TCS Foreclosures

This company promises to teach you how to do short sales (and have banks agree!) Has anyone used their techniques?

Posted by JoeBanker
from CA




29 Answers

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What is TCS Foreclosures' track record?  Are they legit or another rip-off scheme?

Answered by H Brown


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total ripoff/don"t waste your time,money,or anything else---if they call hang up as fast as posible and never speek to them again,  total scam 100% Anonymous
This company makes all kinds of promisess and they don't deliver.  As a matter of fact, they outright lied to me.  I wouldn't be surprised if most of the positive comments posted on this site are by TCS themselves.  I don't believe they have very many investors and they do tell you to look for your own.    A very strong "buyer beware" from someone who fell for their pitch and who has been an entrepreneur, and involved with real estate, all of my life.  There are so many other programs out there, just do some research.   Consider this ... I have nothing to gain from posting this - I've already lost my money. Anonymous
See for yourself:   http://www.maine.gov/pfr/securities/adminorders/Trinity_CDO.htm   Also, they had an "F" rating with BBB.org several months ago.  I just rechecked and now it's a B-.  Interesting??? They are not a member of BBB. Anonymous
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    I have been associated with TCS for the last 3 years.  They have been a key to all of my success in the industry.  They are definately legit.  They are extremely helpful.  Once you are in their program it seems like there is nothing they wont do to help you succeed.  I feel like I am part of an organization that wants to see me do as well as they are.  So, I have nothing to say but good things about TCS and I am happy to be with them. 

Answered by Amber


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Hi Amber,   I like what you wrote about TCS.  I am thinking of joining them.  I would like to talk to you for more information.  Can you please email me at andrew@casadelsolre.com.  Thank you. andrew macia
Hi Amber, I am also an affiliate of TCS and would love to talk with you.  Please email me at CreativeREISolutions@gmail.com. Thanks, Lyn Lyn
Hi lyn, I am affliate with them for the past 3-4 months.  They are very knowledgable and very helpfull.  They won't make you successful, You will make yourself successful. But if you are driven, and willing to work hard, they are supper in teaching and coaching you in every step of the way.  dana
Hi Amber, I would REALY appreciate you contacting me at CreativeREISolutions@gmail.com. Best, Lyn Lyn
I am considering signing up. Can you tell me how much "normal" business hours are requred. What I mean is how much of this work needs to be done off hours and how much of the time will I need to be available during 9-5 M-F?  I have another job and while I have the ability to apply 10-20 hours to this. They would mostly need to be eve weekend.  Does that fit and can you be successful with that? How are they to work with and do they provide leads? How is the commision or finders fee set up?  Any information would be greatly appreciated. I can be contacted directly at nanook0550@yahoo.com Nanook
Have you made any money with them? How long will it take to recover the $10,000 investment? Did you have a contract with them on the services they would provide and the costs they would cover while doing business together? Curious in Chicago
Anyone not employed or otherwise in conflict of interest with TCS, who signed up and is working or  worked the program deligently, please contact me via email. therapycenter@comcast.net   your insight is appreciated and will be kept confidential. Jeff Reynolds     JR1
hi amber my name is brian and i have joined the tcs family too however i have had no luck using the plan they have so far.do you feel like perhaps helping me . if so please contact me.....brian@helpnforeclosure.com thanks for your time brian schuler
Hi Amber!  I just joined TCS and would like to email further.  Do they have a directory of members once I get going?  Can we talk? Deb
Hello Amber, my wife just purchased the TCS foreclosure package and I was wondering if you can give me some insight to the business. Do you need any real estate experience or can anyone with a desire to succeed do this business. And does TCS reall y deliver on all of it's promises? Please email me at asmendoza12@gmail.com.   Thank you   Steve Anonymous
you will never recover your  money  ever!!!! Anonymous
Hi Amber   I'm considering to buy their programs (TCS Foreclosures) Would you recommend it? I think they are legit but I would like to find out from someone who has tried therr course   Sincerely   Raffi Raffi
Andrew   Did u ever try their program? Would u recommend it?   Thanks   Raffi Raffi
Hey Raffi,   I did try their program., luckly I had a friend who purchased it.  It was pure garbage.  I recomend Real Vest Network.   Andrew Macia
Hello Andrew...   Who and/or what is Real Vest Network?     Anonymous
Would you please tell me if you have any additional information about TCS. I am considering buying in. Your opinion would be appreciated. Thank You Anonymous
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Whatever you do, do not work for them.  Working for TCS foreclosures is the worst job on the planet.

Answered by Andrew W.


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I was thinking about applying to work for them.  How are they a bad company to work for? Anonymous
Hello;   I have an interview with TCS tomorrow and would like to know what it is that you found to be objectionable about working there?  Is there a salary, or just straight commission?  I was told by 'Karen' today that most people are making 5-7k a month, but some new guy came in and pulled 11k his first month.  I have a feeling that after being told that it's a 70-80 person sales team (boiler room?) and that the turnover is because people start using the program, and that the schedule is 9:30-7pm that this is a burn out job and there is way more than reaches the eye.  Can you fill me in on what it is that you were supposed to do, and how you were compensated?  Thanks so much, R. L.     R. L.
hi there;  Did you apply to TCS? What was your experience?  Did you take a job with them?  I'm supposed to apply tomorrow and am curious what to expect or if I should even follow up....     R.L.
Hi andrew, I've been talking to TCS. What happened? I need to know all I can, so if you have some info I need to know, please let me know! I'm unemployed, and I've got to do something soon! Thanks, Janie janie
I worked there for about 5 weeks. The management was great, the training was very intense, the product is the real thing, the location was beautiful Irvine. The commission structure was good but it is hard to sell their training or anything for that matter over the phone especially when it's $7500.00. People that do well are quickly promoted and some had a knack for this type of sales, most don't. The people who had bought the system that I met and spoke to were very satisfied but you do have to work their program like any business. There was a large turnover because it is telemarketing and not for everyone. Everyone that was hired were seasoned professionals that had been displaced like mortgage bankers, car sales execs etc.. Many that were not used to sitting in a cubicle for 10 hours a day cold calling Realty Trac members. My experience there was good except it was too far from my house, I didn't like the hours and wasn't making enough sales to make it worth my while..Go give it a try...It might be your thing !!! Anonymous
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I have 10 properties on my books that I've got discounted.  I need to unload them.  I was thinking of using TCS, but I don't want to pay the thousands of dallars because I don't know if they'll perform.  If anyone is affiliated with them and would like to help me filter them through to their "Realty Track" investors please contact me.   Andrew. andrew@diamondequitynotes.com

Answered by Andrew Macia


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Andrew - why do you think a service like this will help? Is there some problems with your properties that you can't sell them on the open market? Seems like in most areas you can dump 10 properties within 45 days by pricing aggressively, even in this market. Just curious. Sean
Sean, I want to assign the properties.  I have them under contract.  I'm not going to be purchasing them my self.  If I was purchasing my self I'm sure I wouldn't have ot be on this blog asking about TCS, i'd just hire an agent and list them aggresively.  I don't have that kind of money to be buying 10 properties in Souther California.  I have them under contract and I want to assign the contracts to investors.  I am aquiring more properties and I want to be able to funnel them through to investors.  TCS says that they can be a good source to funnel assumption of contracts, that's what they advertise anyway.  So before I spend $15,000 on their program I need to know that they'll perform. Andrew Macia
If your contracts are good buys and you really have them locked up I'd head down to the auction steps. Usually a handful of pros at the steps with a few mill in their pocket, and usually some less experienced folks hanging around with money as well. No better find for a pro then a good bird dog who gets deals in contract. Sean
Sean,   You're right.  I think i'll have to do that instead of going through TCS.  Thanks. Andrew Macia
Andrew, Did you find someone to "funnel" your properties thru Realty Trak yet?  I was curious what did you mean by "You have them under contract" ?  Are you a real estate agent?  Or are you functioning like a researcher that TCS Foreclosures talks about training?   By what I heard yesterday and today, you can get in for about half the money you talked about.  Maybe it's an end of the year sale.  I think you might just want to talk to them about it and negotiate your entry fee.  They seem very reasonable.   I plan to start with them very soon.  See you out there. Lloyd
Well I have good news everyone.  I have not payed TCS for their services.  Instead I have been negotiating and purchasing short sales with hard money my self.  When I purchase these properties under market value I either sell them quickly, refinance them or use creative financing to sell them.  I also found another company here in Southern Califrnia that will negotiate the short sale and buy the property themselves.  They have many Chinese investors.  When they sell a property to one of their investors I get a referral fee and you don't have to pay anything to send them short sales.      So I've been doing this on my own, and brokering notes, and now I have a loan modification business with a real estate lawyer friend of mine.    I never joined TCS so I don't know if they do what they say they do.  I know that they are affiliated with Realty Track, that's where their "pool of investors" lies.  Realty Track corporate office is here in Irvine.  I visited them and spoke the guy in charge of their relationship with TCS, he was great, he helped me understand that most of the buyers on Realty Track are first time buyers.  So it seems like there is truth to what TCS claims, I just never joined.  If you want to learn how to do short sales I'll show you how.  Why assign the contract for a fee, when you can do the deal your self?   Thank you,   Andrew Macia.   Andrew Macia
How can I get in touch with you so I can find out how you do short sales?  I am interested in doing some of this myself and have some money to invest as needed, I don't  want to use TCS either. Thanks, Jason jlrawlings
Sorry, Andrew,  here is my email if you would like to get in touch with me:  jlrawlings@ckt.net jlrawlings
Hello Andrew, how can i get in touch with you so i can find the money ( hard money) to flip homes also i would like to know how to do short sales it seems like you jvplatinum@gmail.com  jorge
Hello Jorge,   You can cantact me at 949-467-1404.   Andrew Macia
Andrew,  I found you while doing research on TSC Foreclosures.   I am interested in learning short sales.    I live in TN and work full time on afternoon shift. (2-10pm).  I just completed my TN state real estate training and state license exam, and am about to get my license. But, my real desire is to get into real estate investing.    I'd appreciate any advice.  I am also a "Law of Attraction" believer.  Thanks   - Debra J. Debra J.
Hi Debra,   Congrats on your RE license.  Feel free to contact me directly at andrew@diamondequitynotes.com.  Or you can call me at 949-467-1404.    Andrew. Andrew Macia
Mr. Macia: Hello.  I am interested in doing what you are doing with properties.  In fact my business partner and I have three properties under contract in Texas and Nebraska which we want to assign.  Further, two properties have equity ($70k and $40k), so all I want to do is sell the contracts (we already have people who will pay a mortgage via promissory note for these properties).  TCS contacted me yesterday and they want to get me "on board" on Monday.  I read what you said about the investors you are working with.  Please give me some insight. Thanks: Kenneth Daniel SOLAR of El Paso, Inc. 1-888-489-7771 www.solarofelpaso.com   KEN DANIEL
Hello Ken.   TCS investors are looking for properties that they can purchase at 70 cents on the dollar or better after rehab/repair.  Depending on the property, location, etc., they may find an investor who will pay higher than that...good luck.   I've been hearing from TCS for months now that it's a good idea to find your own investors and not rely on TCS investors soley...so, take that for what it's worth.    Belinda, a TCS trainer, just sold a contract to an investor, (not a TCS investor) and supposedly made $20k...good for her, but she works for the company and uses outside investors...go figure. Cibola
Hello Andrew,   I live in Texas, where the foreclosure rate is at an all time high. Properties here can be purchased for pennies on the dollar. If you would be willing to show me how to work short sale properties, I would be willing to pay you a commission for your assistance.   Just today, I ran across a property that is owned by a pro basketball player who is desperate to sell. The property originally was listed for 1.9 million dollars; however today it is going for less than 800 thousand. If this is something that might interest you, please respond via email to fredericksander@aol.com Frederick Sanders
Hi I'm considering TCS but still kind of not sold.You sound like you have a proven technique could give more info on your technique or train me on how to get this done. Willing to pay mojo
We can talk...check out my site. Cibola
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Hi Andrew, I'm a TCS affiliate, and would happily analyze your properties and funnel them through TCS. They are great people, and if the deal makes sence, I'm sure we can work something out. If you are interested, email me: danavalensi@homtail.com

Answered by Dana


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Interested in knowing whether or not TCS is a legit business or simply a boiler room with telemarketing sales folks doing the hard sell on their "short sales training." Any feedback would be greatly appreciated. Thank you.

Answered by Fl-MI Buyer


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I think you nailed it on the head FI-MI Buyer.  Their main business is selling books and cd's.  They make more money selling education, not because their system doesn't work, but because most people that purchase have never had their own business and don't have the work ethic to actually follow through. Andrew Macia
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I have done a lot of research on TCS there are a few negatives but I think it is more over from people think they will make 30k a month. I am new to this an have been studying it for over 6 months now an am just getting ready to buy/turn my 2 house. I have been talking to TCS for over 2 weeks now an reading as much before I invest. Reality is once you know what you are doing an have the money behind you turning 2-3 deals a month you may make around 10k.

Answered by water softeners


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Did you stick with this? What is your experience to date? Alicia
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Has anyone ACTUALLY taken the Short Sale course??? or is currently working the program???  

Answered by Bill D


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Yes, I have taken the course and 2 seperate 3 day boot camps.  I have been working with several realtors and a few homeowners directly.  I've been able to successfully negotiate with a few banks, but when they get back to accepting my offer, the homes values have dropped even further, making my offer higher than any investor would like to spend.   What I've found the most difficult, is finding Realtors who will allow me to negotiate directly with the banks.  Most that I've dealt with don't really know how to put together a complete short sale package, plus they don't have a buyer who can stay around long enough for the bank to accept or counter the offer. Cibola
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I have been with TCS Foreclosures since last year. I have been with 5 other mentor companies. And no one has ever given me more support then TCS Forclosures.  They are my greatest tool in the investment business.  Randy randylough@sbcglobal.nett  

Answered by Randy


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Hi Randy,   How many deals have you closed through TCS? Andrew Macia
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Has anyone tried using TCS in Las Vegas with any success?

Answered by Tim Brown


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     TCS-  If you join RealtyTrac you will be called by  a TCS telemarketer on an automatic dialer.     They have been instructed to offer the TCS "franchise Like opportunity" for $15,000.   Then you will listen to Andrew on a Teleconference call who will offer the same for $10,000, then (currently) $8,000.       You will be asked to make your decision immedialtely or lose the "discount'.      Nobody on the sales floor can tell you that they know anyone who is having success.  Those selling you are also being sold the same product.           If they buy- they no longer can work the phone.      They make every effort to keep internet searches possitive- burying anything negative    Trinity Consuling Service (TCS) is selling this today- maybe selling something else  tommorow.  They are salesmen.    That's it.                     

Answered by JoeThePlumber


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Comment removed due to inappropriate language. Anonymous
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    During the California Gold Rush-the only people that made money were the ones selling picks shovels.                       The same people that sold subprime mortgages are now doing this.         TCS is in Irvine CA.  and It's no coincidence that  Irvine was center of the subprime mortgage industry.     

Answered by Anonymous


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   If you can buy houses for 70% off their CURRENT value,  less costs to cure defects, The system works.         Before paying for a access to a "network"  to unload such items-(which I understand TCS Forclosures is doing)  1st you should try to find them on your own.        I foresee Banks will likely start hanging on to FC's until things turn around.   This will reduce the pobability of negotiating a Short Sale  with them also.               With nothing to list-you will not make money this way.     Who buys something for 10k without knowing exactly what it is?  You have to give the money up before you can find out what TCS can do?             

Answered by Anonymous


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 anyone want to collaborate in the Boston area?

Answered by metrowest


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I am a fellow TCS grad. Did you happen to join the seminar (a pitch really!) for PropStream? It is VERY expensive but an amazing tool. They also talked out using virtual assistants. I have a group overseas that I use. I am looking for a partner to share the PropStream expense with. Thanks, Bill 310 897-1298 WilliamFig
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Is joining TCS as a bird dog a good way to jump start one's real estate investing business? I think once you get the leads, reputation, and hard money network, one could take off on their own?   I understand there are a lot of less expensive ways to learn the method, but TCS is basically selling access to their "investor network"..which may take awhile on one's own to achieve.   What happens when the market goes up? are banks going to be less likely to accept the low ball offers?   I've negotiated a significant discount to join TCS, but still sceptical.   Any insider help would be appreciated.

Answered by CJ


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I took their $7500 class before the October stock market crash.  After you join, you'll hear TCS use the changing environment as an excuse to upsell you.  "What worked a year ago doesn't work now.  You have to keep learning."   I know a guy who made a million last year in short sales (not through TCS and not without prior foreclosure experience) who can't move his inventory now b/c investors don't know what the value of property is now.  The TCS investor network was the big draw for me.  But your properties will matter almost exclusively to the TCS investors that are in your state.  Don't think that b/c you're in a relatively stable market that out-of-towners will take an interest. Also, with the way it's marketed to the investor pool, don't expect investors to see all the work and best arguments you put together to show why the property is a good buy.  (So why not just market it locally to investors on your own?  Search me.) Furthermore, very few network investors are cash investors.  A few investors will show interest, then disappear -- likely unable to get financing.   If bird-dogging is so lucrative, why do they have dozens of workers cold-calling RealtyTrac's registered members -- commission-only?  In order of quality of life, TCS investors are better off than "researchers" (bird dogs) are better off than salesmen.  TCS protects its investors.  At the BiggerPockets real estate site, it's INVESTORS that chime in as to how great TCS is.  Furthermore, TCS tries to upsell bird dogs on PropStream, which bird dogs find gives outdated leads and is mostly a tool for investors to find neighborhoods that have a growing market.  If TCS is so great for bird dogs, why do they need to keep replenishing their ranks with such a huge sales force?  And if you think you won't have competition, think again.  The rate of people entering the short sale and loan mod industry is very high.  The barrier of entry is very low and groups like TCS are luring people in with promises of easy money.  Furthermore, out-of-work realtors and mortgage brokers are better positioned than most to do this, and still struggle to make a single short sale.  So naturally your competition will be huge.  And don't be surprised if you get fed up with attempting short sales and switch over (buy into) TCS's loan mod program -- and get nowhere with that too (nobody will do a loan mod with TCS for $3500 when they can get it done for $2k with anyone listing on Craigslist or found on Google).  And if the TCS salesman tells you 40% of students complete their first short sale deal before the 8-week course is done, don't believe it.  It takes a month (and 500 letters; more, if you're using outdated RealtyTrac data) to find a homeowner who will sign a contract, then a month to get all the paperwork needed from them.  Then there's the review period with the gatekeepers of the investor network, then a week of marketing to the small group of investors who paid $10k (TCS makes a lot of money in up-front costs) for first-crack.  Bringing investors properties that are 70% of market is no guarantee that any investor will talk to you about it.  This may have worked a year ago, but not now.  It may work again in a year, once investors are confident the bottom has been hit.  But I couldn't get rid of a short sale that was half its purchase price a year before.  I read yesterday of one home that sold for $1M in early '06 in Fla. that is now a short sale for $175k.  With these decreases, have fun trying to sell your short sale contract to an investor who wants to resell.   And good luck using the TCS approach of working with realtors to get away from having to do letters.  I got a half-hour lecture from a realtor why they won't funnel short sales to bird dogs who assign contracts, from protection of their 6% commission from being chopped down to 4% during lender negotiations to protecting their license from not serving their client to realtor unwillingness to work with a contract that says "assigns" to requirement of multiple thousand-dollar deposits.  If I'd know that reasonable response rates of letters is 2% and reasonable conversion rates of respondants is 5% (not my numbers; got these from a real estate marketer with much short sale experience; I'm finding it's true), I wouldn't have gotten into this.   If you still want to do this, there are other training courses that do this for much less (b/c they don't promise access to an investor network).  They're sold on eBay for far more affordable cost.  I heard of one short sale course in Florida for $500.  One guy where I live gives seminars in the NE and on the west coast -- but he doesn't tell anyone that, since otherwise people will realize how hard even the seminar leaders have to work to make money at this.  These lecturers are everywhere, so don't think there's a rush to join TCS's webinars.   And if you miss the start of one class, no worries: they're starting a new one every 4 weeks.  That should tell you something about the rate at which people drop out of their program, and how much competition you'll have, and how much the teachers would prefer to bring in more students than to do the bird dogging themselves.  One week they say they need you in your state to penetrate that market b/c they can't do it on their own from a distance.  The next week, they're trying to sell you a $2k software packet that you'll need to penetrate out-of-state markets.  So "researchers" need to expand their radius beyond their state, and can do it, but they can't?...  The contradictions just makes your head explode.   Oh, and if you can get someone to answer your call or message on the fifth try, consider yourself lucky.  I don't know if they're understaffed, always in meetings, or what, but TCS's support is really weak.  I have to second what Cibola said.  What he's saying means, don't be surprised if you don't break even in 6 months.  Read more here about a drinking problem and low morale at the company: http://forum.brokeroutpost.com/loans/forum/2/217338.htm   One argument they use to lure in bird dogs is, If we didn't come through, the teleconferences would be pandimonium.  Well, short sales take a long time to do, and nodoby's going to say boo b/c they're still waiting to find out whether it works or not.  Six months in, bird doggers get up the nerve to criticize during the training calls.  But even the training calls are self-selecting: if you think it's a wash, how diligent will you be about calling in to an hour-long training session that you think is a waste of time?   Some of you may think, it just takes one short sale to break even.  Well, yeah, but meanwhile you spend hundreds on postages sending out thousands of letters to get one willing homeowner for a short sale the lender may or may not agree to, even after months.  Then you have to find a buyer of your contract.  I know one guy who secured 30 short sale contracts in his first year (back when there was much less competition, and he was working the Hispanic market), but didn't do one single short sale, b/c he was weak on the investor side.  Many people aren't able to break even b/c after months of paying for postage, and incorporating costs, and for being drawn into upselling, they've run out of money.  I've come across three such examples within a mile of where I live, so I know it's not uncommon.   (I know one person who's dropped $40k on education, marketing, deposits, etc. and has yet to secure a short sale, never mind bring in an investor to close the deal.  She's unusually bad at business decisions though.  I'm just saying that there are plenty of educators, marketers, etc. who will give you opporutnities to pay them money, if you have the money to cough up.)

Answered by Anonymous


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Thank you CJ.   Finally someone who has a straight answer.  You don't need to spend $10,000 on a course to learn this stuff.  Throw a rock and you'll find a foreclosure in your neighborhood.  Take a real estate attorney out to lunch.  Short Sales and loan modifications will be falling by the way side soon, we all just have to adapt.  We just have to understand that there is no easy way to make money in real estate.  Never was,  Never will be. 

Answered by Andrew Macia


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Hail from South Carolina! Robin Castin will not leave me alone!  Why do they think,  just because I sell the heck out of SC,  I will have time to do this too!   Short Sales Suck!!!!  Way Too Much Time on Hold Waiting for Another Assest Manager.    Have any of you heard of  Ameraco?   Cheap!  I do not think they are service minded,  books sent out and you are in the Investor River.   Please All Investors Email Me I will get Licensed IN your State,  I am Praying For An Investor River!!!! Check out FINDITANDFUNDIT>COM    Robin and I have talked,  just about everyday soooo.... Let know what is the cheapest I can get TCS for!  You Know ...Just In Case I Win the Lottery.-----Diane

Answered by SC Real Estate Marketing Specialist


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Wow!   That was one hell of a post!   Maybe you need a cocktail after that....maybe a few.   Good luck.   There is money to be made in RE right now.  This deal didn't work out after a couple of months and the guy is riping everything he can think of...   Grab that cocktail and figure it out...once again,  there are ways to make money in this RE market. 

Answered by Anonymous


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Thanks to Anonymous for his detailed experiences dealing with TCS. Robin Castin has been hounding me lately too. I brushed them off last year as an investor, but thought I might consider "researching". Obviously many many obstacles to achieving success this way...Also subscribed to TCS data for about 6 months. Not once did anyone ever call me back on an enquiry I made on listed foreclsures. I really question how current the data is...

Answered by Anonymous


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This wasn't my experiance.  I must say, although I didn't close anything yet, one is days of closing, tcs was great help in the process.  Any info I need they always respond.  Also, I asked to be on the investor side, and everytime I got a property and called Theados, he always replied.  I think it's about time you guys will see what you can do for yourself, not what other's can do for you...... TCS is there to assist you, but can't do the work for you, only you can. ...... good luck Anonymous
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Hello, I had signed up with TCS foreclosures on March 2008.  I invested $7800.00, but I never invested time with the program.  I am looking for a partner who can work with me.  I will provide the capital, and my partner will do the work.  Are there any interested parties out there?  Please contact me at jjbartolo@aol.com

Answered by JoeMoney


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TCS teaches you how to become what they call a "researcher".  As a researcher you'll go out and find distressed homeowners in foreclosure or pre-foreclosure.  You'll convince the homeowner that you're going to help them get out of this mess by purchasing their property.  You'll then proceed to negotiate with their bank for a short pay off of their loan.  Once you have negotiated a discount of about 30% percent you will submit the information to TCS so that they can shop the contract around in their "investor pool".  Once an investor is interested you'll make money by marking up the negotiated price a few percentage points and more then likely get paid out through escrow.    This is not a complicated strategy, but it's just one.  If you're looking to become an investor and have the money, then you probably don't want to learn how to be a researcher.  You probably want to learn about how hard money or private money works, how a joint venture works, how tenants in common work...etc.  I'm putting this information out here because I have done extensive research on many real estate investing programs, I have perchased many and I am a real estate investor, and yes I have brokered contracts before, and would gladly do it again.  This is not a real estate investing program, it's a program on how to aquire properties and assign the contrcat.  It's not a bad program, but it might not be for everyone. 

Answered by Andrew Macia


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tcs looks bed and smales bed dont give them your monney

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Hello, I have read all the pros and cons about tcs and i just got a call from them today. I'm suppose to listen to a conference call. I was told that for 2K i could start right away making money. If it is that easy then why i am i paying you 2k that i could put down on my own home. I really want to get into short sales. Could some one please explain to me how it works and what i need to do to get started? You can contact me at aasawyer@tx.rr.com  Thank you for your time.

Answered by BBgirl


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     I worked there for one month-.  I watched them go through every laid off car sales person and loan officer in So Cal.    Every warm lead I dug up got snatched up by someone else and I never got a dime for all those hours of pushing that "next call" button.       After watching another of Andrew's mid day pep talk and that piece of white spit stretching up and down on the corner of his mouth- followed by that tight jean wearing jock Patrick blabering away the Koolaid wore off and I quit.      I don't know what I was selling- but was trained and re trained & told not to say something I was told to say the day before.       All I can say is there is a sucker born every minute and they will be in biz a long time Or until they get sued for not paying minimum wage or for Wire fraud- or ?

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TCS-  THERE ARE NO WORDS TO DISCRIBE HOW TAKEN ADVANTAGE OF AND MIS REPRESENTED BY TCS OTHER THAN TO SAY I WOULD NEVER GO NEAR THIS "COMPANY", ANDREW WARDIEN SHOULD BE ARRESTED AS WELL AS PATRIC GROM, I AM CURRENTLY IN CONTACT WITH THE IRVINE DISTRICT ATTORNEY"S OFFICE AND WOULD NOTHING BETTER THAN TO SEE ALL OF THIER SCAMS STOPPED AND RE-FUNDS BE MADE----I WON"T HOLD MY BREATH ON THAT ONE---TO SEE THEM BEHIND BARS!!!!!!

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I'll keep an eye out on this post for a class action lawsuit.  I'm sure you will have plenty of support including my own. golfguy650
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This company makes all kinds of promisess and they don't deliver.  As a matter of fact, they outright lied to me.  I wouldn't be surprised if most of the positive comments posted on this site are by TCS themselves.  I don't believe they have very many investors and they do tell you to look for your own.    A very strong "buyer beware" from someone who fell for their pitch and who has been an entrepreneur, and involved with real estate, all of my life.  There are so many other programs out there, just do some research.   Consider this ... I have nothing to gain from posting this - I've already lost my money.

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If you ever signed up with RealtyTrac you will get a sales call from TCS because they are partners.   I fell for their telephone pitch on how to make big money in REOs and Short Sales.   They charged me $7500.  What I found out after spending over a $1000 in postage and letters, that your entire success depends on distressed homeowners responding to your marketing efforts.   I got less than 1% return rate on direct mail and those who did respond thought I was a scam artist because the TCS way is to ask for money upfront from homeowners which is exactly what the media is telling people not to do.   I filed a complaint with the BBB.   My initial gut check was correct....  "If it's too good to be true then it probably isn't."   

Answered by golfguy650


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My experience with tcs was totally different. First, they always told us not to take money up front, and that it is illegal to take money from distressed homeowners. They said upfront that direct mail has a very low return, so send a lot.  And they said that the best way to get leads is through relationships with real estate agents. From my experience, it all depends on how you are self driven, and willing to learn.  I called some agents which thought I was scam, but then I asked TCS what I was doing wrong, and what exactly should I say, and I became better and better.  It all takes practice and time. Bellow is my first success story that I just shared with TCS  “I wanted to share my success story about a Townhouse in North Hollywood.  Due to the great coaching, and teaching of TCS I was able to negotiate the townhouse to $119k + closing costs (total was about $128k) Originally I was planning to assign it, and we got 2 cash offers for $139k, 3 (financing) offers for $165k, and one offer for $185.  My partner and a family member decided to buy the property, and now it is rented for $1350. After HOA dues, Insurance, and property tax they are making about 8.5% return.  I consider this a great success especially since I did TONS of mistakes which cost me a lot of money. Next time, it will be even better.  Thank you TCS for your support and knowledge.” For me, the $7,500 was well worth it, even though I had challenges and mistakes.     Dana Valensi
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Hello my name is Patrick Grom, Director of Training with TCS Foreclosures.  I am making this post in response to some of the comments on this forum about TCS and myself.   We have been in business over 8 years.  I ask anybody that has a question or a problem about TCS feel free to contact me at coach@tcsforeclosures.com or call my office.    As for the response to some of the posts, that I don't think deserve much attention, but I will defend myself.  First for the former employee that says that kool aid wore off and my Tight Jeans, First we have a professional enviroment that means slacks and ties, and I almost always I wear a suit.  I am sorry that the job did not work for you, and wish you the best of luck.  Sometimes people are looking for jobs for a reason.   2nd and more important the poster golfguy650 and when you click his name he says his name is Rick Smith.  First Rick Smith I do not have a client with the name Rick Smith or Richard Smith.  So either not using your real name or not really a client of TCS.  I would go with the second since your posts are not close to our business.  We do not do anything really with REOs unless my client is looking to purchase the property themselves.  You don't need much training with REOs.  Secondly we never charge or ask a homeowner for money just like one of my newer clients posted after that post.  In fact all my sample letters say "Free consultation, or "We will never charge you a dime for our services".  Obviously you never used my sample letters (which sounds like you are not a client again).  If you happen to be a client once again feel free to contact me.  Also what else have you done for lead generation, like referrals.  How did the 10 or more responses you got from your mailing go.    Then there are other posts made by annonymous posters, which is always strange.  We have no legal matters against TCS, the District Attorney is not looking into our business.  Not sure why people would make up such claims but in this business nothing really suprises me.  If the annonymous posters would like to use there real names and site specific problems (I don't see any posts that state a specific problem they had with TCS or myself).    If you would like proof I would be more than happy to send anybody acceptance letters from banks to show not only do I teach short sales but I do them also.     You can learn this business on your own or you can get help on learning this business.  I respect everybody that posts concearns or legitimate questions and I would be more than happy to address them personally.  I have nothing to hide, in fact I encourage you to see our office and meet me personally.    I hope everybody has great success in this business.   Patrick Grom

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