• Report: #65784

Complaint Review: John T. Reed, John Reed

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  • Submitted: Fri, August 15, 2003
  • Updated: Wed, October 27, 2010

  • Reported By:New York New York
John T. Reed, John Reed
342 Bryan Drive Alamo, California U.S.A.

John T. Reed Aka John Reed Aka Jack Reed The truth about John T. Reed Alamo California

*Consumer Comment: John (Jack) T Reed is a joke!!! What a fool, don't take this joker seriously.

*Consumer Comment: John is a "B.S. Artist"... run away.

*Consumer Comment: John T Reed Subscriber

*REBUTTAL Owner of company: John T. Reed's response to Jason

*UPDATE Employee: A post full of nonsense, half-truths, and lies. a shill for Russ Whitney

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Consumers need to be aware that John T. Reed is the seller of Real Estate investment books and his sole way of selling these books is through his web site. He will not take phone, fax or mail order and will not issue refunds or allow returns.

His site is almost entirely dedicated to putting other companies and individuals down who sell Real Estate books. He is known as a Consumer Advocate because of the way his web site is set up but the truth is that his site is designed to sell his own product.

He is being sued for libel among other things for his practices on his web site of posting untrue and unverified claims of other gurus in addition to using these other gurus names in a way to divert web traffic from their sites when consumers are doing searches.

In the latest suit against him, he has responded by launching a personal attack on the plaintiff on his web site and posts many untruths that can be checked out at http://www.whitney-facts-vs-johntreed.com/.

It is easy to read Reeds page and believe he is trying to help people when you search on a particular Real Estate investment course but what one needs to do is read his entire site to find he put downs almost all of them and actually calls many fraud and rip off artists while then trying to get you to buy his real estate courses.

By reading his entire site, you will find many contradictions (lies) and find out that he has no very first hand knowledge of these other RE investors. In fact, he states that he gets emails from people who make money off these other course but refuses to publish them because he says these people are stupid and only think they make money.

John Reed has gone on to investigate family members of his competition including 74-year-old women and visiting the grave of a guru's father. This is all one his web site including how he states that a guru probably deserved the abuse he received as a child that included being burned with an open flame and says such practices were acceptable in the 60s.

I urge you all to read his site completely to see what a sick individuals this man is and what extremes he will go to including lying, stating opinion as fact and telling half the story in order to slant your views to think he is a consumer advocate rather than a Real Estate Investment Book seller.

Consumer should be concerned and check out Real Estate Guru's before buying their products but being tricked into thinking you are reading unbiased information is not right nor is it not right to pretend to be a consumer advocate when the only people you are reporting about is your competition.

There are too numerous lies and false information on the John Reed site to post here but he makes statements even regarding the law that are wrong including where he says one can only file for bankruptcy if they have a negative worth and that a company is insolvent if they are in the red. He uses this to say his competition is insolvent or to say that somebody is cheating if they legally file bankruptcy protection. He continues to say one of his competitions was arrested for a hit and run accident when he knows this person was never arrested and never brought to trial. By reading his site you can see all these and many many more contradictions and lies.

This is a not a man you want to do business with in my opinion but if you choose to, please read his entire site to see how his statements change completely regarding issues depending on what information he is trying to sell you.


You should also realize that his books are printed from his computer and then he comb binds them together (like a shcool report) and ships them out via US Post office only and refuses to give you a delivery date. He also states on his site that the US Post office is unreliable but says this is the only way he ships and don't bother calling him to ask when you will get your product.

Jason
New York, New York
U.S.A.

This report was posted on Ripoff Report on 08/15/2003 04:55 PM and is a permanent record located here: http://www.ripoffreport.com/r/John-T-Reed-John-Reed/Alamo-California-94507/John-T-Reed-Aka-John-Reed-Aka-Jack-Reed-The-truth-about-John-T-Reed-Alamo-California-65784. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 4Consumer 1Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

John (Jack) T Reed is a joke!!! What a fool, don't take this joker seriously.

AUTHOR: shortsaleresource - (United States of America)

This guy, John (Jack) T. Reed is an obvious joker from his website and has no idea what is even going on in the investment world. Some may say he's a scammer?


John (Jack) T Reed has obviously never been a real investor, he's trying to make a living by putting other (real) investors and teachers down, and we can be fairly sure that he is a failure in life. From what everyone can tell and has said, he didn't make it as an investor and his child-like courses are worthless.


Sorry John, whoever you are (know one knows or cares about you in the investing world), but let me give you some advice and stop. Stop wasting space, stop ripping people off as these others said you are, and stop misleading consumers and lying about the people who have actually done the business.


I have no affiliation with any "guru" nor do have a written a response like this before, but this guy is a joker, and he needs to move on and do something else. You probably got picked on as a child, and failed in life... just don't put that on other people!

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#2 Consumer Comment

John is a "B.S. Artist"... run away.

AUTHOR: Simon - (United States of America)

John Reed and his website are both absolute shams.

John uses negative comments about real estate educators to draw people to his website where he sells his own real estate investment teaching products. He has a list that he calls "B.S. Signs" or something like that, and he himself is guilty of each item on the list.

It has been TWENTY SEVEN (27!) years since John Reed has bought a property, yet he insists that he's a real estate expert, yet he's only owned and/or sold 4-5 houses in his entire life. This is not speculation, it's fact and posted on his own website.

Four or five properties 27 years ago does not make a "real estate guru".

The man has neither the experience nor qualifications to teach anything about modern real estate techniques.

The techniques I read in his books are almost as outdated as the comments on his website about the people who ARE legitimately "doing the business" and willing to teach others.

One of the educators John says "charges $5,000+ for his products" actually GIVES his program away and asks for donations. 

John's reviews are there for one reason... to use the keywords so Google brings him people trying to research the REAL instructors and sell them his own shoddy products, that teach techniques and strategies that worked in the early 80's.

Sadly, many "newbies" in the business fall for John's sales pitch. Which is "let me protect you from all those bad guys out there, and oh, buy my stuff".

If you want outdated techniques from a true snake-oil salesman, buy from John T Reed.
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#3 Consumer Comment

John T Reed Subscriber

AUTHOR: Steven - (U.S.A.)

I have been investing in real estate for approximately 15 years, during which time I have bought and sold many properties. I forget how I happened to find out about John Reed but I do remember that his books were the first books that I read on the subject of real estate and I also subscribed to his newsletter for a number of years.

I found his books to be very imformative and to the point, and they formed the basis for my knowledge in real estate and I credit him with much of my real estate success. Recently, I resubscribed to his monthly newsletter, and although he occasinally gets off on some tangeants that have nothing to do with Real Estate, the newsletter is filled with good Real Estate information and I think that it is well worth the subscription price.

I have never communicated with John Reed but I can tell you that I believe him to be an honest man based on the fact that I have read several of his books and many of his Real Estate investment letters. I have often times over the years wanted to thank him for the knowledge that he shared with me that helped me to succeed as a real estate investor.

I can't however say the same thing for many of the so called GURUS in the Real estate seminar industry. Over the years, I have gone to quite a few Real Estate seminars (only the initial free seminar) but have never been interested enough to pony up the thousands necessary to continue the seminar. I have also been ejected out of more than one seminar for questioning the BS that was pouring out of the presenters' mouths.I am always amazed at how effective these hucksters are at roping in seemingly intelligent people and taking their money. I think that they have the same ability to control the minds of the audience as you would find in certain evangelists such as Jimmy Swagart, Benny Hinn, or Peter Popoff.

I bring up these "GURUS" because I think that John Reed probably gets pissed off at the fact that these charlatans are ripping people off by selling them false dreams. I feel that he is doing a public service by exposing these schemes and the people who promote them. Obviously, by doing this, he has made some enemies, but I respect him for having the courage and sense of public good to do it.

I have attended an initial Russ Whitney seminar in the past and I can tell you that from what I saw, John Reed is right on the money, regarding Mr. Whitney's seminars. In any case, I was motivated to write this letter after I happened to come across the post that questions John Reeds integrity. Nobody asked me to write this but I am sure that many of Mr. Reed's subscribers would echo my sentiments about John Reed.
Sincerely,
Steven
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#4 REBUTTAL Owner of company

John T. Reed's response to Jason

AUTHOR: John - (U.S.A.)

One of my readers told me to look at Jason's criticism of me at Ripoffreport. com. I read the first paragraph or so.

He says I am being sued for libel. No, I'm not. I have never been sued for libel by anyone except Russ Whitney and he voluntarily withdrew that suit with no compensation from me within a year of filing it.

Parenthetically, I have spoken to the owner of Ripoffreport.com about being sued by Whitney because Whitney also sued him.

"Jason also says my entire Web site is devoted to running down other people. That is false as other responders have said and as anyone who visits the Web site can easily see. I did not read and will not bother rebutting whatever else Jason said about me.

One general comment: I oppose Web sites that post anonymous criticisms or criticisms by persons who give incomplete names or false names. None of us knows who Jason is or whether he is even really Jason. Most likely, that is not his name. He may be a child or another person who is angry at me for a phrase or a sentence of mine that gored some ox of his. He may be one of my competitors.

I think for a site like this to be valuable, the complainers have to provide verifiable facts to support their complaint. Preferably, only those who proved their identity and revealed it in the complaint would be allowed to post.
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#5 UPDATE Employee

A post full of nonsense, half-truths, and lies. a shill for Russ Whitney

AUTHOR: Ronald - (U.S.A.)

This so-called warning by Jason is full of false statements and misleading comments. From reading through it closely, it seems clear to me that he is a shill for Russ Whitney. First, understand that almost everything he says that is negative about John Reed is related to the section of John Reed's website www dot johntreed dot com about Russ Whitney. However, Jason, in his dishonest way does not point this out. He tries to make is sound like John Reed wrecklessly besmirches many different people.

He starts off trying to make it sound as though there is something wrong with Jack Reed and his business practices. Look at that first paragraph: Consumers need to be aware that John T. Reed is the seller of Real Estate investment books and his sole way of selling these books is through his web site. He will not take phone, fax or mail order and will not issue refunds or allow returns. Ok. That is all factual. And so why mention it? If you read that over, ask yourself if there is anything wrong with these business practices. Read Jack Reed's website and he explains why he has adopted them.

Later, Jason says: You should also realize that his books are printed from his computer and then he comb binds them together (like a school [sic] report) and ships them out via US Post office only and refuses to give you a delivery date. He also states on his site that the US Post office is unreliable but says this is the only way he ships and don't bother calling him to ask when you will get your product. Again, what is wrong with this? What is the complaint. And it is out of date. Jack Reed no longer sends comb-bound books, he sends perfect-bound books. And there was nothing wrong with comb-bound books anyway.

Here is a completely false statement: His site is almost entirely dedicated to putting other companies and individuals down who sell Real Estate books. He is known as a Consumer Advocate because of the way his web site is set up but the truth is that his site is designed to sell his own product. If you look at John T. Reed's website, you will see very little evidence of his bashing or putting down other sellers of real estate investment books. He provides information about his books for sale. That seems to me to be a reasonable activity on his own website. Nothing wrong with that, is there? Also he provides many free articles on real estate investing, education on real estate investing, and other topics. He does have a guru rating section. And he does say negative things about a lot of the gurus there. But then you have to ask yourself, what if he is correct? Then negative comments are sensible, are they not?

I have read over 200 real estate investing books. I have been investing in real estate for about 25 years. I can say from my own experiences with many of the gurus rated on John T. Reed's web site that he is mostly correct. If you bought only books of the people he recommends, you would get an excellent education in real estate investing. Most of the people who he does not recommend are not worth reading. I think he is wrong about a handfull of them. Probably about 5-7 that he is negative on, I would say are worthwhile to study. But most of those he does not recommend? He is, from my experience, right. He is honest in telling you a description of the information that he used to rate the people. Thus, you can decide for yourself if you think that the evaluation might be based on weak material.

Jason claim: He is being sued for libel among other things for his practices on his web site of posting untrue and unverified claims of other gurus in addition to using these other gurus names in a way to divert web traffic from their sites when consumers are doing searches. This is absolute nonsense. There is no way for John T. Reed to to divert web traffic from their sites What happens is that his site will turn up as one of the places where the name of a guru will
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