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Price: $2,995 Value: Low to Medium The President of the United States is called Mr. President. Jeffrey Kaller calls himself Mr. PreForeclosure. (See our Preforeclosure Lesson) His Business Mastery Program is truly one of the great guru pitches of all-time. So much so, that at the end of it, I too wanted to pay a "measly" (according to Mr. PreForeclosure) $2,995. One problem - we have already listened to his pitch via CD's, have worked short sales, and are not interested in paying more to learn or to share profits on some of the most time-consuming deals, with some of the shadier methods used. FREE TIP Let us save pre-foreclosure students a few thousand bucks, oodles of time, and constant frustration in the unknown. If Jeff had boiled his comments down to one tip, given it to you for $50, and offered to teach you the rest for $995, he would make a fortune, have happier customers and the whole world would be paying him a cut for his debt negotiation team. Here is the tip: Don't work with big banks. Work with small ones. The rest is more about coordination than actual hard work or smarts, and if you are working with a "wrong bank" at the beginning, you are wasting your time. You only know at the end. THE ORGANIZATION When we heard Jeff, we could tell he was changing his organization from a seminar organization into a coaching organization and finally a deal-sharing organization. We revisit Jeff a few years later and he is now a Franchise organization. Jeff had done one amazing thing - he wanted all of hte "best" students to hire a personal coach. Basically, it was the product of realizing that systems suck, but people can be great. To get them to be great, they need to be motivated and get through personal roadblocks. This coach helped his "best" students do just that. (Best=students who pay the most money.) We heard this woman speak a bit and she seemed uber-competent. The amazing part - we heard he let her go. One other item in Jeff's seminar told us a lot about Jeff. One person in the crowd asked a question of Jeff. Jeff asked the person how many deals they were doing per month. The questioner answered - 20. We thought we heard a loud bang coming from our CD player - it was Jeff's jaw hitting the floor. He could not contain his reaction. We paraphrase: "I am going to quit doing this and do what you are doing." Jeff uses his seminars to make money and find deals. His new projects are ways to have you find him deals. Not the other way around. And we are not impressed with what Jeff says he does with his time now - buying island resorts and commercial property. If it is good for him, why doesn't he teach us about that? Maybe, he doesn't know very much. We have no doubt that Jeff has assembled a team of qualified professionals. We have no doubt that if there is another penny to squeeze out of a deal, that Jeff will do it - this is a compliment. We do not, however, have any compunction to want to join Jeff Kaller per his sales pitch. He is not someone with whom we would do business. From some of his techniques that we heard on the CD, from his personal style, from the organizational morphing, we sense something is wrong with this group. Save yourself some money. Use the free resources and network. Offer to help someone work a deal and learn. If you have any comments, or would like another Guru reviewed, please email. Other Gurus Albert Lowry Darius Barazandeh Donald Trump Jeffrey Kaller - Mr. Pre-Foreclosure Mentoring Mr. Landlord - Jeffrey Taylor Overview Robert Allen Robert Cain Ron LeGrand William Nickerson Return to Real Estate Gurus |
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