John T. Reed on bargain purchases for 20% below market value

[lambdalady]

This guy is lame. But, i gotta give it to him, he found his niche...that niche being a hater. Its cool bro, just cuz your not as cool as kiyosaki doesnt mean you gotta hate!

[chuckhughes2]

He does not still own the properties.

[realestateisbetter]

What is he talking about? 0:46 "you want to be able to buy and immediately resell it, whether you do or not is another matter, but you won't be able to buy it and resell it and you gotta because of the transaction costs of this business!..."

I don't think he knows what he's talking about.

[myaksitch]

@realestateisbetter I agree he is completely confused and lambdalady is also 100% right! There is more intelligence in the coments then in his videos! No wonder Kiyosaki has millions of followers and this guy has 2.

[ComradePatriot]

What cracks me up is how Robert Kiyosaki's supporters try to criticize John Reed by saying John Reed does not know anything about real estate because he "only" owned 12 properties. Well, he still owns them and has been in the business since 1967. I know real estate investors who owned over 30 properties for just a few years and went bankrupt and others who owned only a few units for decades and successfully retired. There is a difference between acquiring property and operating them.