Beware Get Rich Quick Real Estate Deals
Benefits and Risks of the Real Estate Game
By Jeff Gedgaud, published Aug 10, 2005
Published Content: 543 Total Views: 1,136,035 Favorited By: 13 CPs
This may sound a little far fetched but many people have seen those infomercials and advertisements for the real estate game. You know the ones I'm talking about, get a set of books, CD's and videos and you can start investing in real estate and get money for quick turn around real estate deals.
They have testimonials where people say they earned so many dollars, as much as ten to twenty thousand on one deal and it only took them a month. After years of this you can earn millions. I have news for you.
You can earn millions doing real estate deals, but the one person who is sure and guaranteed to be earning money off this kind of deal is the guy selling the set of real estate or get rich quick with no money down books, videos and CDs.
Yes, I am going to say it, this is not the deal many hope to it is. The people who are selling this have no wish to help others get rich, why would they. They are getting rich, or trying to, but not by selling real estate.
Real estate is a hard career and making money in it is work, hard work. The seminars, late night TV commercials and other ways you hear about these schemes are not all their cracked up to be. You have to realize some real world things that happen in real estate to understand what is going on in these quick turn around or no money down deals.
There are all kinds of deals they talk about at these seminars or on these types of get rich quick deals, there are a few things that require your work but not your money. A couple of schemes you find a property that is going up for sale or is close to being foreclosed and you get someone else to buy it. Or you find a fixer upper, buy the contract for it and turn it over to a company or individual who will do the remodeling and you take a cut of the deal.
You may also like...
- No Money Down Real Estate Deals? The FTC and Real Estate Pros Say "Beware!"
- Are Real Estate Guru's Worth the Money?
- Are Real Estate Seminars Worth the Money?
- Buyer Beware: Real Estate, Business, and Stock Scams on TV
- It Must Be Easy to Get Rich Quick
- Get Rich Quick Today! Work from Home with No Investment!
- Daytrading May Be a "Get Rich Quick" Scheme that Actually Works
- New Get Rich Quick Scams Target Senior RINKs (Retired Independent No Kids)
- Save Your Money: Why Get Rich Quick Doesn't Work
- How to Not Get Rich Quick
Takeaways
- Real estate is a risky and dangerous business for the novice.
- Real estate deals can be profitable if you know what you are doing.
- Use your money to take a real estate course and get a license, not a seminar or book.
Did You Know?
Over 1.5 million people filed for bankruptcy in the U.S. in 2004.
Most Commented On


Stefany
Add a Comment
Posted on 02/15/2007 at 6:02:00 PM
Stefany
Add a Comment
Posted on 02/15/2007 at 6:02:00 PM
Stefany
Add a Comment
Posted on 02/15/2007 at 5:02:00 PM
Stefany
Add a Comment
Posted on 02/15/2007 at 5:02:00 PM
Stefany
Add a Comment
Posted on 02/15/2007 at 3:02:00 PM
Jeremy
Add a Comment
Posted on 02/08/2007 at 9:02:00 AM
Stefany
Add a Comment
Posted on 02/03/2007 at 8:02:00 AM
Stefany
Add a Comment
Posted on 02/03/2007 at 7:02:00 AM
Lola
Add a Comment
Posted on 10/07/2006 at 2:10:00 AM