Scam Alert! Don't Buy This Course!

[Teacher Mark 53]

I have watched the show and will tell you up front that I can't stand the guy. Recently there has been a rash (appropriate term) of his commercials on Sirius radio, which seems to derive a substantial portion of it's ad revenue from scams. In the commercial two guys are talking about flipping houses. One asks the other if the market is to soft or something like that. The other replies "No, this is a great time to buy low" or something like that. This is true. This is a great buyers market. The only problem is that when you flip a house you need at least 2 things 1.) A Seller and 2.) You guessed it, A BUYER! Here's a link to an interesting website:

http://www.flipthislawsuit.com/2007/04/16/...estate-package/

[Heracles 417]

I have been waiting to see a followup show this year. It reality it was these quick buck property flippers that have fuel the market.

Question: You are truck driver. 22 wheeler?

Edited April 25, 2008 by Boo-Yah!

[Fandango 1,440]

The only problem is that when you flip a house you need at least 2 things 1.) A Seller and 2.) You guessed it, A BUYER!

Isn't that bit obvious?

[Teacher Mark 53]

I have been waiting to see a followup show this year. It reality it was these quick buck property flippers that have fuel the market.

Question: You are truck driver. 22 wheeler?

Yes, I drive a rig. Primarily for Broadway Musicals and Concerts. Mine has 18 wheels though!

House flippers may have fueled the market, but if you really look at some of this gentleman's claims you will find he deals in smoke and mirrors.

Edited April 25, 2008 by WideAwakeInTheUSA

[Teacher Mark 53]

The only problem is that when you flip a house you need at least 2 things 1.) A Seller and 2.) You guessed it, A BUYER!

Isn't that bit obvious?

You would think so. If you hear the commercial though the statement is that it's a great time to flip houses. I think there may still be areas of the country where this is true, but overall this is a horrible market. If a person had the money to invest long term they could probably do very well. Short term is a different story.

[Fandango 1,440]

The only problem is that when you flip a house you need at least 2 things 1.) A Seller and 2.) You guessed it, A BUYER!

Isn't that bit obvious?

You would think so. If you hear the commercial though the statement is that it's a great time to flip houses. I think there may still be areas of the country where this is true, but overall this is a horrible market. If a person had the money to invest long term they could probably do very well. Short term is a different story.

Erm, overall, the mkt isn't that bad.

And I guess you're issue is you seem upset that there's no 'quick fix' or easy money. Not everyone is an 'investor'. I knew a guy who bought 13 houses at the height of the mkt and took out risky crazy mtgs for each that were so high, he couldn't even rent the house for half the monthly payment. Then after liquidating his personal assets to save his 'investments', he wound up defaulting on each of the homes and eventually everything was foreclosed on.

He called himself an 'investor'....I called him a f(*&(*ing moron trying to jump on a bandwagon. One that he clearly didn't understand.

Buying some dodgy ebook is not going to hold the 'magic answers'. If you expect it to....well, I got a bridge to sell ya too

[Heracles 417]

I have been waiting to see a followup show this year. It reality it was these quick buck property flippers that have fuel the market.

Question: You are truck driver. 22 wheeler?

Yes, I drive a rig. Primarily for Broadway Musicals and Concerts. Mine has 18 wheels though!

House flippers may have fueled the market, but if you really look at some of this gentleman's claims you will find he deals in smoke and mirrors.

If you ever want to earn a few extra $$$$ you know where to head right. My friends drive a few trucks there and their pay varies from $80K to $130K, if they drive interstate.

The Trucks downunder have to have an extra axle to even out the pressure on the roads. This way they can build roads using half the Asphalt

[Teacher Mark 53]

The only problem is that when you flip a house you need at least 2 things 1.) A Seller and 2.) You guessed it, A BUYER!

Isn't that bit obvious?

You would think so. If you hear the commercial though the statement is that it's a great time to flip houses. I think there may still be areas of the country where this is true, but overall this is a horrible market. If a person had the money to invest long term they could probably do very well. Short term is a different story.

Erm, overall, the mkt isn't that bad.

And I guess you're issue is you seem upset that there's no 'quick fix' or easy money. Not everyone is an 'investor'. I knew a guy who bought 13 houses at the height of the mkt and took out risky crazy mtgs for each that were so high, he couldn't even rent the house for half the monthly payment. Then after liquidating his personal assets to save his 'investments', he wound up defaulting on each of the homes and eventually everything was foreclosed on.

He called himself an 'investor'....I called him a f(*&(*ing moron trying to jump on a bandwagon. One that he clearly didn't understand.

Buying some dodgy ebook is not going to hold the 'magic answers'. If you expect it to....well, I got a bridge to sell ya too

My "issue" is that scam artists like this are able to take advantage of people. This guys day is coming. This post is merely intended to shed light on the fact that there is no easy way to make money. If i stop one person from buying it I'm happy.

P.S. I'd watch laughing at other people's misfortune, even if it was self inflicted.

[sj5 4]

flipping house

[Heracles 417]

And I guess you're issue is you seem upset that there's no 'quick fix' or easy money. Not everyone is an 'investor'. I knew a guy who bought 13 houses at the height of the mkt and took out risky crazy mtgs for each that were so high, he couldn't even rent the house for half the monthly payment. Then after liquidating his personal assets to save his 'investments', he wound up defaulting on each of the homes and eventually everything was foreclosed on.

He called himself an 'investor'....I called him a f(*&(*ing moron trying to jump on a bandwagon. One that he clearly didn't understand.

Buying some dodgy ebook is not going to hold the 'magic answers'. If you expect it to....well, I got a bridge to sell ya too

so true..

[Fandango 1,440]

My "issue" is that scam artists like this are able to take advantage of people. This guys day is coming. This post is merely intended to shed light on the fact that there is no easy way to make money. If i stop one person from buying it I'm happy.

P.S. I'd watch laughing at other people's misfortune, even if it was self inflicted.

I laughed at my bridge comment which was my reference to what I see as your naivete at this whole situation....that investing involves 'buyers and sellers'. I mean that's like saying air involves some 'inhaling and exhaling'

Tho I find it funny that you start your response off with a and end it with a caution to not laugh at things.

I mean really...how can you be surprised? Were you shocked when Miss Cleo was found out? You sound like a person who was burned for some money, so I have to wonder how you can sit here and comment with supposed knowledge at the 'overall state of the housing market' when you're devoting so much time with some dodgy ebooks. I mean to even contemplate some 'magic ebook' or to express surprise that they are quite possibly loaded with bullsh!t says a lot.

A TRUE investor knows that there is not normally a 'quick score', (s)he has done a helluva lot more research on his/her own concerning market trends, finding quotes of every imaginable expense (and having a way to cover said expense), a true investor usually has at least SOME cash, a working knowledge of how to fix the place him/herself OR at the very least, a trusted circle of influence of people who are masters at their trades....electricians, plumbers, etc. This person has some sort of viable market plan that goes loads deeper than 'i'll buy the house for a dollar and slap a coat of sage on the walls and sell it for a million'

The housing market is not without trouble....but much of that problem is caused from individual people making horrible financial decisions with no real working plan other than to blame it on someone else if things go t!ts up.

Edited April 25, 2008 by Happy Bunny

[Heracles 417]

Why should Armando Montelongo get a bailout by the US taxpayer on his properties. And many like him will. They took the risk so they alone should have to deal with it.

[Fandango 1,440]

So I just got an 'UP YOURS!' pm from the OP.

[Teacher Mark 53]

1.) Regarding the state of the housing market I devote a substantial part of my day listening to financial reports on Sirius. Verdict? Things are bad. I am not an expert though.

2.) I'm not surprised that this guy is a scammer. As I previously stated I am trying to warn others. No I have not been burned. I'm smarter than that. Why am I devoting time to this? Because I'm a salaried truck driver with nothing better to do. In other words I'm bored.

3.) My is exactly what I would be doing, in a very sarcastic manner, if we were talking in person instead of trading insults on a message board!

So I just got an 'UP YOURS!' pm from the OP.

I didn't want to insult you on the board but since you insist:

UP YOURS!

[Fandango 1,440]

1.) Regarding the state of the housing market I devote a substantial part of my day listening to financial reports on Sirius. Verdict? Things are bad. I am not an expert though.

2.) I'm not surprised that this guy is a scammer. As I previously stated I am trying to warn others. No I have not been burned. I'm smarter than that. Why am I devoting time to this? Because I'm a salaried truck driver with nothing better to do. In other words I'm bored.

3.) My is exactly what I would be doing, in a very sarcastic manner, if we were talking in person instead of trading insults on a message board!

1) Listening to what others say on some financial report is all well and good. But at the end of the day, a good day at Disney World never makes headlines. I, however, deal in real estate every single day from 3 years ago to now and God knows when. When you can sit here and say 'the verdict? things are bad' shows a very short sighted and spoon fed opinion because things are NOT as bad as everyone says.

Go tell a few of your friends that your local grocery store is quickly running out of bottled water. Then go to the store a few days later, and lo and behold, they prolly will be.

2) You might as well warn others not to stick forks into toasters, cos it should be as obvious.

3) Your was irony cos you started with one in response to me, but ended by 'warning' me not to laugh at people's misfortune. Which you completely misplaced the context of me laughing because I would never laugh at someone's misfortune.

I'm not 'trading insults on a message board'....and I'm certainly not the one sending nasty PMs. That's you.