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Real Estate Gurus
The late Ernie Kessler was a big foreclosures guru in the 1980s. The Washington Post used to call him "The King of Foreclosures", and he often appeared on CNBC's "Smart Money". He also ran a real estate club and hosted the Washington Post’s foreclosure conference.
At one time, Ernie Kessler was the single biggest buyer of foreclosures in the Washington DC Baltimore area. He also reputedly earned millions of dollars from his real estate boot camps, seminars, workshops and home study courses. Ernie Kessler died of a heart attack at his home in 2003.
You can still buy Ernie Kessler’s courses. They include “Making Money with Mortgages” and “Advanced Secretes of Mortgage Profits”, both $600. He produced several how-to courses on foreclosures such as “Goldmining With Foreclosures” and “12 Foolproof Secrets of Foreclosure Profits”, which retail at about $250.
A lot of people have good things to say about the content of Ernie Kessler’s courses and his helpful attitude towards investors. The only gripes I’ve heard about him concern delays in answering his mail and phone calls. But when it comes to using his advice in the future, you have to bear in mind that Ernie was big in foreclosures back in the 1980s, when there wasn’t so much competition. Now, everyone’s chasing foreclosures. What might have worked for Ernie Kessler in his heyday isn’t necessarily going to make big bucks for you today.
There very few things around today that will allow the average person to really get rich. Real Estate is one of those things. In case you didn't know it there have been more millionaires created because of real estate than any other business.
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