A Phill Grove AMPS Scam?
There has been a lot of debate about Phill Grove and his new AMPS program which promises to be a new way forward in this new economy for realtors and investors alike.
Times have definitely been difficult because the reality is, that in this new world, with banks not giving out loans like they used to, it is hard to find end buyers for anything.
Thus record numbers of realtors and investors have just given up, tired of struggling for scraps, and hearing all the “Guru” hype out there, just to find out that they have spent money, and still are not making any coin.
So no wonder people are skeptical when they hear about a great new with AMPS, they wonder is this just a Phill Grove AMPS Scam?
Here is the answer.
How this system works, is that it has a revolutionary new contract that allows investors to take over the rights to properties in a “sub to” manner, without being liable for any payments or getting foreclosed on if the deal goes south.
The investors, then takes the rights to his property and assigns them to an end buyer, who has a proper down payments usually 5 to 10 percent, which goes to pay all costs, including the investor.
This is how it works, and this is how it gets paid.
And in regards to this as a Phill Grove AMPS scam, Phill and many of his students have been doing these like hot cakes over the last couple of years.
In fact, there are so many out there just waiting to be gobbled up, that is it way more than Phill grove can handle.
So no, Phill Grove and AMPS are not a scam, they are a new way forward for the struggling investor and realtors who want to help people and make decent amount of money doing it.