Even if 1 in 100 of those people take the hook, that's still enough suckers to make the scammer wealthy.

If he goes to a DR course at the church for $100 he'll hear wealthy people talk about what a bind they're in.

Even the ones that do a few quick deals tend to blow up later as they rush into bad deals at some point along the way.If you want fast cash, get a job.If you want to be wealthy realize that very few people become wealthy rushing forward.

Ineptitude, dishonesty, and conflicts of interest.I believe that the entitlement mentality looms large in cultures throughout the world.

It's so simple, yet was completely ignored in pop culture REI for the past 4-6 years.

But i think the REIT would afford me the flexibility of almost no taxes and also allows me to attract more wealthy investors than a regular corporation setup.What state would you use for setting up a REIT?

Building Wealthy one house at time - John Schaub2.

Public speaking scares the heck out of most people, but it you have the guts to step out of your comfort zone, it can and will make you wealthy.

Suggestion:- 30% down on purchase/renovation costs (minimum)- 8.5 - 9.5% interest rate- 15 year am"It's just like a contractor doing a job.I can go out and find someone quick to paint my apartment unit for 500 OR I can take some time to find a painter that I can get to work for 75.00 a unit that does a good job.I believe finance is the same way in that there is a bunch of money wanting to lend at rates and conditions that are not attractive to a buyer.So you have to find a lender willing to take less than the majority so you have an advantage.A question I have thought about is would you target one really wealthy investor or a bunch of smaller loan investors??

I've spoken to a couple of lawyers here in Florida and I've been told the way the veil gets pierced here is either through committing fraud or commingling of funds.I agree that an LLC (rather than other types of entities) seems to be the best option for rental properties for most people, although apparently some wealthy people use various types of trust arrangements.