Jim Fleck - Future Millionaires Club Is this real or just another scam? Yorkville Illinois

THE CUNNING QUICK MIND OF THE YUPPIE THOUGHT THIS UP.

I READ THE PRICES MENTIONED BY THIS FIRST POSTER AND I CAN SEE WHO THE FUTURE MILLIONARE IS GOING TO BE WHO GETS ALL THIS MONEY!

HINT:IT WON'T BE THE GUY WHO PAYS OUT LIKE THIS!

EVEN IF I DID HAVE THE MONEY NO WAY I WOULD PAY IT FOR THIS.

I AM STILL LAUGHING.

YUPPIES HAVE NO SENSE OF HUMOR EXCEPT WHEN THEY TAKE YOUR MONEY AND THEN THEY LAUGH AT YOU!

it is refreshing to see the tables turned for a change!

Hi,

I notice kw982kang didn't use their real name. However, my real name
is Jim Fleck.

Yes I teach people to make money with real estate. Yes, most people
don't as most people don't follow through. I'm no different, I've bought
courses, books and coaching at times through my life and haven't followed
through as much as I should. Got tons of books on the old bookshelf unread.
Had good intentions when I bought them.

I only have two more things to say about this report then I'll move on, as
I realize the whole business model of the ripoffreport is to get people here
based on internet traffic from people in the public eye and then sell them
their own recommended money making information....lol...the irony humors
me.

One is yes, I give guarantees for all my products and services just like I like to receive from other companies I purchase from. So thanks kw982kang for posting my rock solid guarantee for my real estate program.

Two, be a Man or Woman next time and list your name. Also, if you're unhappy, come on over to http://thefmclub.com and login if you're a "real customer" and you can reach me. If not, you can use the non-customer form and still post a question/comment to my staff.

Jim Fleck
http://thefmclub.com
http://contactsupportnow.com

I got an email this morning from a guy who is dealing with foreclosures. He sells foreclosure related merchandise, doncha know. He is touting Jim's new biz and making outragaeous claims of Jim selling dozens of houses a day. Jim does everything for you, even puts up the money and you will make thousands for letting Jim do it all for you. I wrote the guy a letter saying he had lost all credibility pushing this scheme. I have heard these people use the good credit of others to stay in deals because they already have ruined their own. Leap very carefully here folks! I am running across more credit card companies who are helping these folks instead of customers who are getting ripped off.

What is the point here?

First, there is NO such thing as a short sale in realestate. Internal bank / mortgage company politics GARANTEES that a short sale will never occur.

Then too, forclosed houses are usually heavily papered, meaning that there is very little free equity value available, and any profit made in dealing forclosed property must be obtained by obtaining free equity value at a deep discount and then selling that equity value at retail prices.

Finally, forclosed homes are often in need of substantial cleanup and repairs.

I conclude that this is just another scam...............

Its become clear that Jim Fleck is trying to either give the illusion of running a legit business or is making an attempt to run a business in the grey space helping others make millions in the pre-foreclosure real estate market. Its this gray space that makes it difficult to say if this program is a complete out right fraud.

Back in May there was only 1 spot left to qualify for the bonuses. Today there are now ONLY 11 spots left. Does this mean that people are dropping out or that Jim is looking for more than the claimed 100 people. If he's looking for 100 people who are going to do everything he says no questions asked in lock step, well he's going to have to play the numbers and recruit 1000's in not tens or hundreds of 1000's.

What is clear is that foreclosures will continue to be at record levels in 2007 and beyond. In a "buyers market" one of the problems any investor faces is unloading or flipping the property quickly. The reality is that everyone in the game has the same idea, get a great deal and undercut the market. In any situation when the supply exceeds the demand prices fall. For the beginner this presents a problem since your money is now tied up or worse yet if you're using Jim's money or another hard money source you could be eaten alive in interest and points. Odd isn't it, buying a house in pre-foreclosure only to possibly find yourself in the same situation IF you can't unload the property? Seems pretty risky, unless one is already independently wealthy and time and money are never an issue for you.

Ahh yes, but of course! According to Jim's program you're never at risk since everything you do is contingent upon a you finding a buyer for a double closing. Makes sense since everyone from Home Depot to Wall Street sells stuff not in "inventory" but deliver after payment is recieved. You just have to find a buyer in order to have that double closing on settlement day. Remember the phrase "buyers market" creates a market that could have an unlimited supply with a very limited number of qualified buyers. And Jim will say the worst case is that you don't find a buyer and the house goes to foreclosure where it was headed in the first place.

And if the Short Sale goes through you've saved them from a Foreclosure being reported on their credit report, however if the courts find it appropriate the sellers get slapped with a judgement for the bad loans. Six in one hand half a dozen in the other, right? Oh and let's not forget about the recent laws several states are passing to help protect sellers from sharks in the waters. Without a doubt as time goes on this could be an increasing uphill battle.

But enough about the climate, back to Jim's program. Listening to all 9 lessons and the weekly Q&A calls and flying out to the first quarterly conference in Las Vegas, I can't help but be reminded of Amway or any other rah rah multi-level marketing business. I couldn't help getting the feeling that "we're all in this together trying to figure it out as we go along." There was a noticeable degree of structure and organization lacking from this business and its leader. Many of the calls wasted time recycling "key points" from previous calls and often skipping over or briefly touching on important topics/questions due to time constraints.

During the one-on-one phone calls to discuss potential deals, subtle hints of "the blind leading the blind" were in the air and throughout the calls. They say you should always trust your gut feeling, I wonder why?!?

At this point I can say Jim and his crew are making some progress on things available we should have received from the start in the members' only section. One item to note the refund policy. You need to make your decision within 90 days otherwise kiss your money good-bye. After 90 days you're not entitled to a refund unless you stick with the program for the full 12 months and prove to Jim and his crew you did everything exactly as instructed and still didn't make $25,000. Remember you've got to do EVERYTHING from attend all confrences to using his marketing system and reading the books he says is required reading to help "get your mind right".

In closing the biggest praise I can give Jim is that he clearly says that this isn't for everyone and if you're on your last dollar trying to hit a home run then you probably should go get a job. Also much of the "mindset" stuff he talks about from any number of self help books is on target; if you're into that kind of stuff. Like anything in life this is a simple concept but not easily done. Your success is completely your fault, little to no thanks to Jim.