a.k.a. “Ka$hflow King”, “Kashflow King”
Troy Mann is interesting to me because I’ve seen him around the Rich Dad and Mastermind forums ever since I started looking at them, over 6 years ago. He seems to have gone to every seminar and purchased every course out there, making him the quintessential acolyte. Any criticism of his gurus is dismissed with a wave of the hand and an ad hominem (See, for example, here. It’s easy to find many more Troy Mann posts like that).
He’s also interesting because of the review found on this page:
…I had an experience recently that soured me on [Burley’s] organization. After investing with a individual whose testimonial is posted on his website (Troy Mann from Tulsa, Oklahoma) and having the investment go bad, I posted a message to John's forum asking if anyone else was having the same problem. Within 24 hours, the Burley group had the message pulled. I haven't heard anything from the Burley group since. It was as if they wanted to stick their head in the sand and make believe a problem doesn't exist. In the mean time, they still have Troy's testimonial posted on their website stating that his annual income for 2005 was $108K as of August 2005. The following month, I received an e-mail from Troy stating that he couldn't pay the interest and three months later, was claiming any payments of principle would force bankruptcy.With a little focused Googling, you find, among other things, his now defunct web page for his atrociously named company: http://www.cashflowrealty.net/. That link doesn’t work, but thanks to Google’s cache of the site, we can read what was on their “About Us” page:
Troy D. Mann began investing in real estate October 10, 2001. With no job, his life savings, and a burning desire to create a profitable business he became a full-time real estate investor. Starting out with four properties, Troy has increased the real estate portfolio of Mann & Associates dramatically. Due to hard work and financial competence Troy found himself in a position to retire at age 32.Note that the Burley Boot Camp testimonial mentioned by the reviewer above is not the one that I've linked to (which, curiously, doesn't actually have Troy's last name associated with it, unlike the majority of the other testimonials on the page!). It turns out that the review in question was removed from Burley’s web page. Sadly, I can’t find it in Google’s cache any more, either. However, I did manage to save it. Here it is:
Troy is the former vice president of Vision Investment Properties Real Estate Investment Association, the first nationally recognized real estate investment club in Oklahoma.
Before his investment career started Troy was a web developer. He worked for a dot com company, an electric company, a healthcare organization, and Dollar Rent A Car.
Troy has many friends from John Burley's real estate boot camp and is an active member on its popular discussion forum. He is a returning boot camp student instructor and has an honorable mention in the book “Powerful Changes”.
September 2005I leave it to you to decide whether Troy Mann is a successful real estate investor or not.
Anyone who is even thinking about Boot Camp should carefully consider the consequences of taking control of their career. After all the jobs in my degree field left the area due to globalization I was forced to work in the IT field for 50k and 60k a year. Getting laid off three times in a row, always during Christmas made me look for something better. Lets see what that looks like:
BS degree in Chemistry and Chemical Engineering
Time to complete: 6 years (including graduate courses for an unfinished MS)
Entry Level Yearly Income: $50,000
Yearly Income with 5 years of experience: $85,000
Hours worked per week: 50
Wage per hour: approx $35.42
Return on investment: 50,000/40,000 = 125%
Burley Boot Camp
Time to complete: 5 days
2005 Aug YTD retained earnings: $108,000
Hours worked per week: 20 to 50 at my choice
Wage per hour: approx $96.43
Return on investment = 108,000/5,000 = 2160%
The idea is to leverage your income by learning new skills. Although I am working less and making more than those lousy IT jobs paid there is a lot of improvement to be made. I am now redesigning my "job" to triple the income while working fewer hours. Getting leverage on your income is a fantastic skill. They dont teach this in the university environment. Without John Burley I would still be looking for another crummy position involving ridiculous schedules for some jerk who demanded me to put work before family.
Burley Boot Camp, just go.
Troy and Lori Mann