Expression of opinion 100 words: The great nonsense of the "guaranteed return": Turn and turn to…
Expressing an opinion 100 Lyrics:
The great nonsense of the "guaranteed return":
Contact and contact private individuals - who tell me about companies offering US investment properties with a "guaranteed return" or bank guarantee of 10% or higher - regardless of what happens in the property -
And I ask? - How naive can you be and fall into the trap?
Let's think logically -
1- When the property is vacant - where does the rent come from, based on the "guaranteed return"?
2- When there are renovations and maintenance of the property that sometimes reach hundreds of dollars - where do the "guaranteed" rents come from regardless of what happens in the property?
3 - When raising property taxes or insurance How can you still guarantee the same "guaranteed return" when the costs of financing the property have risen?
These questions have several answers with one meaning: fraud, cheating, dishonesty -
In most cases, the buyer pays the rent or part of it - in the "courtesy" of the company that marketed the property to him - based on an exorbitant price he paid for the property in the purchase! -
Or the pyramid method -
Building a fund of funds in which the consideration passes from A to B without a financial interaction of rent payment in respect of renting a property -
The so-called "Ponzi scam" on which Bernie Madoff received the notorious 150 years in the US prison.
A-Y-D-B-R K-Z-H T-SH-U-A-H M-U-B-T-H-B-N-D-L-N !!
Get inside
You can add any expense that will probably be in the property at one point or another - and there is still a "guaranteed return" - just do not believe!
You can also add where does the property management costs come from or the non-paying renter's eviction?