Questions Real Estate Investor Fraud Gurus Don’t Want You to Ask

The long wait is over.

According to the Arizona Multiple Listing service, certain areas in Queen Creek, Surprise,  Maricopa and Phoenix have seen a 70% drop in real estate prices. Brokers and mortgage consultants are singing their favorite real estate school fight song called, “It’s Time To Buy Real Estate.”

 However, there’s another group of folks who feel the wait is over and it is time to descend upon the Phoenix real estate market. They want to quickly extract money from the pockets of those looking to get-rich in a falling market. Those folks are the Real Estate Investor Gurus.

During during the real estate boom,  Phoenix, Florida and Las Vegas were the playgrounds for hundreds of overnight real estate investor gurus. Google the name Mark Bosworth, former owner and founder of GoRenter.com. This time before they come back to Phoenix to sell their secrets, books and tapes, here are 10 Questions Your Real Estate Investor Guru Doesn’t Want You To Ask;

Question 1:
Have you personally completed or been a large contributing factor to all the projects you profess to have done?

Question 2:
Real estate is local, are you an expert in my area?

Question 3:
What state are you licensed in?

Question 4:
When was the last time you were sued and lost?

Question 5:
Will you continually upsell me, before I see any results?

Question 6:
Can you provide me a list and addresses of your most recent deals?

Question 7:
I don’t have a credit card, will you take a money order?

Question 8:
What percentage of your income is generated from real estate?

Question 9:
What percentage of your income is generated from real estate seminar sales?

Question 10:
Could you give me a personal 100% guarantee that you will call me the week before you shut down your business and slip out of town?

Are you like me, in that you had purchased something from a real estate guru, who turned out to be very good at over-promising and under-delivering? If you had to do it over again what question do you wish you would have asked?

Kendall Matthews has been a helping real estate investors and home buyers purchase Phoenix Real Estate since 2004. Check out Kendall’s non-guru background at www.investmentrealestatecorner.com/tell-me-what-you-need

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