| Author |
Message |
    
Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 73590
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, September 03, 2023 - 9:01 am: |
|
Land deals kadaa ivi. Anytime amayakulu untaru vallani mosam chese vallu untaru.
No reviews yet
|
Gochi2
Kurra Bewarse
Username: Gochi2
Post Number: 2335
Registered: 12-2005
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, August 31, 2023 - 8:50 am: |
|
This is not new and is rampant in India also...why so special about US..that too it's a false news. Once the sale is over, the price and transaction is a public info..The dumb people are too lazy to check the basics...they deserve this cheating.
naa M lodhi ee DB okati!!
|
Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 73589
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, August 31, 2023 - 8:16 am: |
|
idi eppati nuncho like 3-4 years jarugutondi gaa
No reviews yet
|
Andhravodu
Kurra Bewarse
Username: Andhravodu
Post Number: 4195
Registered: 04-2017
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, August 31, 2023 - 12:38 am: |
|
ya, this is common with any real estate transaction. I realized, mana daka offer vachindi ante that's because they couldn't find other suckers |
Problem
Kurra Bewarse
Username: Problem
Post Number: 3185
Registered: 04-2016
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, August 30, 2023 - 10:36 pm: |
|
Ee news came from TX whatsapp group.
There are some realtors in the US Indian American community who are wholesaling Texas farmland and promising huge returns to unsuspecting investors and pocketing their money. It a 'get rich quick' scheme. This is how it works.
They buy large acreage farmland for $X from a seller, and tell individuals they bought it for them at $Y. They will pocket the difference. They will not disclose to them who the original seller is or what price they bought it at. They make quick money in the process because Y can be anywhere from 1.5 to 2 X. They will make you believe that they actually bought it at Y from the seller and are just passing on the price. There will be no transparency in the contracts. They know their investor's hard earned money will not stretch far enough for the large amount. So they will make them to get a loan from a bank using their hard earned credit. The individual investor will be stuck with land that they paid upto twice the value and a mortgage for a couple of years. The investors will only make any money if the value of the land sky rockets in a couple of years.
As an example: The group buys 1000 acres at the rate of $5K per acre. They will tell a jacked up price to the investors, say $9M. They will pocket $4M.
If an investor purchases 100 acres, he/she will pay $900K at the rate of $9k per acre, by putting a down payment of $300k and taking a loan payment of $600k.
The investor will now have a piece of land worth $500K, for which he paid $900K, and a ton of "HOPE" that it will go upto $18K/acre in 2-3 years.
They will wish them "congratulations, Good luck", and move on to the next set of unsuspecting investors.
There are several doing this especially in the telugu community. Here are a few, but there are many more.
Prathap Gonuguntla
RaviShanker Patel
Chandra Ponnapureddy
Kamlakar Poonuru
VaraPrasad Challa
Kotha Appalasuri
Please spread this message before it is too late, or the FBI starts knocking on doors.
Many of the investors dont even realize they have been scammed.
As a service to your community, forward the message and help your folks.
(Message edited by kuyyo_morro on August 29, 2023)
link
http://www.chalanachithram.com/discus/messages/115/481649.html?1693448424 |
Cine Talk - Reviews, Gossips, Insider Info etc.