Flippers selling to suckers Flippers selling to suckers I’m guessing. Should be easy enough to search r.e. ownership records for Toback or his firm’s name to see what (if anything) they own.
Looks like they just buy from people, not wholesale from banks or anything like that. And they need to find a more attractive spokeslady…
I’d guess it’s part of the I’d guess it’s part of the Real EState Investor needs apprentice/I buy homes for cash signs you see on every freeway offramp.
They pound the pavement, buy cash on the cheap, and turn and sell, touching nothing, for a ‘discount’ to serious investors.
Or is ‘wholesale’ code words for ‘no inspection’.
I need a third option on the voting. It’s not an outright scam like three card monty, but it’s not buying a CD at your local credit union either more like volunteering for getting pitched timeshares for the free vacation. Without the vacation.
Call them up, don’t you think you’ll know within minutes if they’re just fishing for a sucker?
But, IMHO, where’s the line between hustle, hustling, a little sleasy, sleasy and scam?
Buing & selling used cars, selling/repoing used cars to poor credit customers, RE is the new used cars of the 70s for the wannabe 1%ers.
Is it any different than trading stocks?
or buying an abandoned storage unit and ebaying the contents?
NotCranky
June 17, 2014 @
7:51 AM
It’s got “calling all It’s got “calling all suckers” written all over it.
spdrun
June 17, 2014 @
8:04 AM
There’s nothing wrong with There’s nothing wrong with their business model — that also doesn’t mean that you have to play their game.
It’s no difference from buying fruit in bulk from a farmer and retailing it for 3x the unit price.
recordsclerk
June 17, 2014 @
9:31 AM
I had some experience in I had some experience in flipping San Diego. The margins are very tight and there is a lot of invester money. You don’t have to advertise to sell wholesale. Sell anything with a margin and it will be snapped up. There is enough invester money to probably buy 10%+ of all homes in San Diego at any given time. They are either fishing for properties to purchase or finding retail buyers. They will put you into a how to buy class and find you financing with little or nothing down. Then they will sell you a property at full retail price. There are no secrets to real estate, no hidden buyers clubs. Most of the flips today are short sale listing agents working with invester groups to get both ends of the listing, and then relisting with same agent. Nothing new, just repeating the same that has been said before. Still some deals to find at the Court Steps, but margins are tight and deals hard to find.
Anonymous
February 4, 2015 @
3:40 PM
What a badly written letter. What a badly written letter. This is a scam diego guru if I ever saw one.
Anonymous
February 4, 2015 @
8:50 PM
My evil twin just made an My evil twin just made an appearance.
June 16, 2014 @ 7:41 PM
For the
For the lazy
[img_assist|nid=18140|title=IMG_20140616_190931.JPG|desc=|link=node|align=left|width=500]
June 16, 2014 @ 7:52 PM
Flippers selling to suckers
Flippers selling to suckers I’m guessing. Should be easy enough to search r.e. ownership records for Toback or his firm’s name to see what (if anything) they own.
Looks like they just buy from people, not wholesale from banks or anything like that. And they need to find a more attractive spokeslady…
http://www.getitdonehousebuyers.com/
June 17, 2014 @ 3:02 AM
Um, he claims to have a
Um, he claims to have a science degree in “Massive Action,” which appears to be a phrase used by self-help gurus.
http://www.linkedin.com/pub/todd-toback/7/32/857
Has a Facebook page, too.
“Join my new Facebook group. It’s for doers. Skeptics, victims, whiners need not apply.”
https://www.facebook.com/pages/Todd-Toback-Lease-PurchaseOptions/134687596566707
Fits a profile, IMHO.
June 17, 2014 @ 6:40 AM
I’d guess it’s part of the
I’d guess it’s part of the Real EState Investor needs apprentice/I buy homes for cash signs you see on every freeway offramp.
They pound the pavement, buy cash on the cheap, and turn and sell, touching nothing, for a ‘discount’ to serious investors.
Or is ‘wholesale’ code words for ‘no inspection’.
I need a third option on the voting. It’s not an outright scam like three card monty, but it’s not buying a CD at your local credit union either more like volunteering for getting pitched timeshares for the free vacation. Without the vacation.
Call them up, don’t you think you’ll know within minutes if they’re just fishing for a sucker?
But, IMHO, where’s the line between hustle, hustling, a little sleasy, sleasy and scam?
Buing & selling used cars, selling/repoing used cars to poor credit customers, RE is the new used cars of the 70s for the wannabe 1%ers.
Is it any different than trading stocks?
or buying an abandoned storage unit and ebaying the contents?
June 17, 2014 @ 7:51 AM
It’s got “calling all
It’s got “calling all suckers” written all over it.
June 17, 2014 @ 8:04 AM
There’s nothing wrong with
There’s nothing wrong with their business model — that also doesn’t mean that you have to play their game.
It’s no difference from buying fruit in bulk from a farmer and retailing it for 3x the unit price.
June 17, 2014 @ 9:31 AM
I had some experience in
I had some experience in flipping San Diego. The margins are very tight and there is a lot of invester money. You don’t have to advertise to sell wholesale. Sell anything with a margin and it will be snapped up. There is enough invester money to probably buy 10%+ of all homes in San Diego at any given time. They are either fishing for properties to purchase or finding retail buyers. They will put you into a how to buy class and find you financing with little or nothing down. Then they will sell you a property at full retail price. There are no secrets to real estate, no hidden buyers clubs. Most of the flips today are short sale listing agents working with invester groups to get both ends of the listing, and then relisting with same agent. Nothing new, just repeating the same that has been said before. Still some deals to find at the Court Steps, but margins are tight and deals hard to find.
February 4, 2015 @ 3:40 PM
What a badly written letter.
What a badly written letter. This is a scam diego guru if I ever saw one.
February 4, 2015 @ 8:50 PM
My evil twin just made an
My evil twin just made an appearance.
Cool.