But they typically abscond with the rest, squandering it on personal expenses or high-flying life styles.COMMENT: This is common for any type of fraud.They may also use some of the proceeds to support an elaborate "Ponzi" scheme in which money coming in from the sale of new notes pays the interest on older notes.

I must be missing something because I don’t see how this equity harvesting scheme is supposed to add income in his pocket.

Today those numbers would certainly be higher… so your funding is a big concern to me on the ‘flips” side.I sort of point you back toward the old adage that real estate is not a get rich quick scheme.  

What I appreciate about President Biden's proposal is that it reduces the pressure on local High Cost of Living (HCOL) governments to institute their own schemes. 

Buying in up and coming neighborhoods, at least around here, is not a get-rich-quick scheme.

Ponzi Scheme!

Guess I’m not the only professional who can see you are largely just a bait and switch transparent-less property management Co likely just scheming folks.Lastly, our proof is with our gleeful and overjoyed clients.

Ponzi Scheme!

Thanks Patrick, I never knew about that scheme.

We who knew and liked John were at first shocked and then saddened that he had "gone over to the dark side". those pump and dump schemes are still alive and well originating out of Utah..