Al,
I downloaded your ROI spreadsheet for free and used it to help me buy a
rental property. It was accurate nearly to the penny. I had computed the
projection based on an 80/20 loan and the loan company gave me a 76/24 loan,
which threw the numbers off a bit. This is a terrific asset for any
investor. Very comprehensive!
Thanks Al,
Daryl
Arlington, TX
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Hi Al,
I enjoy purchasing the Turnkey properties because this
method eliminates plenty of headache from the process
of purchasing houses if I had to do it on my own
without the expertise that your team brings in to
"screen" the bad ones out.
Thanks,
Stephen Chan
Dallas, TX
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Al,
I wish to buy the BG#0 [Turnkey Investments] Property.
I also wanted to let you know that we have completed
the purchase transaction for the Mockingbird house. I
would like to express my thanks to you and all
those people behind the scenes that you have put
together to form this wonderful team. The process was
very simple and easy to do. Everybody was very
helpful and always answered my questions no matter how
trivial.
Stephen Chan
Dallas, TX
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Hi Al,
I am not sure if I mentioned this to you, but for months leading up to the time I attended your first seminar last year, I was often momentarily inspired by others, but never truly felt motivated to act. There is a very crowded field of seminars, books and other products all clamoring for attention with incredible promises and anecdotes, but what often felt like minimal substance. Some of the seminars were very flashy with a strong emphasis on self promotion, but almost no tangible information beyond teasers. While all of this is ultimately business, and will always involve promotion, I had a strong sense that you were also strongly rooted in truly educating people, and providing quality and service. Reading the emails below [to resolve a misunderstanding betseen Emanual and a strategic partner of the Tortoise Club] reinforced it all for me.
I truly appreciate how much thought and effort you put into my concerns. I am sure [he] took your feedback professionally as he was not defensive when I expressed myself to him. Al, I am truly impressed with how you continually strive to refine your product and work with the strategic partners so we can all succeed together.
I remain grateful to you for your concern, your follow-up and especially all that I continue to learn from you. This investment has not just been about building equity and cash flow for me, but about the education. You make this all a truly worthwhile experience.
Thank you.
Regards,
Emanuel B.
San Francisco, CA
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Al,
Just wanted to say a quick thank you for your advice. The seller agreed to the terms of the 50% return. I have to say that I was reluctant and apprehensive at first spending money to join a club just for the privilege of purchasing homes. But having just worked through this deal with you, Bob Gibbons, and Ron Blume, I feel that I have easily gotten my money's worth. You and your team have worked hard to make this deal come through the way that I wanted it. I do appreciate it. I'm looking forward to owning the property and receiving a nice monthly cash flow when the closing has completed as well as purchasing more properties through Turnkey in the future. Thanks again.
Mark Nadelson
Stamford, Connecticut
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Ron [Blume, DFW Funding Solutions],
The [Turnkey Investments] house in Glenn Heights closed this week on Tuesday and the tenant moved in on Thursday. Quick huh?
Thanks for your help, you have been invaluable in the whole process from start to finish.
[You had a] coordinated plan so that we closed as soon as the property was completed, and a tenant was moved in as soon as we closed. [I am receiving a] positive cash flow after PITI.
Best regards,
John Shike
San Franciso, CA
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Keep up the good work. Your success is inspiring. I bought a rent house in the Webb Chapel / Walnut Hill area and leased it for 2 years. Super property that cash flows great - your book and seminar were a huge help. I am hopefully going to buy another in a few months. Have fun in Hawaii.
Evan P. Reynolds
President
The Reynolds Company
www.thereynoldscompany.com
As Regards: Al Lee’s book and seminar
To whom it may concern:
My name is Tommy R., Sr. Purchasing Manager of [company name withheld], a leading semiconductor capital equipment manufacturer in the Silicon Valley of San Jose, CA.
I came to California from Chicago over 25 years ago to attend the University of California at Berkeley where I earned a degree in the sciences.
I mention this because as far back as then, I wanted to own income-producing rental properties, but always found it too difficult to get a positive cash flow from the high-priced real estate in California. That situation persists to the present.
However; I, like many other Americans today, am getting fed up with opening my quarterly 401K/IRA statements to see a continual erosion of the dollars that are supposed to support me in my retirement years. I am not one to sit back and just hope things get better. I prefer to take positive action to improve my situation.
Therefore, about 6 months ago I began reading books and attending seminars on the subject of investing in real estate. I started with books and seminars of gurus such as Robert Kiyosaki, Ross Allen, Wade Cook, Dolf De Roos. I even saw David Finkel explain how to get rich with "lease options" (boy, was that complicated! A degree in quantum mechanics may have been helpful). The theme of "get rich quick" was emphasized more often than not.
In my opinion, the authors and programs I studied had several major flaws:
- They touted the overall benefits of owning positive cash flow income properties from a 30,000 foot level, but NEVER gave you a "How-to".
- Their methods required me to abandon my personal principles
- They offered unrealistic dreams of "overnight riches".
- They required purchasing grossly overpriced products from the promoters.
- Many of them asked for gigantic up front fees to help you get started ranging from $3000 to start and exceeding $12,000 by the end of the first year.
- One even wanted a piece of every action you put together for a full year!
One, however, stood head-and-shoulders above the rest. Al Lee’s book, "Income for Life-from Real Estate" offered a realistic, ethical plan for achieving my goal of becoming wealthy. His CD ROM, with essentially the same features as the expensive "products" sold by some of the promoters, was included with the book!
Then I signed up for Al Lee’s seminar. I was afraid that I might just be subjecting myself to more of the same cheap promotion I’d found so repugnant in the other seminars. Instead, I soon realized I had stumbled upon something very different. For the first time, I felt like I had found a realistic and honest approach to building wealth. Additionally, I believe that Mr. Lee has actually become wealthy doing what he teaches, while the others probably have made all their money selling get-rich-quick products.
He offered the most lucid explanation of why income-generating real estate, structured properly, comes closest to what an "ideal" investment would be. This, based on a concise explanation of the benefits of passive income, mortgage interest, and tax benefits. Best of all, he presented a clear and easy "How-to" that almost anyone could follow. No degree from CAL, Berkeley was needed here.
Then I learned about his "Tortoise Club" (build wealth gradually and surely). I was, and am, very excited about how he put together an entire supply chain of real estate service providers, such as RE and mortgage brokers, property managers, legal persons, etc. All these professionals would be made available to personally assist us in structuring positive cash flow properties for the modest yearly dues[.] The Tortoise Club website lists all these "Strategic Partners"; we can contact them directly. I have established some very satisfactory business relationships with them.
I highly recommend his book and seminar. His methods really do work. Being in a position to compare most of the currently popular real estate investment programs, I can confidently predict that, given the choice, most educated, intelligent people will readily recognize the superiority of Al Lee’s offering.
Sincerely,
Tommy R., C.P.M.
Sr. Manager, Supplier Management & Procurement
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