O.T. Has anyone seen this infomercial?

Iceman · Jun 29, 2006

I am usually a sucker for getting hooked on and watching these but NEVER do I buy them (though I have thought about a few )

Seen one this morning called "Russ Dalbey's, Winning in the cash flow business". It involed finding "notes"(mostly real estate from what I gather) and posting them.

Not sure how this works or if it works but seems fairly simple (which I am sure it is not). Does anyone know about this and how and if it works?

Damn these shows are interesting and the worst part is I don't need a job.

WVU · Jun 29, 2006

If someone really knew how to make money they wouldn't sell the idea to you. I use to be neighbors with William McCorkle. Remember him? He use to have that infomercial about how to make money in real estate. They always showed him with his hot girlfriend and on that nice boat which wasn't his and in front of that nice huge house that wasn't his. He made big bucks off of selling that idea. He never once got into real estate himself as long as I knew him. He laughed at the stupidity of those who bought his plan. Last I heard he was filing for bankruptcy.

Dante · Jun 29, 2006

the ICEMAN IS BACK!!!!!! :suomi:

ElIguana · Jun 29, 2006

Iceman, I have never tried making $$ that way personally, but I see 3 main problems with it:

1. The cat is out of the bag on the note/foreclosure scheme. I've seen shows like 20/20 and others doing specials with mobs of people standing on the courthouse steps bidding on foreclosed properties.

2. These infomercials are basically like touts IMHO. As WVU said, if this really were as profitable and easy as they say it is, why are they telling us all about it instead of getting all of these great deals themselves? Just like the tout services that guarantee 70% winners. If they could guarantee themselves 70% winners, they wouldn't need to sell picks to you and me, they'd put every dime they had in their own picks and clean up.

3. Even if the $$ is there, do you really want to spend your time doing this? Do you want to profit on someone else's misfortune/foreclosure? It just doesn't sound like much fun to me, but that's just me. What they're not telling us is that for every great deal they find, they probably spend hours/days looking and finding turds that don't make them a dime.

maxdemo · Jun 29, 2006

El Iguana said:
1. The cat is out of the bag on the note/foreclosure scheme. I've seen shows like 20/20 and others doing specials with mobs of people standing on the courthouse steps bidding on foreclosed properties.

But you can still make $$ on this, have a few buddies that buy forclosed homes at pennies on the $$ and renovate them. They then will lease the propert or sell it outright and make great $$. But this is not for everyone...JMO

ElIguana · Jun 29, 2006

maxdemo said:
But you can still make $$ on this, have a few buddies that buy forclosed homes at pennies on the $$ and renovate them. They then will lease the propert or sell it outright and make great $$. But this is not for everyone...JMO

It's probably a lot like handicapping...you meet someone who does it and makes $$ at it, it looks easy and fun, so you give it a try. You have some good wins and some bad beats, and you learn some very expensive lessons about $$ management along the way.

Yes, it's possible to make $$ in these ventures, but I would just about guarantee that it's not nearly as easy as it looks and there is luck involved. I'm glad to hear your friends are doing well at it, Max.

Degenerate · Jun 29, 2006

Good ol' infomercials. What was the name of that Chinese guy who always had that boat and babes? Tom Vu????

GilRenard · Jun 29, 2006

My current favorite infomercial would have to be the Colon cleaner one, where the hucksters basically talk about shit and shitting for half an hour. I think that with all the new cable stations out there, they should create a Classic Informercial Network. There were some hilarious ones back in the day. Don Lapre (teeny tiny classified ads from my one bedroom apartment), Kevin Trudeau (speed reading, straight shooting golf, etc. My favorite of all time though would have to be the 'Danny Bonaduce Show' with Grand Master Tsai, selling his self defense taste. Slightly outside the realgm of Informercials, I probably wasted a month or two of my life watching the man, the myth, the legend Don West hawking baseball cards on some shopping network!

I guess I have a weird sense of humor, but these things are some of the funniest stuff on TV to me....