Steve Maletos

When he was getting started, Steve Maletos bought every real estate course he could find. He claims he didn't learn anything from those courses. So he decided to learn how to make money from foreclosures by doing it by himself. He made some losses to start with during his trial and error process, but for the past 7 years he says he's been "milking giant profits from foreclosures and other distressed properties" by using his own investment methods. He now sells his methods, in the form an investment course called "Fast Cash In Foreclosures", at a price of around eighty dollars for an ebook and CD ROM.

The last I heard, Steve Maletos was promising he'll return your money if you don't make at least $5,000 by flipping your first property within 30 days, or completing your first buy & sell deal within 3 months. But there's one condition. He says you've got to spend at least ten hours a week working on his fast cash system. I don't know how you're supposed to prove that you've put in the hours. I guess he just has to take your word for it. Maybe he just knows that most customers will never ask for their money back. It's weird but it's just human nature. I'm surprised Steve Maletos thinks it's so great to earn $5000 by working 10 hours a week for up to three months. It's a reasonable hourly wage, but I don't call it getting rich quick.

Steve Maletos started investing in foreclosures and distressed properties back in the late 1990s, after going bankrupt and losing his home to foreclosure because he couldn't make his mortgage payments. The investor who bought his home got it for 45% below market value. Steve Maletos was shocked by that, and he decided investing in foreclosures was the right business to be in.

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