does this sound like a scam? - Posted by Eric

Posted by Ronald * Starr on May 24, 2001 at 20:54:25:


I looked at the website you mentioned. They are selling houses in New York. Is that where you want to buy?

From the advertisement, these are “blue ribbon deals,” tied up tidy with a bow. Bill Greene always preached to avoid the b. r. deals. There is usually no profit potential for the buyer of a b.r. deal, the seller took it all out.

I suspect you will do better on your own, looking for properties not listed with brokers and not tidily-tied up with a blue ribbon.

If you wanted to buy where they have houses for sale, check the area with if you can. And call some real estate agents. I suspect these are not good deals for the buyer, only for the seller.

Good Invesing*******Ron Starr**************

does this sound like a scam? - Posted by Eric

Posted by Eric on May 24, 2001 at 13:44:22:

Hi guys, I bought the Sheets tapes while looking for a home. I bought a 2 family to live in, while renting out the other apt. and i’m still looking for any exceptionally good deals out there. I ran across this ad in a for sale by owner magazine for homes for sale, where the add reads “owner assisted financing with no money down, no closing costs for 199/month.” Is this some kind of scam, or are these legit purchases? It seems like a low-risk, profitable venture, but I’m always wary of things that are too good to be true.
Their website is


No scam… - Posted by B.L.Renfrow

Posted by B.L.Renfrow on May 24, 2001 at 23:13:16:

That is Bob Eberle’s web site. He’s an investor in the Albany, NY area, who posts here occasionally.

Brian (NY)

Not a SCAM, but… - Posted by JT - IN

Posted by JT - IN on May 24, 2001 at 21:07:48:

This sounds like the 40 acres in colorado for $ 40 per month, deal. Great property, if you were born with one leg a foot shorter than the other.

Remember "If it sounds to good to be true it probable ___ "(you can finish this one).