Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Re: Too good to be true-right?
Old 10-27-2005, 11:25 AM   #21
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Re: Too good to be true-right?

Quote:
Originally Posted by wab


2) The SEC has got to be the weakest regulatory agency on the planet. Don't count on them for saving you from (or investigating) even the most blatant cases of security fraud.

HA! I take it you've never been through an SEC audit. They can be impossible to deal with and very strictly enforce their rules. However, the SEC is a picnic compared to the NASD.

You can't expect them to be listening in to people's houses whenver a friend or neighbor offers you to invest in something.
saluki9 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Too good to be true-right?
Old 10-27-2005, 11:28 AM   #22
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Re: Too good to be true-right?

Quote:
Originally Posted by cube_rat
Good point, Peggy. However, this is why money is released in increments as the construction is built out over time rather then funding the project at 100% up front. Construction loans are very short term and the developer will have hopefully sold upon completion or he/she will need to obtain interim financing. I really don't think construction loans are drying up any time soon even in a fast market.


I've invested in some of these with an established builder and they have returned the promised 12% carry + 1/3 share of the profits. What they tell us is that the reason they need our seed money on projects is that the banks will not give loans until 1/3 of their units are sold which is why they need investors.
saluki9 is offline   Reply With Quote
Re: Too good to be true-right?
Old 11-23-2005, 09:17 PM   #23
Recycles dryer sheets
 
Join Date: Oct 2005
Posts: 325
Re: Too good to be true-right?

are u in indiana?

Quote:
Originally Posted by wab
Good point, Martha. I was going to mention that but I wasn't sure if real estate investments were "special."

I'm constantly amazed about two things:

1) Investment scams are widespread. I live in a relatively small town (20,000), and one of our local boys bilked $90M from investors using a network of people who solicited mostly from church members.

2) The SEC has got to be the weakest regulatory agency on the planet. Don't count on them for saving you from (or investigating) even the most blatant cases of security fraud.
CybrMike is offline   Reply With Quote
Re: Too good to be true-right?
Old 11-25-2005, 12:26 PM   #24
Full time employment: Posting here.
 
Join Date: Oct 2003
Posts: 961
Re: Too good to be true-right?

Quote:
Originally Posted by wab
Good point, Martha. I was going to mention that but I wasn't sure if real estate investments were "special."

I'm constantly amazed about two things:

1) Investment scams are widespread. I live in a relatively small town (20,000), and one of our local boys bilked $90M from investors using a network of people who solicited mostly from church members.

2) The SEC has got to be the weakest regulatory agency on the planet. Don't count on them for saving you from (or investigating) even the most blatant cases of security fraud.
Then don't go to Europe where they don't care about insider trading. Or South America where they have fake stock exchanges.

- Alec
ats5g is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Good Fortune,---Or a Ripoff? Sundance Kid Other topics 31 11-01-2006 10:16 AM
Hi everybody, looking for a good time here! excellent Hi, I am... 11 11-01-2006 05:51 AM
What is a (good) manager? vvsonikvv Young Dreamers 55 08-01-2006 09:26 PM
Is this rate as good as it looks? KB FIRE and Money 9 06-26-2006 05:37 PM
Getting Rid Of (Good) Stuff yakers Life after FIRE 62 07-05-2005 05:14 AM

» Quick Links

 
All times are GMT -6. The time now is 03:23 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.