Offlinehttp://newyork.cbslocal.com/2011/03/28/18-arrested-for-real-estate-fraud...
I hope this doesnt mess up the reputation of honest real estate investors in NY.
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You can either look for opportunities or make them.
http://www.deangraziosi.com/real-estate-forums/investing-journals/75933/...
Mike,
Just another day in paradise. The 'reputation' of every employee,business owner and everyone else is always damged by a small group of crooks...seems like the numbers of them are increasing and will effect the reputation of others.
One Bad Apple can spoil the whole basket.
If you look up DG or Carlton Sheets,or ANY other REI guru, business, utility,(elec,phone, cable,satelite,car dealer etc)you WILL find that SOMEONE had a complaint.
You simply cannot please everyone when you become TOO BIG.
Stay within a size of service or business you can control and keep 'ALL YOUR customers' happy, THEY are the ones that keep you in business.
MAKE your own REPUTATION by doing right and treating people with respect.
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
I followed the link to see what crime they committed. There was not a whole lot of there there. So, I Googled the headline and found http://www.nydailynews.com/news/ny_crime/2011/03/28/2011-03-28_brooklyn_...
"Among the schemes:
*Some scammers used fake documents to obtain a reverse mortgage - essentially a loan to people older than 62 that can be repaid by selling the home after its owner dies.
*Others rented apartments in foreclosed buildings they didn't own, officials said.
*A man named Rafatullah Arefy, 20, is accused of creating a loan modification firm to steal $2,500 from former city council member Kendall Stewart.
*Another man, Ralph Baker, 61, actually tried to convince the unit he was the victim of deed fraud in an attempt to get a $1.7 million brownstone owned by a man with the same name. His brazen scheme failed.
Read more: http://www.nydailynews.com/news/ny_crime/2011/03/28/2011-03-28_brooklyn_...
These kinds of crimes are night and day different from investing in real estate. peace,
Dana w/ Crossroads Solutions LLC
http://www.DanaLeigh209.com
http://www.DanaLeigh209.net
http://www.ULostThis.com
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I am direct to the VP of a $100 million dollar open-ended debt and equity fund which actively writes checks to fund businesses with an EBITDA of at least $1 million a year. We fund also have access to up to $500,000,000 for the purchase of distressed real estate, specially commercial $7,500,000 and up.