What Ever Happened to Carlton Sheets?

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Real Estate Agent with Coldwell Banker Select Professionals

I was kicking back on my yacht today (scratch that - was mowing the lawn) and drinking a (hot bottled water) when the thought struck me: waht ever happened to good old Carlton Sheets and his real estate systems?   I haven't heard of him in a couple of years - the investor types I met early on always brought that system up in conversation - now he's gone from the lingo.  With the resurgence of pre-foreclosures and sheriff sales I'd think he'd have a fertile ground to sell to.  Anyone seen his infomercials recently? 

 

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Ambassador
1,884,733
Nestor & Katerina Gasset
International Properties and Investments LLC - Wellington, FL
Realtors, Wellington Florida Homes For Sale
I have never heard of him. I guess I will park here to find out. Katerina
Sep 02, 2007 01:00 AM #1
Rainmaker
621,634
Randy Prothero
Island Style Realty Inc. - Mililani, HI
Hawaii REALTOR, (808) 384-5645
Haven't seen his infomercials lately.  I am getting questions from those who want to buy a foreclosure for $500 after seeing it on late night TV.
Sep 02, 2007 03:22 AM #2
Ambassador
560,123
Julie Chapman
Lennar - Jacksonville, FL
New Homes Sales

Believe he is still up and running on satelite tv.....never seen the actual material he sells........

we are fortunate that in our area foreclosures are elusive - few and far between

Sep 02, 2007 07:51 AM #3
Rainmaker
632,456
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
Jeff, I have seen him in the last few months on late night TV, but I think that the field of real estate investment gurus has gotten quite crowded and Carlton probably cut back on his ads.  Also, I'm usually not watching late night TV these days -- either sleeping or blogging.
Sep 02, 2007 08:59 AM #4
Rainer
200,847
Mana Tulberg
805 County Real Estate - Camarillo, CA
Real Estate Agent - Camarillo CA
Jeff, I have never heard of this guy because I am blogging at late night!! LOL
Sep 02, 2007 10:22 AM #5
Rainmaker
201,028
Stephanie Edwards-Musa
thredUP.com - The Woodlands, TX
knitwit at thred UP
Hey Jeff,  LOL.  :)  I have heard of him I think.  Isn't he the get rich quick investment guy? 
Sep 02, 2007 09:45 PM #6
Ambassador
2,033,667
Todd Clark
Keller Williams Realty - Beaverton, OR
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494

I was talking to someone the other day about him and he is actually doing better than ever! He now focuses his attention on the internet! Costs him thousands less in advertising and is getting a lot more people to attend his seminars.

I was amazed! But, if you search for him on the net, he is still alive and kicking!

Sep 04, 2007 12:58 AM #7
Rainer
21,775
Prudential Preferred Realty Butler PA
Prudential Preferred Realty - Butler, PA
My SISTER actually bought the system.  She gave it to me when she realized it was all BeanSoup.  I am going to listen to it some day when I need a laugh.
Sep 07, 2007 09:48 PM #8
Rainmaker
181,596
Debbie DiFonzo
Debbie DiFonzo - United Country VIP Realty, SW Missouri - Lebanon, MO
Lebanon MO and Buffalo Missouri Real Estate
Wow - the memories! Haven't seen him in years and haven't thought about him in almost as long - Great memory  Jeff!
Sep 07, 2007 11:16 PM #9
Rainmaker
325,189
Jeff R. Geoghan
Coldwell Banker Select Professionals - Lancaster, PA
Marketing VP & Real Estate Agent Trainer

I'm amazed at the people who are not familiar with Mr. Sheets - he was an icon on years past.  

Interesting that he is on the internet now - surprised that he doesn't do spam emailing...

Thanks all! 

Sep 08, 2007 09:20 AM #10
Rainer
25
Doug Tulumaris
PEI - Naperville, IL

I actually work for Carleton's company and I can assure you he is still alive and kicking and doing quite well.  As someone noted above we are moving more and more online.  In fact we have an alpha/beta site out there where anyone can access his course for free (www.peiuniversity.com).  Hey, isn't one of the fundamentals of this whole web 2.0 movement transparency?  We figured heck, if you really want to get his materials all you have to do is go to eBay anyway right?  Why not save people a step and let them get the entire (official) course directly from the source? 

For those of you have wondered what his course was all about or if it could actually work, check it out and make up your own mind.  Heck, all it's going to cost is a few minutes (or more, if you like what you see) of your time. 

Enjoy! 

 

Sep 17, 2007 10:42 AM #11
Anonymous
Anonymous
Jeremy

I think that he's hiding because he's reponsible for the subprime market crisis. Not all by himself but he didn't help matters. I've never seen his program, but based on what I know of lending, etc., I'm assuming that he had people taking out Interest-Only loans are basing their purchases on the expectation of property appreciation. Well, due to the subprime fallout, banks are not going to be throwing around money so easily, especially for no-money down types of operations. 

 

This is a great time to invest in real-estate. I'll be graduating in a few months and hopefully I can put together some scratch in the next 2-3 years to take advantage of this down market.  

Mar 15, 2008 04:40 AM #12
Anonymous
Anonymous
brian phx

I THINK  CARLTON SHEETS  IS A HONEST GUY    I THINK HE HAS HELP MILLIONS  OF INVESTERS  

Aug 04, 2008 08:48 AM #13
Anonymous
Anonymous
D. Logan

To Doug Tulumaris;

A couple days ago I tried to think of the name of the fellow with the real estate program on tv. Yesterday I asked my brother in law and sure enough it was Carleton Sheets. Well believe it or not, I told him the same thing you said.  I believe his program had something to do with the mortgage crisis.  HOW?  Many of his students purchased more than 4 or 5 houses. They never kept them, they just kept moving them around the market and pocketed the settlements at closing. Someone had to take out a mortgage, and the lender had to get the money from somewhere. Enter Fannie Mae and Freddie Mac, and family. Blog on that for a moment.

Sep 22, 2008 04:22 AM #14
Rainmaker
176,854
DEBORAH STONE
Hogue and Belong Bankers Hill- San Diego, CA - San Diego, CA

One of my investor clients took his course and read his books and made alot of money from 1999-2005---unfortunately she lost most of it in the "meltdown". Like anything else in life, proceed with caution.

Jun 10, 2010 07:22 PM #15
Anonymous
Anonymous
sam lombardi

sheets was a fraud because he never explained that his course doesn't work in the better areas and suburbs of US.Only works in the boon docks.Look at the facts.How could you rent out and collect a rent on a house that over $400,000,the rent would need at least $4,000 a month to cover that mortgage!! You can't find houses for less then 200,000 in decent areas anymore and no one will pay that big rent anymore so how do you cover your mortgage with a no money down or even a little money down.Answer,You can't unless you but preforclosure homes and kick out the poor prior owners! The business sucks!!

Jul 03, 2010 07:45 AM #16
Anonymous
Anonymous
Raveone Fulton

R E F U N D.......!!!!!! SMH

Jun 16, 2013 06:19 PM #17
Anonymous
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Jeff R. Geoghan

Marketing VP & Real Estate Agent Trainer
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