Re: seminar talk… maybe - Posted by Bill W.
Posted by Bill W. on June 20, 2001 at 12:57:21:
John,
I am an investor of many years. My first seminar was with Albert Lowery in the 1970’s. Al went bankrupt but I am still going strong. Sorry, but your story does sound like seminar talk to me. Although, I have seen a lot of money made on real estate. John, why did the bank need you for 2 hours? What knowledge did you have that the bank did not and they were willing to pay you so very much money? Don’t they have an in-house staff to take care of all the details? I used to work in a bank and find it odd that they would bring in an “outsider” so to speak. I have noticed (and read) that banks have gotten very savy in the past few years about dealing with repos. They have discoved that they can make the profit (after the right of redemption period is over).
I am just wondering what bank would cut you in for 17k…or was it 34k, for 2 hours of “knowlege” that they did not have? Just wondering.