Don't Get Suckered By Trump University Coming to Sacramento

By
Real Estate Agent with Lyon Real Estate BRE #00697006

Donald TrumpTrump University is coming to Sacramento next week to give "introductory classes" on how Donald Trump can profit big if you buy his books, CDs and other seminars, er, I mean how you can profit big by buying real estate. Trump University took out a half-page ad in the Sacramento Bee to tout the Perfect Storm in real estate.

In the ad, Trump University claims that housing inventories are at a 20-year high, which is absolutely ridiculous. Anybody looking at real estate stats will see the inventory has dropped at least 30% across the board in Sacramento. It also says housing prices have dipped 16.3% from last year. Who pulls these fabricated numbers? Housing prices have slid about 35% since last year.

You've got to say to yourself that if Trump University can't get the basic facts straight about Sacramento, how is its seminar going to help you? By promising that you can buy real estate for no money. Yup, that's right folks. While banks are tightening guidelines, requiring higher down payments and scrutinizing each transaction with a magnifying glass, Trump says you don't need any money at all. In fact, you don't even need to know what you are doing because real estate is such a simple business that anybody can amass a fortune overnight. In two hours, Trump will teach you everything a successful real estate investor needs to succeed.

Do yourself a favor and forget this get-rich-quick seminar scheme.

Photo: Getty Images/Scott Wintrow

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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Topic:
Real Estate General Information
Location:
California Sacramento County Sacramento
Groups:
ActiveRain Rockstars
Club Chaos
Diary of a Realtor
Lyon Realtors
Posts to Localism
Tags:
donald trump
trump university
sacramento real estate
elizabeth weintraub
get rich quick
real etate seminar schemes
no money down

Comments 12 New Comment

Show All Comments
Rainmaker
189,850
Sacramento Grapevine
SacramentoGrapevine

You are absoutley correct,  HE just wants OUR MONEY....................

September 14, 2008 11:04 AM
Rainer
152,269
Fred Chamberlin
Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant
Guild Mortgage Co - Oak Harbor WA

Awww Elizabeth, you mean I can't buy a home with no money down, no income and lousy credit? I am crushed. I was ready to buy that book, cd and big lie. Thanks for keeping it real.

September 14, 2008 11:04 AM
Rainmaker
206,605
Erin Newington and Terri Moule
Elk Grove Realtors (916) 585-3858
(916) 548-9198 Real Estate Masters

That means the phone is going to be ringing off the hook next week and we are going to have to talk everyone down to reality! Good news is he will get them excited about real estate. we will just need to help them change their perception a little :).

September 14, 2008 12:47 PM
Rainmaker
1,194,135
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Put 40 years of experience to work for you
Lyon Real Estate

Hi Sindee: But lots of people trust Donald Trump, and they don't know any better.

Hi Fred: I can't count the number of people who get energized by these things and can't figure out why nobody else understands how easy it is.

Hi Erin: That's right. We will have to educate them . . . or not. I hate breaking the news and saying, "Hey, back in the 1970s, I worked with those seminar companies, and listen . . ."

elizabeth weintraub sacramento real estate agent in land park

September 14, 2008 08:42 PM
Rainmaker
387,811
NW Real Estate |Colleen Fischesser & CO Serving Seattle-Tacoma area Since 1990!
Serving Seattle-Tacoma Home Sellers & Buyers since
RE/MAX Select R.E | Designated Broker/Owner

Ahh geez...I would like to think he was above all this nonsense. I've visited his blog before and found it very elementary, obivously he's not at all involved. Nice you've given the heads up on this!

September 14, 2008 08:43 PM
Rainmaker
712,919
Barbara S. Duncan
CRS, GRI, e-PRO, Searcy AR
RE/MAX Advantage

Ohhh, noooo, not that old no-money-down stuff all over again.  I never watched it on TV.  Is it still on?

September 14, 2008 09:20 PM
Rainmaker
1,194,135
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Put 40 years of experience to work for you
Lyon Real Estate

Hey Colleen: All in all, I know people admire Trump, but I don't believe he's that nice of a guy. Besides, his seminar business is most likely simply another avenue of revenue.

Hi Barbara: Yup, extreme markets call for extreme measures, and as you know, there's a sucker born every minute.

elizabeth weintraub sacramento real estate agent in land park

September 14, 2008 09:54 PM
Ambassador
243,724
Jesse & Kathy Clifton
Fairbanks Alaska Real Estate Specialists, 907-328-9328
Jesse Clifton & Associates, REALTORS®

Let me guess... Carlton Sheets is going to be a guest lecturer. :)

September 15, 2008 03:35 AM
Rainmaker
1,194,135
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Put 40 years of experience to work for you
Lyon Real Estate

Hey Jesse: Lots of gurus copy Carlton Sheets. But the originals are really Robert Allen and Albert J. Lowry.

elizabeth weintraub sacramento real estate agent in land park

 

September 15, 2008 09:48 AM
Rainmaker
150,798
Josef Katz
{Marketing Maestro}
Education Marketing and Direct Response Marketing

Elizabeth, Our free class is not for everyone we know that.  There are obviously some similarities between our free class and some of the 'get rich quick' folks talking about real estate.  However, I encourage you to attend our event and see what we are all about first hand.  I can tell you that "we are different" but I am sure it would not do any good...  If you still feel that our instructors are being unethical, misrepresenting the market or opportunities please let me know.  Mr Trump is involved in the business and we all take responsibility for his brand and everyone that represent the company.

As for the ad - When the ad was created the stat was correct and it was referring to the national housing market.  I will make sure we update our ads and try to customize them for local markets.  This is not a small job but your point is correct.

Please feel free to contact me directly if you want to discuss in more detail.

September 15, 2008 08:44 PM
Ambassador
243,724
Jesse & Kathy Clifton
Fairbanks Alaska Real Estate Specialists, 907-328-9328
Jesse Clifton & Associates, REALTORS®

True... but CS always made me laugh.  It just never came across as even remotely believable.

September 16, 2008 05:02 AM
Rainmaker
1,194,135
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Put 40 years of experience to work for you
Lyon Real Estate

Hi Josef: I would imagine that customizing your ads for local markets is essential.

Hi Jesse: The thing is some of the techniques do work. Have the speakers actually done them? Probably not. Could the average Joe do it? Nope.

elizabeth weintraub sacramento real estate agent in land park

September 16, 2008 11:24 AM
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Rainmaker
1,194,135

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents

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