Re: Wealth Builders International - Posted by Ronald * Starr(in No CA)
Posted by Ronald * Starr(in No CA) on August 20, 2003 at 24:57:56:
I hope you will be able to get paid through them.
I am not optimistic about it happening. This approach to getting money from hopeful investors has been done by many scam artists. They play on the feelings of the beginners that having money is the only thing stopping them from making money in real estate. The promise to provide that money. But never do. There are many people that have fallen for this scam. There was an operation in PA that took millions of dollars from potential investors over many years. They are in prison I believe. Or at least facing trial.
If is good to persist. However, to persist down a path which does not go in the direction you want to go is folly.
You don’t need these people. If you really can find a good deal, you can do what is known as “flip” or quickly resell the property to somebody who can handle the property. There is wholesale flipping and retail flipping. I recommend that you study those techniques.
Also, you might want to start studying up on the way to acquire properties or the right to buy properties with little or no money. The “nothing down” purchasing ideas are not scams. However, it is not easy. They are not applicable to very many situations. I estimate maybe 2-4% of property sales are candidates for no money down buying. Again, you can study those ideas at this CREONLINE.COM website by using the archive search function.
Good InvestingRon Starr**********