Have I got a deal for you!

You know our housing bubble is big when the get-rich quick crowd set up shop.

Not even Ron Popeil nor the Slap Chop dude were this shameless.

Ever heard of Lucrii Investments?

No?... I hadn't either until a faithful reader pointed me to them.

And your gonna love this one (click on image to enlarge).

Lucrii Investments appears to be a 'wanna-be'  real estate investment club.

On their homepage, they offer you the chance to get in on the real estate gravy train even if don't have the cash to get in.

"How do you buy a million dollar home with none of yours or the bank's money, or obtain more properties when you have reached your limit to borrow?"

(I dunno? Scam others out of their cash? But I digress...)

Lucrii tells you you can do this by using "Creative Techniques":

How do you buy a million dollar home with none of yours or the banks money?

One can obtain between 60-80% cash value on a property from a hard money lender. This said the hard money lender will take an agreement with the property as insurance for their repayment of the funds. Because they only lend 60-80% of the FMV of the property this requires a deal where one obtains the property for 20% below FMV or more.

How can you obtain more properties when you have reached your limit to borrow?

There are other ways to obtain properties without borrowing. One type called a Vendor take back is just this. The owner or seller of the property agrees to hold the mortgage and take payments on their property with the ability to take the property back if payments are not kept. Now if your asking yourself why someone would do this, if they own the property out right and take the mortgage themselves they earn the interest rate not the bank.

Umm... okay.

Apparently their name,"Lucrii",comes from "Dei Lucrii", which are Roman gods of profit and wealth. Is that what these guys can offer you?

"Here at Lucrii investments we only deal with investments that yield the greatest profit, to do this we use a unique method to seek out only the most lucrative deals. This is the same system that has enabled top real estate investors such as Alan Casden, Donald Trump, and Theodore Lerner to be featured in forbs magazine. What this means for you is that you will be able to enter the 20%-50% below FMV arena, but what this really means is that you will be able to confidently take control of your profits there for taking you and your family to the next level."

Umm...? Did they really just call it "forbs" magazine?  Yup...

Okay... small typo.  Doesn't mean they're a bunch of amateurs, right?

I mean they tell you right here that they have almost a decade of negotiation and sales skills...

Plus... they bring you "only deals that are significantly below market value. This spells out profit wether  on a flip or purchasing to buy and hold."

(Umm... did they just misspell 'whether' too?)

So what is this unique method they use to "seek out only the most lucrative real estate deals?". What is this system that propelled Alan Casden, Donald Trump and Theodore Lerner to fame in Forbes (forbs) Magazine?

Seriously?

The contact numbers on the flyer and on the website are the same:

Scott L

Email: ScottL@lucriiinvestments.com

Phone: 604-230-7825

Tyler J

Email: TylerJ@lucriiinvestments.com

Phone: 604-562-2148

I wonder what Google can tell us about these phone numbers.

Google is littered with results relating to the rave and DJ scene, specifically concert promotion.

In fact I'm willing to bet there's just over four years of results for Tyler and Scott ("almost 10 years experience.")

It's said that at the end of all speculative bubbles you have everyone and anybody piling in to get a piece of the action.

Clearly when it comes to our real estate bubble... we're there.

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Email: village_whisperer@live.ca
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