Ask and you shall receive!
Re: Nu-Way Real Estate
Hi, New to the group. I have researched this company pretty good and haven’t found any flaws yet. But I am about to ask for company and individual business experience of the VPs’ as well as information about 3 current students. If they are legit, they will offer all of the information they could possibly offer. As soon as I have more I’ll send. Take care and God Bless!
Originally Posted by truelyred
I am wondering how we are all deciding that this Nu-Way Real estate is s scam. They are not only giving you training for the $5000 investment, but they are allowing you to use THEIR money to buy the property AND do any repairs/renovations. That does not sound like a scam to me! See all of the others who have posted here are saying that you can learn what they will teach you on your own…which is probably true, but learn this AND not risk any of your own money (except the $5000 original investment). I do not know about you, but I do not have $100,000 laying around with nothing to do with it. Also I do not have the ability to borrow from a traditional lender and then pay the mortgage payments until this proprty would sell.
Any suggestions how to get start
I am also looking into to this business and I have not found anything negative to report. For me the $5000 initial investment is a little much but I would rather learn and take the risk with other people’s money than my own. I will keep you posted if I decide to dive in.
Re: Nu-Way Real Estate
It’s a scam. You ran into a subhuman species of life called “Real Estate Gurus”.
Your instincts were good, you decided to check it out.
Legitimate companies exist that buys distressed property, by having a local office in each city and then buying it directly. They then fix it up and turn it around. At no point, do they ask anyone else to act as a buyer, or five big ones upfront.
This link has a discussion in it about some people who ran into this scam.
http://www.dealmakerscafe.com/forum...showtopic=10901 Re: Nu-Way Real Estate
I also have come across Nu-way recently, and have been checking them out. To date the worst thing I can find out is that they are very"selective " about which deals they will, approve , engage in ( …so would I be if other people were using my money…!). This could be a stalling tactic, or it could be prudent, on their part.
The fact that they ask for money up front, for training, is usually a flag, but bottom line is, has anyone actually had any dealings, in which they feel as if they have been screwed or scammed?
OPM is a great theoretical concept, but my experience is that most people are looking for a 'quick fix, or ‘get rich quick scheme’, in the first place.
I am in no way attempting to be apologetic for Nu-Way, I just want to know if anyone has put the time in, done the work, or applied the principle and still feel as if they have been scammed?
Originally Posted by jronthemove
I am also looking into to this business and I have not found anything negative to report. For me the $5000 initial investment is a little much but I would rather learn and take the risk with other people’s money than my own. I will keep you posted if I decide to dive in.
REALLY, the concept does sound good, but the million dollar question here is: Do they have the monies to invest? Are they willing to show a financial statement, or record, of their companys assets? Hey, if you are going to invest in a company, you are entitled to have this info. I’m talking with them myself, and these are the questions I’m asking. Will update…
Sometimes it seems as if everyone wants to go to Heaven , but no-one is willing to die first…!
Originally Posted by jronthemove
I am also looking into to this business and I have not found anything negative to report. For me the $5000 initial investment is a little much but I would rather learn and take the risk with other people’s money than my own. I will keep you posted if I decide to dive in.
I agree, but I will want to know if they have the cash on habd to finance this business, or are they accummulating cash from prospective clients like you and I, and the hundreds of others who want in…
Re: Nu-Way Real Estate
I recently signed up with Nu-way about 3 weeks ago. So far I have not determined yet if it is a scam. I guess I will be the guinea pig here. Basically they started out by sending me an intro package about their company which I had to pay 30 bucks for because they overnighted it. I paid the tuition with a credit card just in case these guys aren’t on the level it would be easier to get my $ back. They started out by sending me 3 big binders, one is for notes contacts, inspections, etc., A workbook, and a lesson book. In their lesson book they go over different ways in which to aquire property. I’ve gone through everything and now I am on my “practice propety” which I have to complete in order to finish my training so I can utilize the 200k capital. If there is a catch it would be in a form that they call a property submittal. This “property submittal” is very comprehensive and could be tool they utilize as an excuse to turn down properties in order to “float” you over 6 months which is the time frame you have to aquire a property.
Again, I do not know if this is a scam yet, but If it is I will definately inform everyone I possibly can. I will continue posting as I progress through this venture.
I am taking this route because I do not know anyone personally that could walk me through real estate flipping. I put all my negative thoughts aside and decided to trust these guys and their operation. If this is not on the level, well I have learned another lesson and furthermore I always have stood by the saying, “what comes around, goes around”.
Chuck
Re: Nu-Way Real Estate
Hello, I am investigating Nu-way also. I talked to a louis who called today , he informed me that if I was interested, I would have to order a $40.00 resume package which would be sent Fedx. For those who have already jumped into this venture, if you would please keep me informed, I would appreciate it. From my experience, in life if it sounds to good to be true, it probably is.
Re: Nu-Way Real Estate
Yes the package was 40 dollars and when I ask them why they charged that they said it was because so many people aquired about the information. I guess they just want to weed out the curious. I did all the training over 3 weeks and right now I’m on my practice property. Once I submit the PP, my coach will go over it w/ me then I’ll do a real one. I look at it this way…This is my first try at flipping a home. 5000 is worth someone elses capital being at risk instead of mine. After this first one then I most likely will go to the bank and get a loan for the rest. They will go over different ways to aquire a property. I’m using realtors because there is far less red tape involved…I guess it just depends on where you are.
I still have a voice in the back of my head telling me this is too good to be true but I’m trying to ignore it while I go through all of this because it distracts me from what I’m trying to get done. If it is a scam then me & a few buds of mine will jump on our bikes for a nice ride up to Colorado and get the money back w/ a little kindness & persuation.