALLY buy your home that way, I don't have to see it...
Get back to me ASAP with your check ready, I can close tomorrow.

**Craig Artzner** · 02-23-2009, 02:26 PM

Well I'm happy to know I didn't fall for a scam.

But yeah, I was only 19, and not responsible enough at the time to stay the course.

**Codythebest** · 02-23-2009, 04:22 PM

The word "scam" is inappropriate.
In a scam, one party disagree with a done transaction.
Here, both party agree. I'm agree to buy your home for the terms and you agree to sell it to me for the same terms. We have an agreement.

Now, show ONE seller out there agree to sell for my terms...Carlton Sheet's materials are not scam. They are just not going to happen ever...

**Craig Artzner** · 02-24-2009, 04:14 PM

I used the word scam because I was thinking along the lines of me getting scammed by Mr. Sheets into buying a flawed real estate sales training program. So I was relieved to find that the program and the act of me buying it was not a scam. But since I never did anything with it and never made any money with it, it might as well have been I suppose.

I guess I hadn't really thought about whether or not I would be scamming people using the knowledge from the No Down Payment literature. But that's also a relief to know that it wasn't, either.