I was kicking back on my yacht today (scratch that - was mowing the lawn) and drinking a (hot bottled water) when the thought struck me: waht ever happened to good old Carlton Sheets and his real estate systems? 
I haven't heard of him in a couple of years - the investor types I met early on always brought that system up in conversation - now he's gone from the lingo. With the resurgence of pre-foreclosures and sheriff sales I'd think he'd have a fertile ground to sell to. Anyone seen his infomercials recently?
Believe he is still up and running on satelite tv.....never seen the actual material he sells........
we are fortunate that in our area foreclosures are elusive - few and far between
I was talking to someone the other day about him and he is actually doing better than ever! He now focuses his attention on the internet! Costs him thousands less in advertising and is getting a lot more people to attend his seminars.
I was amazed! But, if you search for him on the net, he is still alive and kicking!
I'm amazed at the people who are not familiar with Mr. Sheets - he was an icon on years past.
Interesting that he is on the internet now - surprised that he doesn't do spam emailing...
Thanks all!
I actually work for Carleton's company and I can assure you he is still alive and kicking and doing quite well. As someone noted above we are moving more and more online. In fact we have an alpha/beta site out there where anyone can access his course for free (www.peiuniversity.com). Hey, isn't one of the fundamentals of this whole web 2.0 movement transparency? We figured heck, if you really want to get his materials all you have to do is go to eBay anyway right? Why not save people a step and let them get the entire (official) course directly from the source?
For those of you have wondered what his course was all about or if it could actually work, check it out and make up your own mind. Heck, all it's going to cost is a few minutes (or more, if you like what you see) of your time.
Enjoy!
I think that he's hiding because he's reponsible for the subprime market crisis. Not all by himself but he didn't help matters. I've never seen his program, but based on what I know of lending, etc., I'm assuming that he had people taking out Interest-Only loans are basing their purchases on the expectation of property appreciation. Well, due to the subprime fallout, banks are not going to be throwing around money so easily, especially for no-money down types of operations.
This is a great time to invest in real-estate. I'll be graduating in a few months and hopefully I can put together some scratch in the next 2-3 years to take advantage of this down market.
I THINK CARLTON SHEETS IS A HONEST GUY I THINK HE HAS HELP MILLIONS OF INVESTERS
To Doug Tulumaris;
A couple days ago I tried to think of the name of the fellow with the real estate program on tv. Yesterday I asked my brother in law and sure enough it was Carleton Sheets. Well believe it or not, I told him the same thing you said. I believe his program had something to do with the mortgage crisis. HOW? Many of his students purchased more than 4 or 5 houses. They never kept them, they just kept moving them around the market and pocketed the settlements at closing. Someone had to take out a mortgage, and the lender had to get the money from somewhere. Enter Fannie Mae and Freddie Mac, and family. Blog on that for a moment.
One of my investor clients took his course and read his books and made alot of money from 1999-2005---unfortunately she lost most of it in the "meltdown". Like anything else in life, proceed with caution.
sheets was a fraud because he never explained that his course doesn't work in the better areas and suburbs of US.Only works in the boon docks.Look at the facts.How could you rent out and collect a rent on a house that over $400,000,the rent would need at least $4,000 a month to cover that mortgage!! You can't find houses for less then 200,000 in decent areas anymore and no one will pay that big rent anymore so how do you cover your mortgage with a no money down or even a little money down.Answer,You can't unless you but preforclosure homes and kick out the poor prior owners! The business sucks!!