Apprentice Wanted

by Osman Parvez

Enjoying the warm and sunny weather this week in Boulder, I took a long walk Thursday afternoon. As I strolled, I happened on this sign lying in the dirt.

Ahh, the memories...

It seemed only yesterday. Late night TV and radio were filled with ads for how to make a killing in real estate. The gurus promised "no money down" techniques and portrayed a steady stream of recent real estate millionaires who were paupers only a few months earlier. The ads promised your life would change completely by simply having the wisdom to use other people's money and paying for a "no risk" seminar, book, or training program.

One nice thing about real estate becoming more rational, and in many formerly overheated markets cooling dramatically, is that people stop thinking that real estate is a fast and easy way to wealth creation.

Now, I don't know what you're doing as an apprentice to earn $20,000 per month, I didn't bother to call the number. I imagine you're supplying your excellent credit score so the "expert" can help you buy a house. Maybe several houses. Perhaps it's legitimate but I doubt it. It's more likely it's something on the shady side of law, like an inflated sale price coupled with inflated appraisals and kick backs. Any way you shake it, what this sign promises simply doesn't pass the sniff test.

I'm too busy these days to dig any deeper. If someone wants to investigate and write up a guest blog post, give me a call. I'll give you the phone number off the sign and help you with the write-up.


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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.