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Real Estate News – FBI getting involved in Real Estate
Real Estate News Overview:
The FBI has found new ways to detect and combat mortgage fraud.
One example involved a national FBI initiative that uses statistical correlations and advanced computer technology to search for companies and individuals with patterns of property flipping.
They are using techniques such going undercover and installing wiretaps to collect evidence. They are even coordinating with the SEC to assess allegations of financial statement manipulation, accounting fraud and insider trading that may have contributed to the current economic crisis.
Real Estate Investor Coach Response:
Is this cause for the real estate investor to be alarmed? Perhaps, depending on how you run your business. As for me personally, I never make any promises that I can’t keep or do anything manipulative or illegal. I strive to maintain open communication, disclosure, honesty, and integrity with everyone that I do business with. Perhaps that is why I have a wall in my conference room covered with client testimonials.
Am I perfect? Absolutely not. Could I have opportunities to manipulate or illegally sway things in my favor? Of course, however never have I or will I steep to that level. There is absolutely no need to do those things in this business because there are too many ways to make money doing things the right way.
Remember, flipping properties isn’t illegal. Buying low and selling high isn’t illegal or unethical. Negotiating wisely to get the best deal possible isn’t illegal. Do things the RIGHT WAY, get testimonials from clients, have open lines of communication, do business with integrity and you’ll never encounter a problem that you can’t overcome.
I applaud the FBI for stepping in to remove the corrupt investors that give us good investors a bad name.
This is a very interesting and important topic of discussion, and I would like to know your thoughts. Make sure you post your comments below.
To your Real Estate Investing Success,
Brian Evans
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