Foreclosure Academy Reviews (Updated 2024): Is Carlton Weiss Legit?

TLDR: What’s the Verdict? Is There a Foreclosure Academy Scam Going On?

If you want a quick answer about whether there is a Foreclosure Academy scam going on, here it is.

I wouldn’t recommend buying the Foreclosure Academy. First, there isn’t much information about Carlton Weiss to know if he truly practices what he preaches.

It’s like a college professor trying to teach you how to start a business. No offense, but if they knew how to start a successful company, they wouldn’t be working for someone else!

You need to be careful about who you learn from. There are gurus with more credibility in the real estate space, like Grant Cardone and Kris Kohn.

If you’re a long-time reader of this blog, you know that I believe in real estate investing. That said, I can’t say the same for the tax sale overages business model since it involves understanding a lot of legal intricacies.

To have any real chance of really making serious money in this model, it takes a lot of cold calling and patience. It takes 4 to 8 hours of research and outreach per day.

Don’t get me wrong; real estate is a great way to gain financial freedom once you have all of your ducks in a row.

The problem is if you don’t, you could find yourself stuck in a mountain of debt or waste a lot of time. If it were up to me, I would rather generate tens of thousands of dollars with a semi-passive business first and then take some of that capital to fund my real estate ventures.

It’s one of the many reasons why I like the digital real estate business model instead.

In some ways, owning digital real estate is like traditional real estate. You’ll rent out your space to help businesses collect leads, which helps them generate more revenue.

That’s why my preferred business model is becoming a Digital Landlord. With this method, you don’t have to worry about:

• Taking on colossal amounts of debt.
• Trying to poke and prod people with foreclosure to get them to sign a contract.
• Make hundreds of cold calls.
• Deal with legal contracts
• Spend months or even years really understanding the real estate game

The cool part about this income stream is that it’s recurring and semi-passive. You’re able to make anywhere from $2,000 to $10,000 per month by helping local businesses.

Basically, it has all the upsides of real estate, where you get to collect monthly checks without dealing with all the headaches.

If this sounds like a better opportunity, you may want to take a look at becoming a Digital Landlord.

But if you want to continue diving into this Foreclosure Academy review, you can keep reading.

Who Benefits From Foreclosure Academy And Who Doesn’t

You may be a good fit for Foreclosure Academy if:

1. You’re already a real estate investor and have a lot of knowledge about the foreclosure market.
2. You have a stable business and want to take a stab at a sales-type role to earn high commissions.
3. You’re extremely passionate about helping people who have suffered from foreclosure in their homes.

With all that said, you may want to look the other way and avoid the program if any of these criteria fit you:

1. You hate making cold calls. As one Redditor put it, hundreds of people call the same lead.
2. You’re a beginner. One Trustpilot reviewer warns potential buyers that getting leads from courthouses is difficult.
3. You want something that provides predictable income. Many people are skeptical of foreclosure rescue scams, making it difficult to close deals.

Foreclosure Academy: 1,000 FT View Of This Make Money Online Opportunity

The Business Model: How Do You Make Money With Foreclosure Academy?

In the United States, 3,000 homes face foreclosure. That translates to 90,000 people losing their houses monthly caused by job loss or other financial hardships.

Here’s how the business model works.

Imagine David owns a $250,000 home. He lost his job and can’t pay his property taxes of $10,000.

The government throws John out of his home, causing foreclosure. A few weeks later, the home sold for $200,000. The government then takes the $10,000 that John owes…

But where does the remaining $190,000 go to?

Well, the government takes that money unless David reclaims it.

That’s where you would swoop in and help people like David reclaim their funds. And for your services, you take a finders fee of 40%, which could be up to $100,000 in this case.

To reclaim the funds, you’ll file a petition for those excess sales overages and mortgages.

The entire process can be summed up in a few steps:

1. Find people who lost their homes.
2. Call the government office to uncover how much money/equity is under the previous owner’s name.
3. File a petition and follow the legal process for the state.
4. Sign the contract so when the money is reclaimed, you get a 40% finder’s fee.

The idea is that people will gladly pay 40% since they’re usually unaware they can gain their money back in the first place.

Who is Carlton Weiss

Carlton Weiss is the founder of Foreclosure Academy. He worked as a private investigator, where he focused on probing private trusts. This is where Carlton learned how the world’s elite kept their wealth and property from lawsuits.

Carlton now teaches foreclosure secrets to students in his program to help people achieve financial freedom.

How Much Does Foreclosure Academy Cost?

The Foreclosure Academy cost is $497, or you could choose the payment plan, where you pay three installments of $197.

You’ll need to make those payments every 15 days, which can be helpful if you’re struggling to scramble up the funds for this course.

Personal Opinion – Is Foreclosure Academy Legit?

At this point, you’re probably wondering, is Foreclosure Academy legit?

In my opinion, it is a legit business model, but it’s more of a loophole than something that will sustain you for years to come.

If you’re on the fence about joining, I want to share the positives and negatives of the program.

Let’s begin with the positives and what I like.

The course seems to be in-depth. You learn the foundations of overage business and the basics of tax sale overages.

Also, they offer a private community of over 4k members, and they provide a 30-day refund policy.

Now, let’s talk about the negatives.

Here are the main reasons why I wouldn’t really recommend the program or the foreclosure business model:

• There are better ways to do real estate: Becoming a real estate investor or real estate agent would provide a more stable income source.
• Most people will think you’re a scammer. Since lawyers can help these foreclosed property owners, many legal groups will even warn property owners to avoid “scammers” who charge high fees for helping them claim their funds.
• You have to know the foreclosure-related laws. Regulations vary from state to state, so it can be hard to keep up with. For example, Washington state law places a 5% cap on finder’s fees.

If you’ve been slaving away at a 9-5 and tired of answering to the “big man upstairs,” you probably want something that gets you there faster.

I’m all about working hard, but I personally would like rewards to be virtually guaranteed.

Reclaiming surplus funds from people with home foreclosures simply doesn’t give you that. Your clients can easily Google search or consult with a lawyer to find out that they don’t have to pay a huge 40% finders fee.

Rather than making endless numbers of cold calls, I’d rather build a handful of Digital rental properties that’ll pay me $500 to $2,000 consistently every single month.

Best of all, I don’t have to worry about

• Annoying people with the autodialer
• Trying to make money through a government loophole that could change in a blink of an eye.
• Worry about the risk of legal trouble if I don’t follow the state-specific laws.

Instead, the Digital Landlord business model lets you earn semi-passive income without any of those issues. You get to truly live the laptop-lifestyle.

Imagine traveling the world with your buddies or your spouse and getting to check off all the boxes on your bucket list. Or maybe you’d like to spend more time with your kids and be around for all of their soccer practices.

With the Digital Landlord business, that’s the type of lifestyle you can live. Once you build these simple digital assets, the money keeps rolling in, and you won’t have to do much to maintain them.

If the thought of living a truly financially free lifestyle excites you, I encourage you to check out Digital Landlord!

What’s Inside? Will You Learn All Of The Foreclosure Secrets In This Program?

You’ll get core modules, including:

• Foreclosure Secrets:
• Unlimited Foreclosure Leads Secrets:
• Best States Ranked in Order of Profitability:
• Quick-Close Call Scripts:
• The Finder’s Fee Legal Paperwork:
• Unclaimed Property Law Secrets:
• Skip Tracing Secrets
• Lead Outreach Secrets
• Auto Dialer Secrets
• Business Setup Walkthrough

Fast Track Program

Many students struggled to find the available tax sale overages, do research, gather leads, perform skip tracing, make cold calls, prepare all of the paperwork, and create an entirely new online business website.

Carlton made the Fast Track Program, where they will teach you how to hire the VAs to help you with the tasks above to help you with get a faster start and shortcut the process to making money.

Foundations of Overage Business Course

There are 18 lessons included. You’ll learn all of the various sales aspects involved in the foreclosure market.

For example, you’ll get video training and live examples of role-playing, CRM skip tracing, etc.

Conclusion – To Buy or Not Buy

I don’t recommend you buy Foreclosure Academy. And it’s not because there isn’t value in the course.

To put it frankly, unless you’ve got the sales chops of Jordan Belfort and Cole Gordon combined, then it’s probably not a good fit.

There’s too much risk involved, and your chances of success are slim if you’re a beginner.

So, what do I recommend? I believe you’d be better off as a Digital Landlord instead.

What Is My Top Recommendation For Making Money Online In 2024?

I’ve personally tried all of the major online business models, including the foreclosure tax overage strategy. Here are a few things I’ve done:

• Cold-called strangers only to get hung up on hundreds of times.
• Performed hours of research only to find out some states don’t allow for the collection of tax sales overages.
• Spoken with lawyers and CPAs to ensure I have the right paperwork in place.

The point is that the tax overages business model is much harder than what these gurus make it out to be. Frankly, you’d have a much more guaranteed result of making money with a job than trying to call cold leads every day.

It’s worth noting that I FULLY endorse real estate investing as a way to grow wealth, and that’s why I invest my own money in commercial and residential real estate. But I can’t vouch for the tax sales overages business as a viable way to make money long term.

That being said, my #1 recommendation for making real money online as a beginner is, hands-down, Digital Leasing.

Whether you’re a complete newbie or you’ve been around the block before but have never had that “big win” to propel you forward, Digital Leasing is for you.

Why?

Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.

And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.

That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world

But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.

The foreclosure sales tax overages business is a FULL-TIME JOB. If you stop finding deals, your money dries up.

Ownership & Control:

Waiting around to collect on tax sales overages requires a lot of patience and hoping for results with a very low chance of panning out favorably.

If you’re the type of person who needs immediate results and control, this business model will drive you insane.

On top of that, there’s a possibility that you won’t earn a single dime in the end. You could spend weeks, months, or worse, years trying to get this to work.

Sure, it could work if the stars align in your favor, but in reality, there’s a lot more risk and headaches to deal with.

Why pour your soul into a business that you’re not in full control over?

With Digital Leasing, you literally own all of the assets, which means you have ultimate control.

Ongoing costs: With sales tax overages, you’re going to have to pay for an autodialer, website hosting, lead generation tools, tax delinquent lists, and even potentially printing for direct mail campaigns.

While they’re not completely mandatory, they’re highly recommended if you want to make this business model work for you.

But no matter how much you try to game the system of tax overages, real wealth in real estate is made by owning the assets and owning A LOT of them.

In Digital Leasing, your profit margin is nearly 100%. Watch here to learn how.

Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases and the effort put into creating the next property decreases.

Best case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.

It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…

If you wanted to double your income with tax sales overages, you would need to strike up twice as many deals. And really, a lot of it is pure luck. You might just have better odds of getting rich rolling a pair of dice in Las Vegas.

And I can guarantee you that’s a lot harder than a few clicks & a phone call.

Make Money Helping Real People: When you’re in Digital Leasing, you’re helping solve REAL problems that people are ASKING for help with:

Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If we can provide those customers, they’re going to be really happy – and they’re going to pay you for it.

You’re helping a struggling mother or father put FOOD on the table for their families, put their kids through college, or simply live life a little bit more comfortably.

Having this type of impact on the world is what will help you sleep soundly at night.

So, the rest is up to you. You could keep looking at other opportunities like Foreclosure Academy, which might make you money.

You could keep researching and researching for the next few months (or few years), never making a concrete decision.

OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.

Making a fortune while actually helping real people who need it.

If this sounds like you, click here to see how it all works.