Seeking Real Estate Investor Apprentice – $20,000 a Month… SERIOUSLY?

Have you seen these signs lately?  If you live in Dallas / Fort Worth, Texas area like I do, they’re on every busy intersection.  They’re usually small signs, the size of open house signs, mounted on a little metal stick and stuck in the ground.  Signs like these are called “Bandit Signs.”  And in this case, bandits not only describe the signs, but also describe the people using them.  The signs I’m referring to usually say something like “Seeking Real Estate Investor Apprentice – $20,000 a Month” with a phone number listed at the bottom.  Is this an opportunity to make money?  No.  NO!  NO!!!!!!  Don’t fall for it.  I have some experience with the people behind these signs and I’d like to share it with you so you don’t fall prey to these people trying to fleece the apprentice investor. Continue reading

City of Dallas Screws Investor Out of $100,000

Think government is there for the people?  Think again.  In Oak Cliff, a suburb of Dallas, Texas, a real estate investor named Josh Terry decided to fix-up an existing multifamily property in the Oak Cliff area.  He got a ruling on zoning, obtained permits, and did everything legal.  The city gave him their blessings, permits and permission to perform the renovation.  The remodeling started.  New paint, new tiles, new carpet and after $100,000 invested in the project the building was starting to show improvements then the unthinkable happened.  Continue reading