There is a termed used in real estate law, caveat emptor (buyer beware). The same holds doubly true for these real estate gurus selling their rags to riches “advice.” I took a Marshall Reddick one-day investment seminar in Mission Viejo, CA a few years ago, purchased much of his material and was almost lured into his network.
But something bothered me about Reddick’s scheme. He gets a piece of the action – all the action! Someone who gains a commission (kickback) from all of his referrals, including licensed real estate brokers, is someone to AVOID!
My advice to you is to see if Marshall Reddick is licensed to sell real estate in Arizona. If he is not, he has probably broken state law because he freely admits getting .5 % kickbacks from his real estate broker referrals. If your real estate agent paid Reddick or his company any kind of a fee at all, the law has been broken by both parties and I urge you to file a formal complaint with the state’s real estate commission.
Marshall Reddick has probably bankrupted many people around the country. I’m in Central Florida now where Reddick was imploring people to buy as many properties as they could afford in Palm Bay. It’s a bust town now where foreclosures abound – many of them are hapless first time investors. My guess, Reddick will eventually be taken down by a class action lawsuit and criminal investigations by state real estate commissions.
Best of luck to you.