Is the Sheets program real? yeah it is.
Does it work? Depends.
I bought it a couple of years ago. Got overwhelmed with all the ways to do it. Did not have any direction. Typical I do not have a lot of money, I do not have a lot of time. And a lot of it I could not seem to understand. There are no REI clubs nearby that I was able to find. So I was Floundering.
I got called about 7 months after I bought it by the sheets people and they wanted to see if want to get their coaching program. This cost a larger chunk of change. $5000k for a year. I got it down to 2500 for 6 months. They get you all worked up for the Millionaire elite program complete with a web site that has people that can answer questions on line, coaching once a week from a personal coach, and access to the coaching line for questions when you need answers fast. guaranteed money back.
My take on it now.
Web site. Never got an answer from anyone that really was experienced, They were all asking the same questions as yours, “is this real, does it work?” This site has more info, and baring an occasional Ph.D., it has good info.
The coaching hotline. Interesting. They claim and seemed to be experienced investors. But the problem I got is that each one had a different answer for the same question. At least it tells me they were not reading from a script, an maybe knew what they were talking about. However I was starting out and I needed direction and at that stage as I had few resources I knew a lot of the no-Money down programs were out of my reach, such as My 401k, equity in my house, or yacht (I don’t have one of those yet) or other substitution of collateral, or borrowing from a rich Uncle, (we all have one of those don’t we?) were out. They have a program called at that time REFS which was a private money lending program for their exclusive club members.
When I signed on, or talked to the Sales person he assured me that even people with a Bankruptcy could get financing as they loan on the deal not your credit. You still have to apply though. Funny thing was I did not have a good enough credit score to qualify. One of the answers that I got from the coaching help line was to spend two years getting my credit rebuilt and then I could start to think about trying to REI. One at least tried to tell me how to rebuild my credit rating by sending a dispute letter to every entry on my credit report. A lot of work and I found out really holds little weight. They just throw them in the trash. There is a right for them to do so, despite what you may have heard to the contrary from the web, they do not have to respond to every letter from the sender, especially when they start to look like form letters.
The “credit pursuit strategy” does work. One coach did turn me on to that.
Over all the coaching line was not as helpful as I thought it should be. It was confusing and very disheartening to learn in the third week that I have to wait two years before I start investing, especially when the program claims poor credit is not an issue.
The Personal Coach that I had was very helpful. I learned a lot more of value from him than from anyone else at that time. I learned that he did not agree with the standard Sheets methods. Specifically the 200 questions you are supposed to ask a FSBO to see if they would sell with no-money down and are “motivated sellers”. I wish that I had had more that 8 half hour sessions to talk with him. And he did all the talking, it was very fast. We covered the HP financial calculator, our credit issues, our market, and how to find FSBO’s All in four hours.
They also say it is no-money down. don’t believe it. you have to have Gas money, advertising money, course money, holding costs, ex-cetera. it might be no money down, but there is still a lot of capital you will need.
My advice? buy the No-down payment course on ebay. Good info as an introductory to see how you want to start buying and holding. But forget the upselling, which includes, the coaching elite program, motivational stories of Carlton’s student interviewed by him of course, and a reworked Spreadsheet program and a few other things.
Now look over his regular materials, find way to invest that appeals to you, your abilities, and your time. Then find a specialist “Guru” that has done this before and learn from them. Or a mentor at an REI club if you have one.