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

[RSUCHOU]

8 minutes ago, Tellugodu said:

How it’s running now ?

For now it seems to be running ok. But, consistency in Indian restaurants is not much.

[argadorn]

1 hour ago, HugoStrange said:

I feel sad for them and also angry at their stupidity

stocks lo thousands poyinappudu badha anipinchadha ah pilla pu stocks ki 

[HugoStrange]

16 minutes ago, argadorn said:

stocks lo thousands poyinappudu badha anipinchadha ah pilla pu stocks ki 

I feel sad for them, but not angry on them. They just gambled not got cheated stupidly

[argadorn]

3 minutes ago, HugoStrange said:

I feel sad for them, but not angry on them. They just gambled not got cheated stupidly

Thank you for feeling sad for me 😃

[Konebhar6]

7 hours 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.
*****
 

FBI ki complain chesina no use. As they are jacking up prices and not fraud. 
Indulo oka patel unnadu. Mana sonu naa? 😂😂

[shaktimaan]

1 hour ago, RSUCHOU said:

Most of them are well meaning gentlemen that just wanted to invest and not lose out in the rat race of peer pressure. I have nothing but sympathy for them. Well, as long as there are people ready to be cheated, there's no dearth of cheaters. 

At the same time, I know some people that really made money as well. In Houston and Dallas particularly during/after covid, some people made a few million in bail out cheques issued by the US government. That led to people wanting to invest and make money. Greed never helped a man make money, unfortunately. Seeing them, some innocent people invested for the fear of missing out. These are the ones that lost heavily. 

A kid who just finished his MS and got into his first contracting job invested ~200K in a restaurant. Let's hope he doesn't have to regret his choice.

how does a new grad have 200k? Unless they moved money form India 

[RSUCHOU]

8 hours ago, shaktimaan said:

how does a new grad have 200k? Unless they moved money form India 

Loans, I have been told. And, maybe they are loaded back home. Quite possible.

[FrankJScott]

Please use [url=https://www.google.com/]Google[/url] before posting [url=https://judibola.forum2.net/viewtopic.php?id=16749#p64127]Top Gclub Site[/url] 9ee1288

[FrankJScott]

Please use [url=https://www.google.com/]Google[/url] before posting [url=https://rapbeatsforum.com/viewtopic.php?p=61725#p61725]New Gclub Blog[/url] c9ee128