Investment Info:

Retail buy & hold investment in Jersey City.

Purchase price: $415,000

Cash invested: $5,000

Sale price: $502,000

2 bedroom
1 batch
1200 sqft
condo

What made you inte...

Signing a purchase contract without the ability to perform boils down to fraudulent dealing, that's why a seller needs to understand what's going on. 

There was legal table gambling, the drinking age was 18, steaks the size of car tires and she made a bundle.

One problem with commodities is that they are a bit of a gamble because the price is based purely on demand and supply and demand often changes suddenly as investor sentiment changes.The stock of a good company with good financials and good growth prospects is much easier to value because it is based on the cash flows that the company will generate.

Fraud is a popular term but legally you need the following for something to be fraudulent:1.

Just save it for her, not turn it into a massive fortune through speculation, gambling or doing RE deals which can be close to either.I wish you well and hope you do the right thing....good luck!

Not a horrible gamble on his end.... and not terrible on my end.

Well I am successful because I don't gamble.

One commenter said flipping houses isn't investing...I consider it gambling.

She signed the paperwork despite her own acknowledgement that it was wrong or even fraudulent - is she at all responsible for getting this mortgage?.....