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This is a great opportunity for you to forget all those HYIP'S that do not pay. Here is a company offering solid returns base on the type of properties you would like to invest in. We have properties ranging from $250,000 - $850,000. Most listings are done through MLS through the brokers and real estate agents we buy and sell properties from.
Investors interested should be willing to deposit no less than $10,000 CAD and remain in the program for 6 months. Returns after 6 months is expected to be 70% profit. Our company is base in Canada.
If you are interested you can call 416-224-0739 or e-mail nrcss@yahoo.ca. Serious Investors Only! Use Ref ID: REMOVED
Dont want to throw accusations around, just want to point out that people should be very careful here. 70% over 6 months on Canadian real estate isnt really realistic. Further there is still a VERY liberal lending environment in Canada in regards to real estate. Last the number provided is for NR Computer & Secretarial Services - 416-224-0739, so just an answering service.
Dont want to throw accusations around, just want to point out that people should be very careful here. 70% over 6 months on Canadian real estate isnt really realistic. Further there is still a VERY liberal lending environment in Canada in regards to real estate. Last the number provided is for NR Computer & Secretarial Services - 416-224-0739, so just an answering service.
All just my opinion fwiw, feel free to disregard.
Good point jason.
First off, you'll note how these guys didn't provide an address or a prospectus. Make sure you get those before you invest. Additionally, all Canadian companies are required to have audited public financial statements. Request those, and then figure out which firm did the auditing, and make sure they have a good reputation.
Second off, the real-estate climate is pretty scary here in America. The sub-prime mortgage meltdown means that demand for homes has been reduced probably by 40%. It's nearly impossible to do a no-doc loan these days, and interest rates for folks with credit scores below 700 are totally nuts. Interest rates keep climbing, which is really bad news for real-estate.
Are these guys publicly traded? Is there any way I can find a broker that will let me short their stock or buy puts on it?
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A few red flags...
70% in six months in canada is not possible even countrys with fast growing and flexible real estate market can give you such profits.
If this is a serious company they should atleast have a website and a decent email address.
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Real estate would be the last place I would be investing in at this point in time, at least in NA region. The real estate bubble is full of holes, and although it wasn't a sudden burst, it is leaking quickly and I expect to see a long overdue correction in market with a 30% drop over the next year, so how is anyone going to pay those stated returns in a down market?
I do agree with one thing stated, you are far better off in a down real estate investment market than you are in any BS HYIP. (g) Wait on real estate and you will save 30% on investments, and that is easier than losing the 30% if you purchase now. Just look at the new housing starts, dropping values, even in strong economic areas, then look at foreclosures which are up dramatically, then look at equity loans which are increasingly seeing late payments to get a clear picture. Stay away from real estate for the next year.
Was this a 15-year mortgage? 30-year? Interest-only? Option ARM?
Three years ago, you could have gotten a 30-year mortgage for about 4.0%.
It's a 30yr, interest only first 10...And yes, I know all about those great rates a couple of years ago...I had a 3yr adjustible at 4.75, that just readjusted...It basically adjusted to the rate that I refi'd for, but I wanted to combine my first/second into one, so I redid it...My bank charges a flat $100 for customers...Rate would have been about .5% lower if. I'd documented my income. The loan officer at my bank (Chase), said anything above a 700 credit scores gets their best rate, and those 640-700 get the next best, and so on...I understand the subprime situation, but I don't think getting a mortgage has gotten much more difficult for your avg. buyer...And while real estate is somewhat sluggish, my house still appreciated about 4% above the appraisal I got a year ago, ( Louisville, Ky.).
Of course there are markets where it's not so pretty right now, like Florida and Vegas...I luckily got into the Florida market at the upswing several years ago...The house I have down there would probably go for a bit less than I could have sold it for 2yrs ago...But even if I had to sell it quickly right now, I'd come out smelling like a rose...Just luck, I didn't realize the market was as hot as it was, or was about to become, just wanted a place to go chill...Another couple built the exact same house as mine, 4 doors down and for about $100,000 more...They closed just as the market was cooling and are upside down right now, but I really believe things are on the upswing there now, and the end of 2008 will be back on course...Not like they were, YET...But, give it a little time...Boomers want sunshine and golf, and they've still got the money to buy it...Just a little skittish right now.
So I don't know if I'd encourage you to invest right now or not, but if you know what you're doing, or like me, just got lucky, it can reward you quite nicely.
I see now as the best time to invest in real estate.With foreclosures at an all time high it is a great time to buy smartly at a good price in some areas.Yes, most of the U.S. is struggling but some areas are thriving.Austin and Charlotte are two very good examples of great places to buy real estate now.