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Why Jack Bosch is a Turkey

By JP Moses on Nov 25, 2008 in Recommended Education

First I should say, hardly anyone even knows about this.

You may remember a few weeks ago when I did an impromptu interview with Jack Bosch of Land Profit Formula.
At the time I was impressed to uncover a real estate investing niche that’s…

Refreshingly unique,
Unusually low risk,
High leverage / high profit,
And basically competition-less

Oh, and surprisingly one I’ve honestly never even heard of before.

Then you may also recall that like a big fat turkey, Jack “sold out” of his deal in only a few days, leaving more than a few out in the cold.

Aside: Nice Thanksgiving tie-in, eh? And yes, it’s a retooled version of the Kramer turkey from Seinfeld

Update: So I just got an email from Jack last night that looks like he’s going to make a handful more copies available today (Tue. 11/24/08) around noon-ish or so.

And I just thought some folks might like to know about this.

He also mentions a special webinar he’s doing on how to outsource the whole shebang, which especially piques my interest.

If you missed the Jack Bosch boat last time, then you should take a minute to see what he’s what he’s got cooking. Personally I think it’s pretty incredible…..and unlike many others, I don’t say that about just anything.
Why Jack Bosch is a Turkey

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4 Comment(s)
By Chris (1 comments) on Nov 29, 2008 | Reply

Hey JP,

5600 deals in 6 years? C’mon man. If it looks like a duck and walks like a duck…. Your an experienced investor, and you know what would go into doing volume like that, its just not credible. Thats 2.5 deals per day, every day, for six years. Not possible, I promise you, especially with this system. I know this especially because i work the exact same system that Jack teaches in his course. Its a guerilla system, when used profitably and correctly, best suited to doing a few better quality deals, and I mean good deals, per year than large volume. Most deals, even when the owner is found, are not profitable due to the tendency of tax delinquent property having liens as well. I know the system, and Im in a big market, so there is no shortage of property leads. I urge you to protect your reputation from promoting people making outrageous, and obviously false, claims such as this. BTW, Im well aware that this comment has no hope of being published, but its OK.
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By Jack Bosch (1 comments) on Nov 30, 2008 | Reply

@Chris - hi,

this is Jack Bosch here.

I just came across this comment and would like to respond.

1. I respect your frankness, but before you bash someone, please check the facts.
2. Go to my webpage http://www.sunnyland.com and look under past auctions for my properties for sale. You will see that I have sold thousands of properties.
3. When I say 5213 deals, what i mean (and what I explain on my other webpage http://www.secretlandprofits.com) is that this consists of purchases and sales together, meaning I have bought about 2700 properties and sold about 2513 of them (approx.) and currently hold about 180 (+/- a few).
4. I don’t know where you find your properties but if you focus on LAND only like I do, most properties don’t have any other liens than back taxes.
5. 63% of my properties are bought without even owing any back taxes.

So If you are willing to keep your mind open you might see that I do things probably a little different than you do and that it is in deed possibly to do several thousand deals.

And if you send me an email to jack@secretlandprofits.com I will be gladly sending you some copies of my Live auction brochures (9 auctions to be correct) where each time I sold on average 200 properties in one day (these were my properties which I owned and had bought using this system)

Thanks,

Jack
http://www.LandProfitFormula.com
http://www.SecretLandprofits.com
http://www.LandforPennies.com
http://www.Sunnyland.com
Reply - http://www.sunnyland.com and look under past auctions for my properties for sale. You will see that I have sold thousands of properties.\r\n3. When I say 5213 deals, what i mean (and what I explain on my other webpage http://www.secretlandprofits.com) is that this consists of purchases and sales together, meaning I have bought about 2700 properties and sold about 2513 of them (approx.) and currently hold about 180 (+\/- a few).\r\n4. I don\’t know where you find your properties but if you focus on LAND only like I do, most properties don\’t have any other liens than back taxes.\r\n5. 63% of my properties are bought without even owing any back taxes.\r\n\r\nSo If you are willing to keep your mind open you might see that I do things probably a little different than you do and that it is in deed possibly to do several thousand deals.\r\n\r\nAnd if you send me an email to jack@secretlandprofits.com I will be gladly sending you some copies of my Live auction brochures (9 auctions to be correct) where each time I sold on average 200 properties in one day (these were my properties which I owned and had bought using this system)\r\n\r\nThanks,\r\n\r\nJack\r\nwww.LandProfitFormula.com\r\nwww.SecretLandprofits.com\r\nwww.LandforPennies.com\r\nwww.Sunnyland.com’); return false;”>Quote
By SoCalGal (3 comments) on Jan 6, 2009 | Reply

I agree that a “deal” is the buy AND the sale; otherwise, you wouldn’t realize a profit, you would merely be acquiring a non-producing asset. Therefore, stating that one has done 5,213 deals when 2700 were buys and 2513 were sales is intentionally misleading.

I’m also sick to death of gurus claiming their info is “worth $13,178, but you can have it today for $997–for the first 12 only!” The minute I hear this BS, I’m gone.
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By JP Moses (54 comments) on Jan 6, 2009 | Reply

SoCalGal,

It doesn’t bother me personally, because it falls under the umbrella of salesmanship if done with honesty and integrity. We, try to entice and compel prospective buyers to buy our houses and we try to effectively negotiation and persuade motivated seller that the solution we have for them is ideal as well - and employ similar salesmanship techniques, like scarcity, perceived value, etc. “Value” is such a subjective thing anyway - it’s in the eye of the beholder in the marketplace, as any good appraiser will remind us.

Just don’t take it so personally. When people cross the line it’s pretty clear. But I urge you (and everyone) not to lump all “gurus” into the same bucket, just because they do things like put a perceived value on their product that’s notably higher than what they’ll sell it for.

Thanks for your comments,

…jp

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