By that I mean that they get lots of folks involved to try and "gain financial Independence", give them some seminars and info, and guess what?
The only ones who will make money will be the people "at the top" peddling the services!
Sure, they give you the seminars for free (unlike Amway which sells seminars, lots of pricey "motivational tapes", and sales literature), but when you buy a place, they want 3% of the purchase price, which is usually $5,000 - $15,000. They'll also frequently recommend "holding on to it" for a year, no doubt citing tax benefits, plus last year's great rate of return (remember those 'stock market' terms from the late 90's?)
I've been in the foreclosure biz for a few years (just got out, actually) and I have seen the 'profit margins' shrink from over 20% to barely 3%, and that is with an increase in the foreclosures coming to market. The reason is a huge increase in (in my opinion) idiots who don't know what they are doing, but are listening to people who are essentially on a Haliberton-style "cost-plus" profit margin who make more the higher they pay.
Keep in mind that shows like "Flip this house" are also not very accurate (does anybody else wonder why reality TV shows usually have several "writers" in the credits?). In my opinion, watching that show for advice is about as useful as watching soap operas for dating tips.
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