Anybody here dabble in Real Estate? Are these Scam artists?

[IWasntMadeToPlayTheSon]

Everything in Atl is a scam lol. Start with that, and u won’t get ripped off

 

[Ahadi]

I bet you he sells a program for like $1,000 on how to get into real estate too.

And an Airbnb course

 

[King Poetic]

I’m like @Remote

I don’t want to come off as a hater, but when I hear certain words on how u can become better and they showing off material shyt of they own, I tend to look at people like

 

[O.G.B]

Right? I remember like 20 years ago there was this infomercial with this idiot in a Dollar Signs suit selling his book on how to get all this money from the government.
And anyone with 2 brain cells would ask themselves "if you're so rich, why are you on tv every night at 3am selling a book about how rich you are?"



Matthew Lesko was his name: Matthew Lesko - Wikipedia
In an interview with the Washington Post in July 2007, Lesko admitted having assembled his books from government guides to grants and loans, quoting Lesko as saying of his first book "I plagiarized the whole thing" and "I didn't write a lick." Lesko later added "I get stuff for free and I sell it for as much as I can get."[10]

Lesko is still around pedaling his Government grants & loans information in 2022.

 

[MajesticLion]

Please enjoy Montana.

 

[invalid]

“Exploring Rich Atlanta” -lol.

It's always these no-name people. Who is Trey Williams? Who is Virgil Gordon? I get it. They might be successful but wouldn't you rather listen to evergreen advice from someone with decades of experience?

And on top of it you never see these folks representing sellers or buyers from the most “choice neighborhoods”. Never Tuxedo Park, never Chastain, never Historic Brookhaven.

These folks don’t have the connections which is why there market is mainly suburban subdivisions.

The best homes are not being sold on the market. And if they are, they are being brokered by old white realtors who have connections and a history of selling to the old uber wealthy.

These new guys are not breaking into that market.

In the video, the guy pointed out a $900k subdivision home out in the middle of nowhere that was just sold but has an apartment in Buckhead where you got real estate selling for $10-$15 million +.

And this is what they’re marketing as “rich Atlanta”.

 

[invalid]

But it’s extremely hard to get rich off real estate without a income not dependent on real estate to buy the houses .

You not going to “flip” a house effortlessly over and over with nothing to invest initially. You need to spend money to make money and if you don’t have money to spend

What bothers me about things like this is, I don’t think it’s replicable. I don’t know how many other people can do this, but it’s portrayed as if anyone else can. And I think those are highly unique circumstances.

Look at Jay Morrison. With all the pomp and flash, he couldn’t sell a house in New Jersey which got him fired from not one but two brokerage firms. And turned around and couldn’t even sell a home in Atlanta.

He then had to peddle “real estate investing courses” to make ends meet and then a “real estate fund“ to actually raise money to buy and flip real estate because he didn’t have the funds prior and neither the expertise.

 

[CrimsonTider]

the new scam these days is these so-called experts don't make money in their specific line of expertise. they almost ALL make most of their money selling you the tools and courses that supposedly "teach" you how to be like them.

I'm just gonna say this from experience. If they spend all day on social media, whether it's making videos or posting, doing live stream they're 9.99999999 times out of 10 gonna waste your time and money. Thing is there's a lot of black folks in real estate that you can get in contact directly who can put you on game that are much more realistic and not just filling your head with empty promises.

If someone spends all their time talking then they’re making money from speaking not whatever they’re speaking on

It’s just like you said with social media

These people are building brands on social media and selling courses, merchandise etc to the vulnerable and gullible

It’s so easy to finesse loans to make it look like you’re living lavish.

 

[Kenny West]

All these people on social media and elsewhere who make content showing off or telling people the "secret" to how they made X-dollars are either scammers, telling half truths, or they happened to be extraordinarily lucky for a period of time.

It's always these no-name people. Who is Trey Williams? Who is Virgil Gordon? I get it. They might be successful but wouldn't you rather listen to evergreen advice from someone with decades of experience?

I always find these people are selling the image of wealth rather than teaching the intricate details of finance. Just skim through the video. Four minutes into the video and all they're doing is looking at his Maybach and playing with the massage seats.

You hear a lot of empty words.
"Change your mental and your actions should follow"
What??

He was talking about how he read "The Secret" -- one of the stupidest books of all time. He likes Joel Osteen. He read Napoleon Hill...like virtually everyone. Talking about "law of resistance".

I know I'm sounding negative but I just don't see what anyone could possibly get out of these guys. It's always the same thing. Read this. Hustle hard. And you can get these extraordinarily rare results like me. Yeah. Sure, dude.

Grifters delight.

Mention of these books is usually followed by a bunch of bullshyt