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darklord700 · 08-03-2011, 09:08 AM

On the flip side, I know someone who used to sell one of these condo/land investment deals that eventually went belly up.

He told me it's guaranteed that I'll make 25% in 2 years, blah blah blah.

I said no one can guarantee 25% return in 2 years. He said this is legit, they already have buyers lined up to flip the investment to in the next couple of months. And I said, if you have buyers lined up already and this was a sure thing, when didn't the company invest in it and make the 25% themselves instead of letting me profit from it?

The sad thing is, he actually believed in it and even bought some himself. And someone I know bought some from him as well. Needless to say, no one brought up this deal in our conversation anymore nowadays.

08-03-2011, 09:08 AM	#4
darklord700 First Line Centre Join Date: Oct 2009 Exp:	On the flip side, I know someone who used to sell one of these condo/land investment deals that eventually went belly up. He told me it's guaranteed that I'll make 25% in 2 years, blah blah blah. I said no one can guarantee 25% return in 2 years. He said this is legit, they already have buyers lined up to flip the investment to in the next couple of months. And I said, if you have buyers lined up already and this was a sure thing, when didn't the company invest in it and make the 25% themselves instead of letting me profit from it? The sad thing is, he actually believed in it and even bought some himself. And someone I know bought some from him as well. Needless to say, no one brought up this deal in our conversation anymore nowadays. Last edited by darklord700; 08-03-2011 at 09:11 AM.