Alex　Yoshidaサイト-John　T.　Reedについて。

John　T.　Reeｄについて

時々、米国の不動産投資に関して調べている人から、「John　T.　Reed（http://www.johntreed.com/）の書いていることについて、どう思うか」と聞かれます。creonline.comのディスカッション・フォーラムに掲載された以下の投稿が、彼のサイトを読んだ後の判断に参考になると思います。これらの投稿は、時間が経つとそれぞれのサイトで探しにくくなりますので、ここに転載します。

I can safely say that almost all of us here have
read Mr.Reed's comments on his web. But just look
at how many people still doing this stuff and how
many of them still make money. So I guess it's up
to you if you want to take his view seriously or not.
This business is not for everyone.

My take on that is always remember to make it a win
win situation. You happy, Seller happy, Buyer happy
everybody is happy and nothing wrong is gonna happen
to you, but becoming wealthy.

You can learn a lot from John Reed. He does not like a lot of the techniques used by regulars on this board. Mainly from a standpoint of ethical treatment of people with whom the investors deal. There are many people who post on this board who have very different ethical standards than John does. I'd suggest that you read his discussion about "suitability" and similar topics to see how you stand on the ethics issues. In general there are a lot of people, not just real estate investors, who find that making lots of money makes ethical considerations unimportant to them.

I'd recommend the following about reading John. His books are excellent. However, the no money down book is very incomplete because he leaves out investing approaches that he does not like, notably partnerships. Some of this books are in the top 5 of real estate investing, in my opinion.

His free articles on his website are a wonderful contribution to your learning. He is smart and what he says sure sounds real to me. He has little patience with fools and the gullible. He forthrightly says people are stupid to believe a lot of the "Stupid Guru Tricks." And it is hard to disagree with him. But he is not a sweet-talking gentle man on those he dislikes. A little arrogance will go a long way. And he has more than a little.

His guru rating material is generally sound. However, he tends to put up negative ratings on some people without much information or investigation. You can usually tell that by what he says he considered when giving his ratings. When he is positive about somebody you can rely on him. Many of the negative ratings are well-deserved. But, a few are probably not too accurate.

His recommended investing approaches tend to be "conserative." They do work, just not to create fast fortunes.

In Reply to: Re: john t reed posted by Ronald * Starr(in No CA) on May 16, 2003 at 15:45:18:

You take me too literally. When I say he never made any money I don't mean he never made even one dollar. I mean he got into real estate investing, persisted for a few years, then lost his properties.

By his own admission he lost out on those Texas deals and never got back in the game again.

To me this does not make him a successful real estate investor. If I wanted to be cruel, and apply the same standards he does to others, I would say it made him a failure.

But since I am not that strict or that mean I will only say he is a bit of a hypocrite.

I agree with what you say, except for: "By the way Reed never made any money in real estate either though at least he tried." He had positive cash flow properties until about the very end. He bought in Texas just before the oil-patch crash of the mid-1980s. When his two apartment houses were worth less than the loans and he had negative cash flow, he deeded them back to the lenders. So, he didn't go bust himself. Just got out of property investing.

I suspect he could be real estate wealthy if he had just held on through another three or four years of hard times. Or, if he had gone in after the bottom and bought more TX properties. But, he didn't.

I suspect part of the negativity is a reaction to the pain of having to go through what he did with his investing. Part of is that there are so many frauds who peddle nonsense and trash to would-be real estate investors. Many of those he lables as "don't recommend" are deserving of that, in my opinion.

I like Reed's stuff and think well of him. However, he tends to be TOO negative. This may be just a reaction to all the Rah Rah Blah Blah from the late nite gurus' ads. But he does tend to run people down without giving them a fair chance, and to always take the negative side.

For example. Read his comments on how lousy the education is that you get from the gurus. Such as very few people who take their courses wind up doing real estate full time and making millions. Then apply the very same standards to Harvard or the Marine Corps. How many people drop out, go into some other line of work, or never rise above the mediocre after taking a 4 year $250,000 course at Harvard? So is it surprising that few people make a million $$$$$ after a 3 day $600 course?

I mention Harvard and the Marine Corps because apparently that is where Reed got his education. By the way Reed never made any money in real estate either though at least he tried. He lists the addresses of all the property he owned, his investment career lasted from the late 70's to early 80's, he went broke and never invested again.

I don't hold that against him, but I'm sure if he reviewed himself by the same standards he used on everyone else he would have some harsh things to say.