I just saw this and had to share it with everyone. It is REALLY SCARY how easy it is to scam people out of their money that are desparate for housing!
Article Author:
Joshua DorkinJoshua has written 539 articles for us.
Visit Joshua's Website: http://www.biggerpockets.com/
BiggerPockets.com was founded by Joshua Reed Dorkin in August 2004. An entrepreneur, web designer, real estate investor, and one-time realtor, Joshua was not satisfied by the online offerings of other real estate sites out there, and decided to build one himself. Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
Joshua Dorkin
Charles Feldman
Ted Karsch.
{ 9 comments… read them below or add one }
Hi..I like the video the most. Now a days real estate frauds are very common. But we should be carefull to avoid loss while buying selling , renting property / real estate
You’re right about avoiding losses, but this is really just a wake up call to people to do their research before trusting pretty much anyone they deal with in business (and yes, renting an apartment is doing business).
Real Estate agents in Britian aren’t licensed. In the USA just ask to see the license and take the number down before handing over money.
Nice video … Thanks for that information
Good advice Athol, however most rental properties I’ve ever seen are not listed with any real estate agent. Unfortunately your advice falls a bit short under that situation.
Sorry for jumping in late on this one, but that is a frightening video. Thanks for sharing.
Oh my goodness. I live in the United States and I’ve never heard of anything going on like this. Wow.
Although, I’ve mostly rented places from established apartment complexes. When I’ve looked at places owned by individual landlords, they’ve always met me there, or at least, I thought it was them meeting me there.
I wonder if anyone has tried to pull this on me before.
Scary stuff, good warning as many people just assume the person that opens the door is the owner
Hi there,
I recently decided on renting an appartment with the help of a broker.I paid the broker his fees by check along with 1 months deposit in advance.The broker had asked me to make these checks out in his name even though he worked for a company.
Now, when we are about to sign the lease the landlord called me and said that the check the broker gave him bounced/failed and the broker is making excuses and not giving him the money. I keep calling the broker and he is making a new excuse every day while the landlord is threatening to give the apartment to someone else if we don’t pay up. Please please help—my money is stuck with this broker.What ACTION CAN I TAKE ??? Will going to the police help ? Do I need to get a lawyer involved ?? Please help.