Russ Whitney touts himself as a “real estate expert”. A while ago, he made himself a decent profit through real estate deals. And this was enough for him to proclaim that he was a real estate guru. He compiled all his “experiences” and “knowledge” into a book called ’Building Wealth’ and into audio tapes, and then began marketing them extensively.
All of Russ Whitney’s real estate methods revolve around distressed properties. He advocates you to buy such properties, at dirt cheap prices, from desperate sellers. Then you’re supposed to renovate them, and sell them for huge profits! As tempting as this sounds, it’s definitely not realistic.
Russ Whitney also preaches unethical ways of dealing with your bankers. He tells you to initially open a savings account, and after a short time avail of a loan, and then repay it prematurely. He says this will impress the bankers and you can gain their trust. He then goes on to describe questionable ways by which you can make this trust work for you...
He advices you to borrow unsecured loans, by telling the trusting banker that you need money to pay your bills. And he says you should use this money as the down payment for your distressed property investment! Not only is Russ Whitney a scam guru, but he’s helping you become one too!
One of Russ Whitney’s pet projects is his seminars. He organizes a variety of seminars on real estate. These 3-day seminars will set you back anywhere from $6,000 to $28,000! It’s honestly nothing but a rip-off. The seminars are full off sales pitches from a host of marketers!
Russ Whitney also has on sale a series of instructional material. But disappointingly, none of them have anything of value to offer. And you can forget about returning the material and claiming a refund. You’ll get no response or reply. And this is despite Russ Whitney’s promise of “immediate refunds”.
When ScamReview dug up his past, we found out that Russ Whitney has done a term in prison for scam offences. He has also written two unknown and worthless books on attorney generals of Michigan and Pennsylvania. But since then, Russ Whitney has taken great measure to cover up his murky past. He now projects himself as a real estate biggie.
Russ Whiney cleverly glosses over the pitfalls of the real estate business. He conveniently forgets to mention the risks involved. He doesn’t talk about the intense competition, and the complicated legalities. Russ Whitney is not to be trusted.
