Scams of Real estate seminar on Craiglist have been around for so long now, it makes you wonder why some people still fall victim to them. The most likely answer is desperation, and to a lesser extent, ignorance. People in dire financial situations will grasp at any lifeline that promises to get them out of their predicament, even educated people who know with certainty that anything that sounds too good is probably not true.
What is the Real Purpose of These Seminars?
If you have ever attended any real estate seminar, then you can know the script.
- It is held in expensive and relaxing environment, the whole purpose of the seminar is to secure revenues in a variety of ways.
- Books or CDs that purportedly teach you how to make a killing in real estate, even if you don’t have a dime to your name, are the most popular ways.
- Speakers may just offer enough snippets to lure you into subsequent seminars where substantial fees will be charged.
- The worst is to convince you to invest into risky and thoroughly unsuitable real estate “No Lose Deals”.
- Remember, that no investment in this world can be a guaranteed proposition. NONE. Therefore, if the word Guarantee is mentioned, it is a definite sign of a scam, no ifs, ands, or buts about it.
There is no secret or proven method that can be learned at real estate seminars.
If you still feel inclined to attend these real estate seminars, leave your credit and debit cards at home, write down any topic you may want to learn about more, then head to the internet and buy books about those topics. Most of the time, with a little bit of research, you will find information about any topic touted within the seminar, and you will save hundreds, if not thousands of dollars, without any pressure from hard sales tactics.
Now Talking About, Craiglist…
A variation of these real estate seminar scams can also be found on Craiglist. Rental scams are much more common and most of them follow the same script with some variations. The following are things to keep in mind while you are browsing the “homes for rent or lease” in Craiglist:
- Never wire money to anybody. No legitimate businessperson will ever ask you to do that.
- Use Google Maps to locate the property in question. Caveat: scammers can lift pictures and information from any legitimate real estate website and use it as their own.
- Never subject yourself to credit checks or give personal financial information online prior to meeting the property owner in person and assure yourself that the deal is legitimate. You may subject yourself to ID theft otherwise.
- Always insist on inspecting the interior of the property. No excuse should be accepted.
- It is always best to deal with local people, then due diligence will be much easier to perform.
By all means, I am not suggesting that all real estate seminars or all real estate postings on Craiglist are scams. However, keep in mind, points I have mentioned above, and you will most likely be able to avoid 99% of scams. Good Luck!
You are free to post your views on this in comment form located below this post.