Great Andhra real estate story... Never heard of this...

[hunkyfunky2]

anyone know about this? 

 

[Konebhar6]

1 hour ago, hunkyfunky2 said:

anyone know about this? 

 

@csrcsr vesadu ee thread. No one knows abt this scam. I think as usual GAS reporting by Gasandhra. 

[hunkyfunky2]

3 minutes ago, Konebhar6 said:

@csrcsr vesadu ee thread. No one knows abt this scam. I think as usual GAS reporting by Gasandhra. 

Their previous story about proxies is 100% true... 

[Thokkalee]

Didn’t hear about this.. but some people made lot of money in pooling money and buying lands.. they took nearly 20% of the total amount as the finders fees.. I know couple of guys who made few millions by doing some deals like this.. 

but whoever bought shares in that lost money as the land values are going down.. they cannot come out of it unless someone else is willing to buy their share… 

[Konebhar6]

1 minute ago, Thokkalee said:

Didn’t hear about this.. but some people made lot of money in pooling money and buying lands.. they took nearly 20% of the total amount as the finders fees.. I know couple of guys who made few millions by doing some deals like this.. 

but whoever bought shares in that lost money as the land values are going down.. they cannot come out of it unless someone else is willing to buy their share… 

Ilanti vatillo mostly money make chesedi brokers and builders ee. Smart people get in early, sell when its craxy and make money. Ppl who buy at top are stuck.

[csrcsr]

6 minutes ago, Thokkalee said:

Didn’t hear about this.. but some people made lot of money in pooling money and buying lands.. they took nearly 20% of the total amount as the finders fees.. I know couple of guys who made few millions by doing some deals like this.. 

but whoever bought shares in that lost money as the land values are going down.. they cannot come out of it unless someone else is willing to buy their share… 

https://youtu.be/Wp1cusmK5W4?si=2xUOk-6Ni_KTd-YW

 

[Spartan]

yes true scam

[csrcsr]

1 minute ago, Spartan said:

yes true scam

avuna  how Anna ?? you know any specifics ,antha naive ga dabbulu ichestara ?

[Konebhar6]

12 minutes ago, Spartan said:

yes true scam

Ekkada? Inka emem chudalsi vastado entoo..

[Spartan]

1 hour ago, csrcsr said:

avuna  how Anna ?? you know any specifics ,antha naive ga dabbulu ichestara ?

 

58 minutes ago, Konebhar6 said:

Ekkada? Inka emem chudalsi vastado entoo..

Bay Area nunchi chala mandi groups form chesi maree invest chesaru

Texas on ground lo unnollu made money and jump

yhese people are left woth useless wortless lands

[Konebhar6]

3 minutes ago, Spartan said:

 

Bay Area nunchi chala mandi groups form chesi maree invest chesaru

Texas on ground lo unnollu made money and jump

yhese people are left woth useless wortless lands

Can’t feel bad for those guys. It was bound to fail from beginning.

[Spartan]

25 minutes ago, Konebhar6 said:

Can’t feel bad for those guys. It was bound to fail from beginning.

NVESTING SCAM ALERT: 

Please forward to all your friends in the US.
****
There are some realtors in the US Indian American community who are wholesaling Texas farmland and promising huge returns to unsuspecting investors and pocketing their money. It a 'get rich quick' scheme. This is how it works.

They buy large acreage farmland for $X from a seller, and tell individuals they bought it for them at $Y. They will pocket the difference. They will not disclose to them who the original seller is or what price they bought it at. They make quick money in the process because Y can be anywhere from 1.5 to 2 X. They will make you believe that they actually bought it at Y from the seller and are just passing on the price. There will be no transparency in the contracts. They know their investor's hard earned money will not stretch far enough for the large amount. So they will make them to get a loan from a bank using their hard earned credit. The individual investor will be stuck with land that they paid upto twice the value and a mortgage for a couple of years. The investors will only make any money if the value of the land sky rockets in a couple of years.

As an example: The group buys 1000 acres at the rate of  $5K per acre. They will tell a jacked up price to the investors, say $9M. They will pocket $4M.
If an investor purchases 100 acres, he/she will pay $900K at the rate of $9k per acre, by putting a down payment of $300k and taking a loan payment of $600k.
The investor will now have a piece of land worth $500K, for which he paid $900K, and a ton of ‘HOPE’ that it will go upto $18K/acre in 2-3 years. 
They will wish them "congratulations, Good luck", and move on to the next set of unsuspecting investors.

There are several doing this especially in the telugu community. Here are a few, but there are many more.

Prathap Gonuguntla
RaviShanker Patel 
Chandra Ponnapureddy 
Kamlakar Poonuru  
VaraPrasad Challa 
Kotha Appalasuri

Please spread this message before it is too late, or the FBI starts knocking on doors. 
Many of the investors dont even realize they have been scammed.
As a service to your community, forward the message and help your folks.
*****
 

[Spartan]

texas lo land ekkuva undi ani..land amminru..

San Jose lo condo complex meeda kuda fraud jargindi..

pattukunnadu a desi gadini.. @csrcsr

[rapchik123]

1 hour ago, Spartan said:

NVESTING SCAM ALERT: 

Please forward to all your friends in the US.
****
There are some realtors in the US Indian American community who are wholesaling Texas farmland and promising huge returns to unsuspecting investors and pocketing their money. It a 'get rich quick' scheme. This is how it works.

They buy large acreage farmland for $X from a seller, and tell individuals they bought it for them at $Y. They will pocket the difference. They will not disclose to them who the original seller is or what price they bought it at. They make quick money in the process because Y can be anywhere from 1.5 to 2 X. They will make you believe that they actually bought it at Y from the seller and are just passing on the price. There will be no transparency in the contracts. They know their investor's hard earned money will not stretch far enough for the large amount. So they will make them to get a loan from a bank using their hard earned credit. The individual investor will be stuck with land that they paid upto twice the value and a mortgage for a couple of years. The investors will only make any money if the value of the land sky rockets in a couple of years.

As an example: The group buys 1000 acres at the rate of  $5K per acre. They will tell a jacked up price to the investors, say $9M. They will pocket $4M.
If an investor purchases 100 acres, he/she will pay $900K at the rate of $9k per acre, by putting a down payment of $300k and taking a loan payment of $600k.
The investor will now have a piece of land worth $500K, for which he paid $900K, and a ton of ‘HOPE’ that it will go upto $18K/acre in 2-3 years. 
They will wish them "congratulations, Good luck", and move on to the next set of unsuspecting investors.

There are several doing this especially in the telugu community. Here are a few, but there are many more.

Prathap Gonuguntla
RaviShanker Patel 
Chandra Ponnapureddy 
Kamlakar Poonuru  
VaraPrasad Challa 
Kotha Appalasuri

Please spread this message before it is too late, or the FBI starts knocking on doors. 
Many of the investors dont even realize they have been scammed.
As a service to your community, forward the message and help your folks.
*****
 

where is the scam in this ? they are just jacking up the prices and stupid people seem to be buying them 

[Spartan]

4 minutes ago, rapchik123 said:

where is the scam in this ? they are just jacking up the prices and stupid people seem to be buying them 

luring in people to buy it