Avoiding Real Estate Scams Phoenix AZ

It is relatively easy to protect yourself from real estate scams if you know what to look for and where to look. In this article you'll find expert advice on how to avoid such scams.

Local Companies

Glendale
(602) 285-0200
1702 East Highland Avenue Suite 202
Phoenix, AZ
Property Management Specialist
(602) 230-1988
5229 N. 7th Avenue #201
Phoenix, AZ
Mercury Development
602-315-8368
3508 N. 7th Street
Phoenix, AZ
Sperry Van Ness
480-425-5502
2525 E. Camelback Rd., Suite 550
Phoenix, AZ
Vestar Development Co
602866-0900
2425 East Camelback Rd, Ste 750
Phoenix, AZ
Vestar Development Co.
(602) 866-0900
2425 East Camelback
Phoenix, AZ
Plaza Executive Suites LLC
602-424-5700
2942 N 24th St
Phoenix, AZ
Metro North Realty
602-290-1484
8808 N. Central Ave
Phoenix, AZ
Apartment Hunters
(602) 863-1500
10255 N 35th Ave
Glendale, AZ
Apartment Hunters
(602) 863-1500
10255 N 35th Ave.
Phoenix, AZ

provided by:




Real estate scams are nothing new. They are also not difficult to spot. Although most victims won’t fall for buying the Brooklyn bridge or property on the moon, there are many variations of real estate scams. Victims tend to be those that have little real estate investment experience or that neglect to perform even casual due diligence. Although it’s easy to get swept away with ideas of how your life could change with a windfall of cash from a real estate investment, it’s also relatively easy to protect yourself from scams if you know what to look for and where to look.

 

Spot real estate scam promoters

Have you ever noticed that the most successful people you know never talk about being successful? Have you noticed that those with money rarely talk about how much money that they have or make? The number one thing scam promoters have in common is a focus on their lifestyle. This can include driving fancy cars, indulging in fancy dinner meetings or wearing expensive clothes. If you see someone spending exorbitant amounts of money on lifestyle expenses, it may not be the kind of person you want managing the expenses of an investment project.

 

Beware of “no work” and “no risk”

You should not go into any potentially high returning investment thinking it will involve zero work. Higher returns are generally equated with higher risk and that includes the chance that you may have to get more involved at some point. A promoter selling a high-returning investment as “no work” and “almost guaranteed” should be an immediate and powerful red flag. As with any investment, you should be willing and able to get involved if the investment does not go as planned.

Click here to read the rest of the article.

NuWire Investor is an online publication that offers quality information about alternative investments such as real estate, commodities and franchises.

Author: Jeremy Ames
Copyright © NuWire Investor and NuWire, Inc 2007. All rights reserved. NuWire Investor material may not be copied, reproduced, redistributed, published or modified without the prior express written consent of NuWire, Inc.

Featured Local Company

Glendale

(602) 285-0200
1702 East Highland Avenue Suite 202
Phoenix, AZ

Related Local Event
Commercial Construction Show
Dates: 6/2/2009 - 6/4/2009
Location: Phoenix Convention Center
Phoenix, AZ
View Details