Cash Finder System starts out by stating that it offers work from home opportunities for people interested in becoming “Professional Finders.” As a finder, you can be paid big fees of $5,000, $10,000, or $15,000. One example mentions making $5,420.58 for just “a couple hours of work.”
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The usual eyebrow-raising claims are made, including the following:
- There’s very little work required.
- You don’t need any kind of training or education.
- The checks are delivered right to your door.
- You can work from home.
- You don’t need to create a new product.
- You don’t need to sell anything.
What are professional finders?
The first clue you get is the following:
The second clue states that all you’ll need are “a telephone and access to the Internet.”
Finally, about a third of the way down the sales page, the professional finder is defined as follows:
Lee Gilmore is introduced as one such finder.
Apparently, in the case of Cash Finder System, you’ll become a real estate finder.
Here’s Lee, by the way, who gives you a summary of the vast amounts of money you stand to earn by finding real estate for buyers. The video cuts off midstream, but you hear enough of his message to know that being a real estate finder is the ticket to big bucks and little work.
Lee then encourages you to purchase his Cash Finder System so that you can get trained to become a real estate finder.
The Cash Finder System offers the following items:
- Self-paced training videos and their transcripts.
- Resource center with tools to help you find real estate in your own geographic area.
- Pre-generated scripts, postcards, and an amazing “one page letter” that generates leads.
- Information on when to present investors-buyers with your real estate finds.
Lee assures you that you need no specialized training to become a real estate finder. You don’t even need a realtor’s license.
Sounds good so far…
How much does Cash Finder System cost?
It costs $99 to purchase Cash Finder System; however, if you are one of the first 50 persons to purchase the system, you get your membership fee back. How do you get your money back?
Lee says that once you close on your first real estate assignment, you need to take a picture of yourself holding your finder’s check and send that photo to him. He’ll then reimburse your membership costs.
Does Cash Finder System work as advertised?
Real estate finders, also often called property locators, do exist. It’s also possible to make money as a real estate finder/property locator. However, it’s not quite as easy as advertised. Here are some reasons why.
You’ll face competition.
At least 75% of realtors are also in the business of being real estate finders. In fact, it’s their job. If a realtor beats you to the punch and finds a good property to sell to his buyer, you won’t be seeing your finder’s fee.
Realtors have more experience and more training than a “regular” person at finding and assessing properties. They also have access to a wide network of other realtors and realty companies that you don’t.
You will be travelling.
Many real estate finders scope out foreclosed properties or properties about to be foreclosed upon and approach the current owners about selling beforehand. If you have a thick skin and don’t mind being viewed as a vulcher, then being a real estate finder could be a good fit for you.
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However, you better not mind hearing ‘no’ again and again. Also, unlike what Lee promises in his sales videos and page, you will indeed be getting in your car and traveling to real estate locations. You will also be selling- as in, you’ll be selling the idea of selling to various homeowners who are behind on their mortgages.
You need rehab expertise.
If you are a building contractor or builder, you have much of the needed expertise already in place to quickly assess how much a property will cost to fix up and sell at profit. If you don’t have much experience as a contractor and/or have never rehabbed a property, you’re going to be in for a sharp learning curve.
Can you spot an undervalued home that would make a 50% or higher return on investment following a few inexpensive updates? This is, in essence, what many of your investors-buyers will want to know from you.
This isn’t for newbies.
Don’t expect to get investors-buyers lining up to work with you by simply sending out a few postcards and sales letters, like Lee claims.
You’ll need to get on the ground floor and rub shoulders with contractors, auction agents, and real estate brokers. You’ll need to physically attend real estate auctions because, by the time a property is listed online, it’s already spoken for by another realtor or property finder.
You’ll need to learn the legal ramifications of finding a house that is behind on tax payments, or has expensive update clauses (e.g., connection to city water) as conditions of its sale.
Should you pass on Cash Finder System?
While the Cash Finder System proposes a legitimate career opportunity, it vastly underestimates the amount of time and effort you’ll need to invest in order to make this career pay off for you.
Unless you’re prepared to go “all in” with becoming a real estate finder and traveling to various properties and investment possibilities, you won’t discover many hidden gems by just working from home. Likewise, you’ll need to sell your realty proposals to both your investors-buyers and to current homeowners.
Send me my $99.00 back i never got a called
I do not know who is monitoring this site but I need help. I ordered the initial program for my fiance on 6/17/2017, I then was watching the additional video for the Vacant house listing program and when I found that Cash Finder Systems wanted $495.00 for the additional program I closed the screen.
I DID NOT AUTHORIZE CASH FINDER SYSTEMS TO CHARGE MY DEBIT CARD $495.00.
But they took it anyways. I am too be married in 11 days and we are paying for the wedding completely and entirely on our own and they stole my money. When I called about 20 minutes ago I spoke with a woman named Anna and she kept putting me on hold and told me that her supervisor and manager were both on break and that I would have to wait 3-5 days to have my money returned. I am on the phone with my banks fraud department right now and filed a dispute, I will next be calling my bank, an then the Humboldt County Sheriffs Department website for internet theft and fraud, and then the Better Business Bureau.
That they have stolen my cash from me is evil, but to add insult to the injury, we are getting married in 11 days and that money is needed for the wedding, a we are paying for everything on our own, we were already working on a “Frayed Shoe String Budget” No we have NO BUDGET because they stole from us
I need help- they obviously intend to keep my money as they are refusing to immediately return it.
I ordered system and they took the 495 also… I need a refund… they also wanted me to choose to be helped by there people and went through a rigorous interview…. did not make it…. they just took my money too….
Every business takes time, and hard work. I’m a wholesaler, and just finally seeing success. I could’ve quit thousands of times because of back stabbers, and because it was stressful….or i lost some money, but I’m not a quitter. That’s what separates successful people from regular 9 you 5 people. You gotta put in the hard work, and sweat, and bleed…..or you will never become rich. Too many people join these programs thinking they won’t have to do shit, and get paid. Nope…. not gonna happen.
Please cancel my order and send me a refund. Thanks…
Hi john did you ever get your money back??
I just need my money back thank you
I received a solicitation in the mail for this. While the video was playing, I searched Lee Gilmore, there at the bottom of the first page was this website…glad I found it. Thanks for this information…I lost a bundle in the real estate wholesaling game because it ISN’T as easy as they ALL say it is; this really is a dog eat dog business. Every thing you say here is true, it’s difficult and people do go behind your back and leave you in the dust, without batting any eye and with no conscience either. You may lose sleep but they sure don’t. Thanks again, Steve.
Steve, I can’t thank you enough for taking the time and effort to care about less savvy opportunity seekers. Our need for you and others like you cannot be overstated, so please keep up the grrrreattt work!!!!
I knew there was way more leg work necessary than met the eye on Mr. Lee Gilmore’s free flowing diareah of the mouth. For one……yiu WILL NEED to BE extremely involved with the outside real estate investors….to beat them to the best deals. You need to know about real estate in general and what the average homes should run in a particular area or development…association fees etc….lest you find youreself selling a sidewalk or quicksand in tge desert. A bunch of nothing for $99 ……once again a wolf in sheeps clothing….but then again, waybe it is a wool suit he IS wearing.
How do you get your money back?
Those who are smart will use the program for their own use. So what, its $99, every other real estate program out there is hundreds, even thousands of dollars. Use the program for your own benefit. Also, if you are getting Lee good leads, I’m pretty sure he’s going to pay you. Its business….. he is not going to take the chance of losing someone getting him good leads for a little money. That’s actually throwing money away. He’s going to keep you and hope you continue getting him good leads. You will get paid. Nobody works for free…. $99 isn’t anything to cry about. America is a capitalist country…. there’s money for everyone, but you gotta pay the price, take your chances, and bust your ass. Then you will experience success. Too many people here complaining because they paid and are not rich yet. Lol…. come on now.
First, Lee Gilmore has no affiliation with the so called Secret Wealth Society, He does not even know where to find them. Should I say that was a lie!
If it’s such a good deal tell us up front what properties you are looking for, what per-cent to value and we’ll find them for them. But, what prevents them from telling us that the property didn’t qualify and circumvent us without knowing it? Something smells in this organization. By the way why a disclaimer if it’s such a good deal? Tell us the variables up-front. Personally, it’s all BS!
question so we are not realtors but we do have to fine properties that are selliable for a realtor and that is how we get paid also is there a list in our area or we could look aware, i’m just making sure this is not another scam
Its not another scam, but by reading what you just wrote, you have NO CLUE what’s going on. You are not looking for properties for realtors. Its for cash buying investors. Hopefully you do a little research before you pay for any programs….PEOPLE, GET OFF FACEBOOK, AND USE YOUR COMPUTER TO BETTER YOUR LIFE!!!! ITS THE YEAR 2017….THERES SO MUCH INFORMATION ONLINE. LOG ONTO YOUTUBE, AND SEARCH FOR REAL ESTATE INVESTING…..3 months and you will know everything you need to know to start.
I signed with Lee Gilmore but tonight saw your story. Makes sense