so i saw this ad for Real estate on tv..
sum bs about regular American that make about $30,000 for a house they sell.
It's some program with cd's and books and other stupid stuff
It's like $30.00
and you have to attend meetings or w/e..
Does this really work?
THEY Show you secrets of Real Estate on how to get rich ..
i think it's a bunch of bs
but i still have doubts..DOES IT REALLY WORK?
Seriously???
2007-08-30 07:05:03 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It will end up costing a lot more than $30.00. What they will give you is information you already know or should already know.
You can buy a house for cheap if you call and knock on enough doors. You will eventually find someone depressed and ready to sell today if they can just get rid of this worry they have. You will need to have financing lined up and ready to go. You will hear a lot of people telling you to go away and leave them alone (maybe 100) before you hear someone ready to sell you their house much cheaper than they should.
The CD's and stuff don't change peoples reaction to you.
2007-08-30 07:23:21 · answer #1 · answered by glenn 7 · 0⤊ 0⤋
Here's the scam they pass off to you. I heard it exposed on the radio, I wasn't stupid enough to fall or the hype.
You basically find a house for sale and pay money for the OPTION to purchase the home. You turn around and sell it for a higher price than was agreed to in the option, then you give the owner their money and keep the rest as profit. The house is only sold once, you just act as the middle man and hope to sell it for more than you said you'd buy it for. If you don't buy the house, you lose the money you paid in option fees though.
The concept in theory is retarded. If the home owner could have gotten an extra 30k out of the house, don't you think they would have put it on the market at the higher price to begin with??
2007-08-30 15:24:31 · answer #2 · answered by Roland'sMommy 6 · 0⤊ 0⤋
It is a scam.
think about if you could do it - why wouldnt they do it
themself and leave me alone.
These are tax reposed homes, most are dumps that you will pay more then they are worth.
Or bank repossed homes, you will pretty much get what you pay for.
You will not make 30 grand a month.
2007-08-30 14:13:15 · answer #3 · answered by Fuzzybutt 7 · 0⤊ 0⤋
it CAN work but the RISKS are high.(its called flipping houses buying dumps cleaning them up yourself, if you have all those skills, and selling them for more money) you could make alot of money or completly loose everything and in addition destroy your credit. i am sure there are many secrets to making money but i doubt they are shown to the general public on tv, or online, or in emails, or what not. i would play it safe but if you like risks try the stock market just dont put all your eggs in one basket.
2007-08-30 14:14:43 · answer #4 · answered by curvy_chick000 4 · 0⤊ 0⤋
they have a lot of good idea's that work in certain situations. the one that don't work is NO MONEY DOWN. hahaha cash investors get most of the property's for lots of reasons. it does work the 30,000 is a lot unless you are talking 200,000 house's or more???
2007-08-30 14:22:00 · answer #5 · answered by k man 3 · 0⤊ 0⤋
it really works .. and it works more if they make the extra income by selling you useless books that you can read in the library for free or just by surfing the net
2007-08-30 14:11:58 · answer #6 · answered by Anonymous · 1⤊ 0⤋
it works for the guy selling the book.
2007-08-30 14:10:46 · answer #7 · answered by Landlord 7 · 3⤊ 0⤋
Well, it's really working for them.... they're sellling CD's, and books, and......
2007-08-30 14:11:37 · answer #8 · answered by Judy 7 · 0⤊ 0⤋