Thursday, December 22, 2011
Real estate Gurus or Scam artists?
There have been scam type authors who claimed that you can buy houses with no money down and then there is the flip houses to tax liens and then become rich. These are scams to sell books and courses. There are books that are not scams but it's hard to figure them with the scam books to tell if there is a difference since they have the same titles. People should look for real state finance text books. Real Estate is part of finance and not a flip product. It is regulated by the Govt and you can't simply buy a neighborhood and flip it. You can't simply buy a house in a poor area and rebuild a rich house and flip it. The rich people will not even set foot in the area to look at the wonderful job you did, much less buy the place. Where are the poor people suppose to live if a contractor starts rebuilding them. This is a task for the Govt and guarantee they will put a stop to your flip high cost of housing. think you have a valid point about real estate, but when it comes to those REI books, most of them are garbage. Some of the stories remind me of a rap video where the rapper was in a junk car yard and said he had a thousand cars.
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