Typically, some "real estate guru" loosely explains how they made fortunes, and now offers the program for sale - all the while chanting "No Money Down!" and citing huge payoffs.
One such program, from Russ Whitney and the Whitney Information Networks, is being sued by people who took their "classes" and subsequently buried themselves in the real estate market.
Here is a video detailing one woman's allegations: that she spent $30,000 on classes with Russ Whitney (amazing by itself), and then developed a house allegedly at the suggestion of the Whitney organization and which has little chance of making money.
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