Very Vintage Vegas

But The Man On Tv (With The Rolls Royce) Said I Could Buy For Zero Down, AND Get Cash Back At The Closing

April 8th, 2008 Categories: Buyers, Las Vegas Real Estate News, Market Conditions, Mortgage

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The BalwdGuy says it best:

Liar Liar Pants On Fire! and just for fun, watch the video he uses to make the point. Someone we all know and love got pretty chunky.

I’m here to tell you in plain English — In real estate you’ll get rich with a lot of hard work, some anxiety, a lot of capital, a ton of paperwork, and risk. There will be ups and downs. But in the end, if you’re not greedy, and you follow the principles of investment physics and the physics of economics — Lord willin’ and the creek don’t rise — you will become wealthy and live to experience a magnificently abundant retirement.

You’ll get rich alright — but you’ll do it slowly.

Those who tell you otherwise?

Liar! Liar! Pants on fire!

Bawld Guy specializes in investment real estate. He hasn’t sold a dream house or a house to live in for over 100 years. If you want quick and easy real estate investment course that’s based IN REALITY, I suggest you read the investment physics and physics of economics posts and a thousand other good ones on BALWDGUYTALKING.

AND, you’ve probably seen the infomercial running for one of the several REAL ESTATE AUCTIONS. They show pretty pictures of the few prettiest of properties. Buried in the fine print is that if you win a bid at the auction…

It’s not subject to your ability to get a loan. You’d better have that 110% locked down.

It’s “AS IS” with NO OPPORTUNITY for an inspection and no “OUT CLAUSES” what-so-ever!

If you don’t have a game plan when you go to the auction, you’ll probably get burned. 

If you ever learn anything, please learn this. Owning a home to live in is NOT the same as real estate investing.

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This entry was posted on Tuesday, April 8th, 2008 at 8:38 am and is filed under Buyers, Las Vegas Real Estate News, Market Conditions, Mortgage. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. BawldGuy Talking said at April 8th, 2008 at 9:29 am

   Hey Jack — Thanks for the nice review.

   I wish I’d remembered to include those deadly auctions in my posts. They can carry some really nasty surprises.

   Please — give me an excuse to find myself in Vegas!

2. Zero Down Loans Are Still Available For OWNER OCCUPIED property in Las Vegas said at April 10th, 2008 at 1:12 pm

   […] other day, in the liar, liar, pants on fire post, I was talking about investment property, and the idea of real estate as a “get rich quick […]

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