Get-Rich Schemes-Artists from Con
Lack of knowledge—the problem is that
Promissory notes and real estate can be excellent investments as retirement investments. Or for a trusting, unsophisticated investor, they can become investment traps. If the investor gets trapped or aided by the investment, common sense, practical experience, education, and honest, competent professional guidance will determine. Most investment disasters are caused by a lack of knowledge about investing in general and about a particular asset. Click this link here now
Let’s examine two categories of investment assets with con artists and scammers that are currently very popular. The focus will be on distressed real estate and promissory notes. A huge amount of negative and fearful publicity has been generated by the economic problems in the general economy and the real estate problems in many parts of communities and neighborhoods. The schemers capitalize on this publicity; they use it to strengthen their selling points when pitching to the uninformed and the unsophisticated. Here are some details on how the pitch-men are using real estate to find a profit.
Distressed Real Estate Schemes: Real estate investment offerings have been on the rise due to the collapse of the real estate bubble, both legitimate and illegitimate. Legitimate real estate investments are available irrespective of market conditions and can be successful and profitable. But fast-buck artists are capitalizing on the general climate of fear, uncertainty, and headline advertising in chaotic times to trick the uninformed and the unsuspecting into bad investments.
Bank-owned property, foreclosure property, distressed homeowners, pending short-sales, and pools of real estate investment have all been used to target the untrained investor by investing vehicles. All of these circumstances carry significant risks, and each one must be carefully assessed. In many cases, it requires an expert to understand and evaluate each of these individual opportunities; it is not the job of a starting investor to rank them objectively, according to their individual risks and rewards.