Real Estate Information
Home Find a topic Links Guest Book
Welcome

Fantasy Gap [fast money in real estate]


I was in the rental business for seven-years, made 1.3 million dollars the first five years, got ill, and had to get out of it slowly, but had the money to do it. I could have made five million had I stayed in another five years. But my point in is this: I watch TV, on all these quick ways to make money, and people really belief this crap. I mean, I owned seven buildings, but I worked 24/7. Ended up in court a dozen times; fought with the State over this and that. I mean, you don't get it for nothing like these TV fantasy folks would have you belief. Just buy this and that and don't invest, and you'll make it. First of all you need credit. Second, if you don't have $20,000-in the bank, if a furnace goes out, or your gas pipes go out, or whatever, who is going to pay for it? What can happen, will happen; the fantasy people forget to add that little equation into the formula.

But why do people fall into this group? I thought about it, and being a licensed counselor, I met a lot of people who fell into this gap. I call it the fantasy gap. Everyone herds to them like wild geese. These TV folks tap into your fantasies. Easy to do, even Hitler said: "It is easier to fool the masses than the few." He also was tapping into human nature. That is where the fantasy festers. Make a romance for them, and quick to the fantasy, and find the needy, shake it up, and you got your clan.

What some people do is create a reputation, and then live on the momentum it has. For instance, I could go around saying: look at me, what I made from rental property. I can show you how to do it. Buy my book, and so forth and so on. And when you review my background you will say: yup, he has what he says he has. Now I got you buying my book, and I look good from my reputation, and I did make the money. But the fantasy is: you can have the gold for simple minerals, like an alchemist would have you believe. Not much work involved, just sign your name, and claim the goods. It is not like that.

A confirmed reputation, and now I got your money to show you I got wealth. Many of us fall stupidly into money needs, and think a miracle will happen. That is not the way it works. You cannot cajole the devil and expect to come out on top. If you fell into bankruptcy, it is because of your mismanagement of your money, it is as simple as that.

These phony goofballs on TV, do not demand the truth, as I am doing, reality is not prepared to pay the handsome price they want, truth is not part of the fantasy, lies are the fantasy, nor will it draw you to them to buy what they are selling. But gold that is made from sand will catch your attention. Like the man says on TV, jus sign your name here, and you'll make $30,000 in 30-days. If that was the case, what's he selling books for.

Author/writer Dennis Siluk, has written in counseling magazines during the l990's, as a licensed counselor, and looks now at how people fall into the fantasy gap in real estate. He lives in St. Paul, MN, and Lima, Peru http://dennissiluk.tripod.com


MORE RESOURCES:

Ghana Broadcasting Corporation

German officials move to save Hypo Real Estate
MarketWatch - Oct 5, 2008
By Polya Lesova & Tom Bemis, MarketWatch NEW YORK (MarketWatch) -- The German government moved Sunday night to save Hypo Real Estate with a 50 billion euro ...
Solution found for Hypo Real Estate - BaFin chief Reuters
European Crisis Deepens; Officials Vow to Save Banks (Update1) Bloomberg
European Banks: The Bailouts Continue BusinessWeek
Financial Times - MarketWatch
all 1,155 news articles


Times Online

German Stocks Fall Most Since January; Hypo Real Estate Slumps
Bloomberg - 8 hours ago
Hypo Real Estate, the nation's second-biggest commercial- property lender, tumbled 37 percent as the government and the country's banks and insurers agreed ...
Video: Wall St.'s worst week in 7 years ReutersVideo
Hypo Real Estate tripped by funding strategy MarketWatch
Germany Rescues Hypo Real Estate Deutsche Welle
Reuters - MarketWatch
all 1,272 news articles


Real estate roundup: BPA leases Vancouver space
Bizjournals.com, NC - 7 hours ago
New & Neville Real Estate Services represented Cricket. •Foam Street Investments LLC purchased The Parkview Apartments, a 104-unit complex at 7808 NE 12th ...
Real estate deals Sarasota Herald-Tribune
all 4 news articles


Agnew Launches Translation Task Force to Help Financial, Banking ...
MarketWatch - 1 hour ago
There are even some that still believe that the real estate professional's commission is paid by homeowners rather than by the seller, and do not know that ...


McCombs, other Texas businessmen form new real estate venture
Bizjournals.com, NC - 1 hour ago
A group of Texas real estate and business veterans are launching a new development company. Dually based in San Diego and Austin, The Flagship Group is ...
Development and Business Veterans Announce The Flagship Group MarketWatch
all 13 news articles


CB Richard Ellis Realty Trust & Duke acquire real estate portfolio
Bizjournals.com, NC - 2 hours ago
As part of a joint-venture agreement, CB Richard Ellis Realty Trust and Duke Realty Corp. have acquired four fully leased properties for $139.1 million. ...
Duke Joint Venture Acquires Four Properties Inside INdiana Business (press release)
CB Richard Ellis, Duke Realty purchase 4 industrial properties Dallas Morning News
all 9 news articles


Real estate wrap: Rowan opens first building at technology park
Bizjournals.com, NC - 7 hours ago
BPG Properties Ltd., a private equity real estate fund manager, bought two apartment complexes in Connecticut, making its first acquisition in that state. ...


Commercial real estate feels pinch
Minneapolis Star Tribune, MN - 10 hours ago
The commercial real estate market in the metropolitan area and across the county has been feeling the effects of the subprime housing lending meltdown for ...


Alico Restructures Real Estate Contract, Receives $2.5 Million
MarketWatch - 3 hours ago
The West and Crockett parcels appear to be ideally situated for future growth when the real estate market rebounds." Alico, Inc., a land management company ...


DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. (DRP ...
MarketWatch - 2 hours ago
NEW YORK, Oct 06, 2008 (BUSINESS WIRE) -- DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. (DRP: , , ) declared a distribution of $0.08 per ...

Real-Estate - Google News

Home | Guest Book |Site Map | Recommended Resources | Search

Powered By: TJTMEDIA

© 2006
Google