Comments on: Congratulations, Bottom Feeders — Pending Home Sales Are UP!!!!! http://realestate.bryanellis.com/338/congratulations-bottom-feeders-pending-home-sales-are-up/ Unbiased Real Estate Intelligence For Affluent Investors Wed, 18 Jan 2012 15:39:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Eddie http://realestate.bryanellis.com/338/congratulations-bottom-feeders-pending-home-sales-are-up/#comment-1690 Eddie Fri, 08 Aug 2008 00:54:55 +0000 http://www.freerealestatetraining.com/?p=338#comment-1690 We have two properties under contract in Baltimore that we picked up in the last 30 days and are planning on buying more. Most of my buddies who are investors are tapped out because they kept on buying while the market was skyrocketing and can only sit on the sidelines and watch right now. There are so many cash-flowing deals out there right now that I hardly have to use my main strategy which is to purchase and rehab before the property will cash flow. Conventional financing is getting harder to get but if youre creative there are so many deals out there its like the preverbial shooting fish in a barrel. We have two properties under contract in Baltimore that we picked up in the last 30 days and are planning on buying more. Most of my buddies who are investors are tapped out because they kept on buying while the market was skyrocketing and can only sit on the sidelines and watch right now. There are so many cash-flowing deals out there right now that I hardly have to use my main strategy which is to purchase and rehab before the property will cash flow. Conventional financing is getting harder to get but if youre creative there are so many deals out there its like the preverbial shooting fish in a barrel.

]]> By: Robert Kim http://realestate.bryanellis.com/338/congratulations-bottom-feeders-pending-home-sales-are-up/#comment-1686 Robert Kim Thu, 07 Aug 2008 23:29:44 +0000 http://www.freerealestatetraining.com/?p=338#comment-1686 Thanks for the great blog, Bryan. I have a hard time trying to convince people that real estate is not dead but is alive and kicking. I especially like your guru reviews. I heard that 80% of the "gurus" don't even do the deals but only teach it after having read some books and courses about it. Your blog gives us some measure of due diligence before investing any money on any of them. There is one "guru", Charles Dudley in Virginia (the REI Dominator guy), who recently tried a bait-and-switch on me by trying to substitute a used, incomplete, and inferior product in place of my original order and then tried to get me into his "mentoring" program in lieu of my original order but I remembered your blog and could tell he was a fake and a sham by talking with him on the phone. For example, he tried to convince me to buy mobile homes and then lease-option them back out by charging a $10,000 option fee up front! Charging this high of an option fee may work in California or Hawaii only because of land prices but it sure wouldn't be very successful in Virginia or South Carolina (where Dudley and I reside, respectively). Your blog reminded me that scammers like him are out there and prevented me from losing my money to this scammer. I had to threaten to notify the Virginia attorney general on him but he finally refunded my money (and then tried to file a dispute against me with PayPal after refunding it!). I keep the emails from him and from PayPal for my amusement and also as proof to warn others to stay away from him. Thanks for the great blog, Bryan. I have a hard time trying to convince people that real estate is not dead but is alive and kicking. I especially like your guru reviews. I heard that 80% of the “gurus” don’t even do the deals but only teach it after having read some books and courses about it. Your blog gives us some measure of due diligence before investing any money on any of them. There is one “guru”, Charles Dudley in Virginia (the REI Dominator guy), who recently tried a bait-and-switch on me by trying to substitute a used, incomplete, and inferior product in place of my original order and then tried to get me into his “mentoring” program in lieu of my original order but I remembered your blog and could tell he was a fake and a sham by talking with him on the phone. For example, he tried to convince me to buy mobile homes and then lease-option them back out by charging a $10,000 option fee up front! Charging this high of an option fee may work in California or Hawaii only because of land prices but it sure wouldn’t be very successful in Virginia or South Carolina (where Dudley and I reside, respectively). Your blog reminded me that scammers like him are out there and prevented me from losing my money to this scammer. I had to threaten to notify the Virginia attorney general on him but he finally refunded my money (and then tried to file a dispute against me with PayPal after refunding it!). I keep the emails from him and from PayPal for my amusement and also as proof to warn others to stay away from him.

]]> By: Jeff Miller http://realestate.bryanellis.com/338/congratulations-bottom-feeders-pending-home-sales-are-up/#comment-1683 Jeff Miller Thu, 07 Aug 2008 22:25:45 +0000 http://www.freerealestatetraining.com/?p=338#comment-1683 Call me a catfish, I guess... :-) <strong>Good for you :-) -- <a href="http://www.BryanEllis.com" target="_blank" rel="nofollow">Bryan Ellis</a></strong> Call me a catfish, I guess… :-)

Good for you :-) — Bryan Ellis

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