Comments on: Deal or No Deal?

By: Ned@baltimoreinvesting

Ned@baltimoreinvesting — Fri, 08 May 2009 18:09:25 +0000

Interesting I just got an email saying "minnesota attorney" posted a response. – that was 4 months ago but I just got the e-mail.

Anyway, he wrote:
>if something seems too good to be true, it probably is.

Well I'm not sure I agree entirely. I have done deals "To good to be true". They happen every day. They key is the difference between thinking it is a good deal and Knowing it is a good deal.

By: JerseyGuy

JerseyGuy — Fri, 23 Jan 2009 22:10:46 +0000

LOL…Yes, certainly warning bells in my head too. It is a seller/realtor trying to prey on inexperienced investors. I hate that because if that deal were executed and went sour, it would probably sour the investor on investing in real estate in the future.

By: Minnesota Attorney

Minnesota Attorney — Thu, 08 Jan 2009 00:46:20 +0000

I agree with your response. Somethings seems amiss. In real estate, if something seems too good to be true, it probably is. Similarly, too many people are taken advantage of by late-night TV shows offering real estate investment deals that are too good to be true.

By: Ned from Baltimore

Ned from Baltimore — Thu, 04 Dec 2008 19:14:57 +0000

Hey Scott,

You wrote:
Warning bells are going off in my head reading this

My same exact thoughts before I even read it. One thing that seems common among new investor deal questions is, they don't give the full numbers. An obvious question that is not answered in his letter is what are they worth?

By: Property Development Company

Property Development Company — Fri, 17 Oct 2008 04:01:03 +0000

Great advice, often first time buyers get caught up in the deal of the century. This proposal sounds like something out of an infomercial, but wait there's more! Unfortunately if it sounds to good to be true…

By: Jonas@catering

Jonas@catering — Mon, 15 Sep 2008 14:13:35 +0000

The "bonus" word always triggers my BS radar.

Usually "bonuses" are overvalued stuff that someone is trying to offload because they can't sell it for real money.

Do a valuation of the "bonus" and see what it's really worth. Ask yourself if you would consider buying it at the "bonus" price had you stumbled upon it. I bet not.