Is there a Scott Rowe real estate scam or not? Just because something is an MLM or uses some ‘creative' marketing strategies does not make it a scam. A scam, as defined by the Oxford standard dictionary is a “dishonest scheme; a fraud”. So let's investigate both the dishonest party and the fraud part of what people are calling the Scott Rowe Real Estate Scam.
Simply said Scott Rowe works in conjunction with Renatus. What is Renatus? It's what's left after the fall of Nouvea Riche (a MLM real estate education company, which had a rather high turn over rate, rather high complaint rate and lots of other issues that attributed to it's demise). I've previously written about Renatus and one of it's top members here when I went to several of their local chapter meetings: Honest, 1st Hand Experience Review Of Renatus & Real Estate Mastery Mentors Meetup.com Group Hosted By Bob Tierney.
Bob Tierney is a senior member of Renatus and works closely with Bob Synder (former co-owner of Nouvea Riche who jumped ship as it was sinking) who is the CEO of Renatus. They both also work with Scott Rowe who is another top/senior member. Bob Tierney, at least back when I met with all three, seemed to be a bigger player than Scott and more group oriented (and a rather nice guy) while Scott seemed more of the bring in sales type of guy.
So is there some conspiracy or a Scott Rowe real estate scam? The simple answer is: no. The long answer is: “no but …..”.
Let's first, and quickly, go over Renatus:
- No matter what anyone says: It IS a company who sells their product through MLM only.
- The training you can get from the products is on par with pretty much any other real estate training product. Translation: it's nothing special.
- You can get the same quality information (or better) else where and possibly for free through: blogs, podcasts, youtube, real estate & entrepreneurship forums.
- The big benefit of Renatus is not their product (in my opinion): it is the network you can get access to. There are a good number of people there who are also there to make real estate deals, and some people there who can invest in your deals. You CAN find some extremely good deals and partnerships there. I've seen it happen many times (while there).
- Renatus is made by the same guy who ran Nouvea Riche.
- In a well run Renatus chapter you will find some very darn good people to network with and learn from.
- This really is a big important thing to know: You will get out of it what you put into it! I don't mean money, I mean effort and energy. If you network, connect with people and actually take the training to heart you will have a good chance of making money.
This is cheesy but let me repeat:
It's very possible to earn money with/through Renatus though you will have to put a lot of effort into it.
Most people don't take the time nor effort to make programs like that work. Now, this brings us to the Scott Rowe real estate scam topic. Scott Rowe is just like any other MLM member in the group except that he's done rather well for himself and he's employed some rather interesting strategies.
One very controversial campaign was his FreeLambo.com. His pitch is, more or less, that you can get a ‘free' Lamborghini if you get through his stuff. If I remember correctly I think he still offers you a free ride in one of his, though I don't know if he still does that.
The controversial part is that no, you won't really get a free Lamborghini: you'll have to earn it by signing up people like he did and have them earn the money for you (MLM) and thus you get ‘free' money to pay for your ‘free' Lambo.
While I don't agree with the campaign it is effective and going through there stuff it is possible to sign up enough people under you to fund your new ‘free' lambo, but as with most people: MLM just doesn't work for them.
Scott Rowe as a person, as far as I've known him (which isn't that much so take this with a grain of salt), seems like a nice guy though he is very sales oriented. He is also a bit more pushy on his sales and more forward about though kinds of things. Some people (like me) are rather put off by that. Maybe he's changed since the last time I met him … *shrug*.
Though is there a Scott Rowe real estate scam? No. But it is an MLM scheme through and through and it does have a pretty decent group of people attached to it that you can network with. If you learn from their training material it is possible to get rich with real estate. Though their meeting mostly focus on the MLM part … though they'll never ever admit it's MLM.
I've made good money with real estate so it's very much so possible, though I didn't use the Renatus stuff: I learned from my parents and material from libraries and the internet.
Some people had different experiences, so take a read on some of these other sites about what others have said:
http://www.indeed.com/forum/cmp/Foozy-Investments/Foozy-Investments-Salaries-Bonuses-Benefits/t11318