Carlton Sheets

Is Carlton Sheets No Money Down Real Estate Course a Scam?

Carlton Sheets has grown to be an infamous late night real estate infomercial guru. He focuses the majority of his courses on no money down real estate. For the past 20 years Carlton Sheets has claimed that he can teach anyone how to buy and sell property using this strategy.

The majority of people that hear about his course do so either through the web or as a result of the convincing TV promotions. Throughout the years Sheets has generated an enormous amount of profit from marketing his system. As is the case with most gurus it's suspected that Carlton Sheets makes his income from selling products and not from following the strategies he preaches.

The latest gimmick to come from Carlton Sheets is his no down payment program. He sells this for only $9.95 which definitely sparked my interest. I quickly realized that it’s priced this low because it’s part of an elaborate up sell strategy.

The ten dollars buys you a 30 day trail period of Carlton Sheets full course. At the end of that time frame if you have not returned the course they will proceed to bill you 3 payments of $70. There are several complications with this method, first of 30 days is not enough time for anyone to get through all the material he sends, let alone see if his methods actually work.

Secondly, his organization has strict rules for shipping procedures when returning the product. Many times folks will proceed to get charged the full amount on account of violating some minor shipping technicality.

Moreover, Carlton Sheets' course has changed very little since he began selling it years ago. Most of the material in it has become common knowledge by now and can be found on the net for free.

The point is that Carlton Sheets’ theories are not new and people know about them. The reason that everyone doesn’t buy their homes no money down is not because they don’t know about the method it’s because it is a very difficult strategy to pull of.

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Customer Reviews for 'Carlton Sheets'

Comments to date: 4. Page 1 of 1. Average Rating:

Robert Phillips Harrisburg	8:02am on Wednesday, July 22nd, 2009
I even saw the tv at night when he was on I thought he was 4 real but in the long run hes fake I bought the same program and plus went on to the coaching program to better myself and career I only learned about reo but other then that the coaching I paid $2000 for it which I sold my new car for the $2000 because I thought I could get my money back from real estate not so to me yes he is fake he should give everyone who didn't like it and didn't grow from it there money back but I think he is too much in love with himself to do that thank you everyone and god bless
Bob Davis Liberal Kansas	6:45pm on Monday, May 18th, 2009
I bought this course years ago 30 day money back free no exceptions.......However after 30 days my money was not refunded and when I called to inquire why it had not I was told the never received the return....I had called and gotten the return number and everything but I did not require someone to sign when returned and that gave the Carlton Cheats Company an out....OK so you got to cheat me out of $300.00 I did learn something from this Carlton Cheats anyone he can that is how he makes his money!
Nick Bert Irrelevant	3:08pm on Tuesday, April 21st, 2009
I just felt morally obligated to speak up here. My dad bought his course when I was 18, and I looked through it. I then purchased my first home with no money down, and even received $1000 cash back at closing that I used to buy new carpet before we moved in. Before you listen to these naysayers please realize that what they are saying is that THEY couldn’t do it. It does not mean you can’t.
V. OLIVER GRAND BAY, AL.	2:36am on Wednesday, March 19th, 2008
I spent three thousand dollars on his course four years ago. It took about four days to realize that the course was anything but No Money Down. The staff for Carlton began asking me about credit cards, savings, lines of credit and even if there are relatives or friends you can borrow money from to float a "No Money Down" buy. Along with the materials and the phone interviews, it gelled that there is no "No Money Down" strategy, it just appears that way. I purchased this course when I lived in Florida well before the market fell. When you factor servicing the debt, monthly insurance (before the insurance companies saw their oportunity to screw the hell out of the home owners after Katrina), property taxes and maintenance cost, there is no way to buy a positive cash flow house. Real estate had gone through the roof, but Carlton glosses over that and says that if you're not making a profit from the start, you don't know what you are doing. I grew up in Florida and remember the cost of real estate in the Seventies, when Carlton began his real estate investing. You could make a positive cash flow from properties then, but in 2004, no way. Real estate increased in value from the Seventies ten fold; incomes increased five fold. Florida is the land of low paying jobs; always has been and always will be I suppose. In short- do not throw your money away and if you must, send it to me.