John T. Reed

[JJBlayde 0]

So I've been surfing the net looking at various articles and the such, and I stumbled across this guy. John T. Reed. He has a thing or two to say about lease options, none of it is good. So me being a newbie, this stuff concerns me. I still love the idea of lease/options and desperately want to make them work, so I'm already slanted in your favor. However this slant will decrease if I don't get straight answers on how and why this guy is wrong...

 

http://www.johntreed.com/leaseoption.html

 

That's the link to the article. Please read it and tell me what you think.

 

Thanks guys, again, newbie, just started studying real estate, I run across this guy and I'm now pretty nervous...

[DrRE 0]

I'm not even going to read the link. Take this guy with a grain of salt. He's very opinionated and eventually will steer you towards one of his books. Right here is the best place to learn Lease Options. Herbster

[MichaelC 160]

JJ, if you're looking for an excuse not to get started, Reed will gladly provide it. He's a laughingstock in this industry. He hates and berates anything and everyone. Except, of course, himself. On his same site where he knocks and criticizes everyone else's materials and strategies, he will then remind you that, surprise!, he has a book available. Can you say conflict of interest?

As Herb said above, take this buffoon and his venomous tongue with a grain of salt.

[JJBlayde 0]

Ok i understand yall dont like him. Alot of gurus and the such dont like him. But i dont care. I also dont care if hes trying to con me into buying his books. His motive has no bearing on the validity of his points and thats what i want answers to. Are his points valid? If not, why? Offer a counter argument. Real estate is a rational investment is it not? If so then it shouldnt be hard for you guys to defend lease options and prove him wrong. Please do too. I desperately want you guys to be right. But im not going to just magically accept that your right without reason. So please stop name calling and show me rationally how hes wrong. Please... I really need to know that your right.

[DrRE 0]

With the thousands of people following Michael's program and only one John Reed, you figure it out. Herbster

[JJBlayde 0]

Your right. I agree with that. Theres alot of ppl who seem to be lease optioning because of gurus like mike, wendy patton, ron legrand and peter conti. As such disproving this guys points should be easy. Also i really just want more proof that it works other then what a couple books say. I get quite a bit of it here, but i just want this guy disproven. But not through logically fallicious ways or name calling. It cant be hard to disprove this guys points can it guys?

 

Also please dont treat me like the enemy. This is an honest question. Hes the one talking bad about it, im trying to get proof to show him its actually good. Maybe its the debator in me but i just need evidence and hard facts.

 

You guys can provide that cant you? Help a newbie out.. Help me gain more confidence in the system. Thats the point of this forum isnt it? To ask questions and discuss lease optioning?

[<Steve> 82]

If you read the article. Reed is explaining how to do lease options incorrectly. Or, the reason for the bad results are from not structuring the deal correctly. If you are honest and upfront with people in your deals, no one should get burned.

[JJBlayde 0]

thank you steve!! See thats what i thought, but i dont know how to structure a lease option really so i was easily fooled. But i did know that if your honest the unethical side disappears. So how is he structering it wrong? if you dont mind me asking.

[MichaelC 160]

JJ, no one was attacking you. It's just that in creative real estate circles, Reed is considered an oaf. As I mentioned above, there is a conflict of interest when he is bashing everyone else as being dishonest and wrong, but then in the last paragraph he states, "I cannot give you the whole picture here because I am in business to sell this information, not give it away. To get all the details on lease options, you should read my special report, which is only $29.95."

In my opinion, that discredits anything he has to say about anyone else. You may disagree, and that's fine.

My question to Reed would be, if lease options are illegal, why are attorneys utilizing them as an investment tool? Bill Bronchick comes to mind, as does Claude Diamond. Both are on record as saying Reed is completely wrong.

[JJBlayde 0]

True, of course he doesnt like either of those guys either. Hey honestly though, idc what he says. All i really care about is knowing whether or not this stuff is real. At this point im on a cloud because i truly believe that lease options can work for me, a 19 year old with no RE expetience and very little money. I dont have to have an mba or have been in RE for 20 years before i invest. My goal is to do a lease option this year.

 

But then comes this guy. And your right that last sentence was a bit stupid. Im really happy you guys are getting this guy out of my head.

 

Now i know this is a stupid question but i have to know, do you guys make alot of money on lease options every year? Seriously? And if i work hard, study, and have the guts, do you believe i could do it within the next year?

 

Ultimately this guy cant be right if yall are pulling off these deals on a monthly basis. So are you? And really id just like some sort of proof of this. A website to where you list your houses or something will do.

 

Thanks again for everything so far guys