QUOTE (RunDear @ Jan 21 2008, 01:24 PM) I recently joined HEIR after about 6 months of research and a couple of seminars. I couldn`t find much info on the web, but there were no red flags either. Word of mouth seems to be their best asset at this point because they are just 4 or 5 years old and privately owned. Some of the investments they recommend do have more history, however once again in the private sector which does not have a lot of public visibility (other than audit reports which some are willing to share).
They do not touch your money other than an initial membership fee which is a sizable chunk (5-6K), but it may be a reasonable price to pay for the investment opportunities and networking they offer, only time will tell. I`m cautiously optimistic it was a good move.
The "wealth coaches" are not quite as polished as one might expect, but they truely believe in what they are preaching. Funny that it`s a former pastor running the show, however he`s got some great contacts !
I have networked with a few of the members who are regular joe`s like me and I have yet to see or hear of any investments gone wrong or not up to original estimates, and I`ve been listening intently for any such rumblings. So far so good with my first investment, and I`m looking forward to the next opportunity.
There are a lot of different groups, concepts and programs out there, as I`ve seen over the last few years at different seminars. Most attendees are skeptics and understandably so, (I got burned for 5K on the Investor`s Advantage program - lost even more in the markets thanks to them) but it`s about risk and reward. This felt like the right fit, real people, (not polished salesmen) and the timing was right. If it doesn`t feel right, move on.
One last note - HEIR offers a free road map for most people who fit their investment profile (helps to own a home) - no harm having it done but do not be pressured into signing on without some thought first. If you are interested, make sure it fits your needs, have them tailor it to exactly what you want.
Happy investing !
Hello Brian,
Archie Robertson contacted me a few years back regarding investment partnerships that we (Glenn Simon Inc.) offered. He told me about his company and outlined his goals quite clearly. We corresponded for about a year putting ideas back and forth while he conducted his due-diligence on my company and I. I then met Archie in Edmonton where we viewed a couple of investment projects together.
Archie then decided that the best way for him to move forward towards our goal of being able to offer his clients sound investments, Archie and a few other HEIR associated would invest their own cash with me into a JV. So, from the standpoint of him asking the hard questions and checking people out- I can say he did that. Sadly, few folks invest their own cash into the products and services they offer.
I think HEIR shows people how to unlock cash from the equity in their homes and then matches them with outside investment groups that deal in the land, property other type of investments. The company that you put your cash into is the one where you want to really see a good track record and solid history.
And for the record... I`m not working with HEIR in a level where I offer any products or services to their clients, so this is my unbiased 2 cents. I haven`t invested with Archie or any of HEIR`s other affiliate companies but I know that two of the specific apartment and land syndication`s are very, very good. League- particularly has an excellent philosophy that is very similar to REINs.
In summary, my dealings with Archie and the HEIR team have been great. He`s a good JV partner and an interesting, positive guy to speak with. I feel he`s sincere in his quest to help folks be debt free and create generational wealth. But, like any investment, follow up with your own due diligence and make certain that everything ads up for you.
Kind regards,
Todd
PS: About Red Flags: I think here at REIN and out in the `real world` you`ll find many people with a variety of backgrounds being successful in Real Estate and helping others. Some of the most successful investors here don`t come from R.E. backgrounds or have the conventional skills associated with it. Track record, history and experience are essential- dig deeper to find the answers. Myopic viewpoints are the ones that raise the real `red flags`.