Just turned down the Indiana investment as well as my hard lesso

Hi every, I just turned down the offer because I think it may not worth the efforts. Remote landlord is really headache and uncertain especially to a rookie like me! Actually 3 years ago I jumped to a real estate related private trust investment strongly recommended by a friend and I invested a six figure amount and hope it would provide a high ROI and end up a total loss and the case is still pending but I believe I couldn't cover any except IRS return. What a hard lesson without thorough considering and research to a rookie!!!.

By the way, the project involved is also remote in a Southern state, I totally believe my friend is in good faith though he is promised to get some commisions. All together more than 20 of his friends including me in US have involved in this case and total loss is nearly 1 millon. My friend alone made up almost half of that!

The lesson: Don't easily trust anybody unless you have done some research regardless whether you buy stock, MF or real estate! It's your mony you hard earned which deserves good management!!!

Hope you all can learn sth from my experice and make sound decision including but not limit to mony investment!

Thank you all for your quick response and I feel a little relief now!!
_:o

所有跟帖： 

• you are the only one here who posts RE investment loss. -pediatrician2- ♂ (197 bytes) () 06/24/2007 postreply 20:08:19

• 'This my first investment property'??? 糊涂了 -表情符号- ♀ (0 bytes) () 06/24/2007 postreply 20:21:33

• 回复：'This my first investment property'??? 糊涂了 -hbc95014- ♂ (88 bytes) () 06/24/2007 postreply 20:31:31

• So you lost in the stock market? -cultuslake- ♂ (0 bytes) () 06/24/2007 postreply 20:45:26

• which just happens to be a RE trust. -cultuslake- ♂ (0 bytes) () 06/24/2007 postreply 20:46:05

• real estate related private trust investment ? -表情符号- ♀ (0 bytes) () 06/24/2007 postreply 20:20:16

• Private annuity trust? -表情符号- ♀ (6076 bytes) () 06/24/2007 postreply 20:54:28

• Too much you leverage? Just curious. -山高月小- ♂ (0 bytes) () 06/24/2007 postreply 20:27:47

• 回复：Too much you leverage? Just curious. -hbc95014- ♂ (1282 bytes) () 06/24/2007 postreply 21:10:32

• Thanks for sharing -表情符号- ♀ (0 bytes) () 06/24/2007 postreply 21:18:04

• I totally understand this. -cultuslake- ♂ (704 bytes) () 06/24/2007 postreply 21:35:15

• 就是非法集资，哈哈 -表情符号- ♀ (0 bytes) () 06/24/2007 postreply 21:46:52

• 哈哈 -cultuslake- ♂ (172 bytes) () 06/24/2007 postreply 21:54:03

• 回复：哈哈 -表情符号- ♀ (54 bytes) () 06/24/2007 postreply 21:55:52

• 回复：回复：哈哈 -cultuslake- ♂ (132 bytes) () 06/24/2007 postreply 22:00:27

• 42,那一点不值得 -表情符号- ♀ (28 bytes) () 06/24/2007 postreply 22:03:17

• 俺那么cheap? -cultuslake- ♂ (14 bytes) () 06/24/2007 postreply 22:07:03

• 哈哈,哈哈. -shn888- ♂ (0 bytes) () 06/26/2007 postreply 02:53:44

• Big NO to invest this kind of trust. -goldilock- ♀ (61 bytes) () 06/24/2007 postreply 21:01:02

• why? -表情符号- ♀ (0 bytes) () 06/24/2007 postreply 21:09:40

• From what he describe -goldilock- ♀ (284 bytes) () 06/24/2007 postreply 21:17:05

• I talk my cousin out of a similar deal back in 2004 -jy101- ♂ (155 bytes) () 06/24/2007 postreply 21:20:21

• Exactly. -goldilock- ♀ (280 bytes) () 06/24/2007 postreply 21:26:51

• 兄弟，这是你自己犯的错误，和投资房地产无关。 -小小石头- ♂ (90 bytes) () 06/24/2007 postreply 21:19:21

• 兄弟，这是你自己犯的错误, 这叫买鞭炮让别人放. -shn888- ♂ (0 bytes) () 06/26/2007 postreply 06:02:24

• bro, I am glad you rethink your project before -jy101- ♂ (146 bytes) () 06/24/2007 postreply 21:23:55

• Thanks! I will learn and try! -hbc95014- ♂ (0 bytes) () 06/24/2007 postreply 21:35:13

• 金玉良言 -抛玉引砖- ♂ (0 bytes) () 06/25/2007 postreply 06:48:12