Hello again! It's Jamison Palmer. This is going to be my video review of Wining in the Cash Flow Business by Russ Dalbey.
I just want to start off by saying that I do not recommend getting involved with this business or really any business that is put out by Russ Dalbey. Actually, this Wining in the Cash Flow Business, what's it all about is the secondary market, buying and selling real state notes. And what I can tell you is that this business was marketed heavily across the nation, across the US, in all different states. And it was mostly done in the middle of the night; and it was marketed as if it was this easy business to get involved with and that anyone can do it. And they push people to go out and find people that had private mortgages and to get those people to sell these private mortgages as investment vehicles. And the problem is that they were bringing in all these people into this business, selling them the upfront course which is the Wining in the Cash Flow Business books and manual and all that, which is the low-end product. And then what they would do, is on the back end they would try to upsell these people into coaching programs and other programs that they had, these high-dollar programs.
And so, I actually know someone that had been working on the inside of this business. The main office actually used to be in Boulder, Colorado, and I use to actually live up in Boulder. And the thing was, they were getting people involved first of all in these coaching programs, things like guaranteed traffic in which my opinion was just a scam. They were pushing these marketing methods and strategies that were not working. And my friend that was working on the inside of this business, he was actually really trying to help people out, and he would talk about how frustrated he was that he didn't feel like they're being honest with people. And the thing is that there are only so many private mortgages out there and you really have to know what you're doing and you have to have some skill to be able to make this work. And they do have testimonials, success stories. But the thing is, first of all, I mean looking on this page here, “Success Stories,” there are a handful of people. The infomercial for this was run for years and I believe that the infomercial is still being run today, and yet they only have a handful of success stories and yet they were selling thousands and thousands of these courses, essentially saturating the market. And like I said there are only so many private mortgages out there. And so, you know, they were also selling leads on people that were holding private mortgages and the same leads were being sold over and over; and so all of these people were calling the same leads.
I do not recommend Wining in the Cash Flow Business. The cash flow business itself is a difficult business to get involved with; there are other aspects of the business factoring and there are other types of cash flows. And they didn't talk a lot about those types of cash flows but even if they did, it's still very difficult to get involved in a business like this and especially as a private contractor. You know, when your in your own business and you don't have a track record, you don't have a reputation, and you're not being backed up by a major company, if you're going to be involved on the factoring side of it, to convince business owners to hand over their cash flows for a fee. It's just... it's difficult and there is cold calling, I mean they recommend that you send out these newsletters and all this stuff. And I can tell you that these people were sending out the newsletters, they were not getting the response on these newsletters, the majority of the people, probably 99% of the people that were getting involved with this opportunity were failing and it's just not a good business to get involved with as a beginner. And really, in my opinion, I wouldn't get involved in this business whatsoever because it's a difficult business. There's a lot of competition and there are not an unlimited amount of notes out there, at least not private mortgages and ones that tend to be more lucrative. So anyway, like I said, I do not recommend Wining in the Cash Flow Business or really anything that Russ Dalbey is involved with. He was partnered with Don Lapre who was pushing. I'm sure you saw the television commercial, the tiny little ads. And Don had been in and out of trouble and, you know, the FTC, and it's just, I just cannot recommend getting involved with these people.
So that's my review of Wining in the Cash Flow Business.
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