I am a real estate professional and have been facing a lot of troubles in to get investors for my business which I was looking to scale for a long time. After I checked Dave Dubeau’s free book on real estate investing, I could not stop myself. The book is for free. So, I downloaded it right away. What’s wrong in getting the knowledge that is coming for free.
The book has some basic knowledge. Later, I checked the website and he was offering a course on real estate. The course said that I would not have to worry about the payment and can make the payment after the course is completed in a month.
That was again an opportunity worth trying. So, I enrolled for the course. When you try to enrol for the course, Dave asks for a personal interview and tells you if the course is for you or not. According to him, only one in three people are selected. However, all these are complete lie. Dave is a liar. His scam is not limited to selling worthless books but it stretches far beyond.
In his course, he taught me nothing about getting investors. But, it was more about getting leads. He taught me for a month, no doubt. But there was nothing that was special about the course. He talked very less about the real estate business.
He also said that one has to lie about numbers to the investors for getting the funding. It was a huge red flag. I do not like lying and this guy was telling me to do the same thing. However, I completed the course and I paid him in full. I paid him $5000 which was way more than the knowledge he shared with me.
Again, after a week, Dave called me and said that he has few properties and he could help me create a great portfolio if I invest in those properties. He said that it would look good on my profile and would certainly impress my investors. To this, I was all ears.
I received an email from him right away. In that email, there were three properties listed and he had asked me to invest in any one of them with $30,000. I called him and told him that it was too fast and expensive investment too.
Listening to this, Dave told me that I need this investment and should trust him as he trusted me with his course. That was the catch. I invested right away. After a week, when I tried to contact him, I could not find any number that was working. He had blocked me from everywhere. I was not able to chat with him.
There was nothing I was able to do. This guy had run away with my savings and I could not realize it until after a week that he was gone. This guy is a scammer. His advices and podcasts are nothing but a lure for people to get trapped in his scam.