Jim Toner is finally playing the role of real estate guru. With all the qualifications to be a true guru; he sold real estate successfully for 25 years; and CNN even featured him for his philanthropic gesture of giving away debt-free homes to military veterans. He knew determined to never return to the business after his run in with a real estate fraud in 2010 where he lost his fortune.
According to ideamensch.com, Toner left the business he knew so well after being swindled by a disreputable real estate sales’ guru. His roster of famous clients that included professional athletes bolstered the guru’s national fame. At the time, Fox News had celebrated the guru’s notoriety with weekly broadcasts featuring his triumphs.
Still, this man was dishonest and manipulated several investors, including Jim Toner, all of whom lost a lot of money. After that blow to his ego, Jim Toner retired. He no longer trusted his skills and elected to exit the business in which he once thrived.
During Toner’s time away from real estate, he wrote a book entitled “Send in the Wolves“. His book reached the number one position on Amazon. He also coached entrepreneurs and business owners on ‘celebrity positioning’.
When asked if he would ever return to investment real estate, Jim was adamant about staying out of a business with so much corruption. The Arizona guru had burned and burned him good. He didn’t want to associate with that caliber of people. In a post from Medium, it says that the disreputable people were both the gurus and the government making big real estate so dirty. He noted “The frauds with good marketing” had taken over the business.
Yet, his friend persisted. He reminded Jim Toner of his honest and reputable success. While Toner made mistakes, he still made millions, and he completed thousands of honest deals to get that money. Honesty does exist in investment real estate, Toner was the proof. HIs friend approached him again and Toner reconsidered his pitch.
Toner was a real rags-to-riches story; he was the real deal, a true real estate guru. Jim Toner re-entered the real estate game, but this time he came with two conditions. One, he would select his market. Unlike the claim that investors could succeed in any market, Toner knew that wasn’t always the case. Two, he would work with only the best local investor in the selected town. Only the best would work with his students.
He knew the first mistake, most fake gurus make is to recruit people and dole out paper education. Toner knew these students needed hands on education. He needed to be on the ground working side-by-side with the students in order for them to learn the business of investment real estate. He and his all-star team, picked a winning market, Akron, Ohio. Next, they made a plan, to sell 500 homes in the next five years. Follow Toner on Facebook.