Russ Dalbey

Russ Dalbey is a well-known figure in the real estate business – and on TV. You’ve probably seen his “Winning In The Cash Flow Business” course advertised there, with celebrity Gary Collins presenting the show.

I’ve been following this home business for some time, since I’ve had mixed reviews. A few people have told me they didn’t make any money – but when I questioned them, it turns out they didn’t spend much time with the course material. Other people have told me they’ve achieved quite a bit of success, but that it took a little work. Dalbey’s website has some big success stories, such as a guy who made $1.3 million in one month after reading the course – but as in all home businesses, that’s exceptional.

Dalbey’s course essentially teaches students how to find private financing deals, “Cash Flow Notes”, and then how to value these notes and find investors for them.

The big upside of course is that “Winning In The Cash Flow Business” doesn’t ask its students to stump up money for real estate. Russ Dalbey claims that you don’t need money to make money, and if you get successful doing this particular home based business, that’s absolutely true. In fact, in that respect I think it’s quite unique in the real estate world.

Another plus for “Winning In The Cash Flow Business” is that Russ Dalbey is realistic about what you can do with it. Obviously he’s a successful guy, but he doesn’t promise the moon – just the chance of a steady and fairly generous income for people who put some work in.

On the downside, it’s not money for nothing. Russ emphasizes time and again the need to ‘put yourself out there’ and market yourself to potential clients. If you’re not prepared to do any marketing you probably won’t succeed. (Dalbey Education, Russ’s company, claims that it is launching a marketing materials site that will automate this marketing – I can’t wait to see if that looks any good. If it does, it might well be a model for the entire home business industry.)

All in all I would say that if you don’t have the money to put into actual real estate (which is always the very best investment) then Russ Dalbey’s method is probably the next best thing. I don’t know of another real estate business that doesn’t involve significant start-up capital, and it’s a business that isn’t going away any time soon. From that point of view alone I think the startup cost (I’ve seen it for as little as $79.95) is very good value. To go directly to the official Russ Dalbey website and read the rest of the story click here.

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