{"id":30975,"date":"2015-07-27T08:51:04","date_gmt":"2015-07-27T15:51:04","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=30975"},"modified":"2015-07-27T10:06:28","modified_gmt":"2015-07-27T17:06:28","slug":"scammy-real-estate-ads-back-in-force","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2015\/07\/27\/scammy-real-estate-ads-back-in-force\/","title":{"rendered":"Scammy Real Estate Ads Back in Force"},"content":{"rendered":"

Here’s yet another sign that we’re back in bubble territory, albeit a strictly anecdotal one.<\/p>\n

During the last bubble it was nearly impossible to turn on the radio without hearing some form of scammy “riches in flipping” ad during the commercial break. I don’t listen to the radio that often, but in the rare instances that I do tune in recently I’ve been hearing a lot more of that same kind of garbage. For example, I’ve heard this one on KIRO more than a few times lately:<\/p>\n\n

<\/div>\n

How would you like to make some serious cash<\/strong> flipping houses in your area?<\/p>\n

Hi, I’m [censored], founder of the [censored] Real Estate Academy. Over the last few years my elite team<\/strong> of committed house flippers has been using my three step “Fortunes in Flipping” system to buy and sell properties for quick profits and long term financial gains.<\/p>\n

Now it’s your<\/strong> turn to have the same investor success. For a limited time<\/strong> I will send anyone<\/strong> that calls a free copy of my “Fortunes in Flipping” kit that will show you how easy<\/strong> it is to get in, get out, and get paid! There’s no catch, I even pay the shipping cost.<\/p>\n

In my free kit I eliminate all the guesswork and I break down the process for evaluating properties for a quick turn and instant profit<\/strong> and I show you how to access some very unique<\/strong> financing programs to finance your deals.<\/p><\/blockquote>\n

If you dig around online you’ll find that this particular scammer lures you in with the free seminar then tries to take you for a few thousand bucks for his three-day seminar. At the three-day seminar his slick salespeople will attempt to soak you for upwards of $30,000 to buy into his “system.” Oh, and the “very unique financing programs” apparently include financing real estate purchases on credit cards.<\/p>\n

Yikes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Here’s yet another sign that we’re back in bubble territory, albeit a strictly anecdotal one. During the last bubble it was nearly impossible to turn on the radio without hearing some form of scammy “riches in flipping” ad during the commercial break. 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