The David Greene Show Ripped Off By First RE Mentor In Rolls-Royce - Episode 23
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Dec 5, 2024 Janelle Carlson, a seasoned real estate investor, reveals her harrowing experience with a fraudulent mentor who stole her investment while living the high life. She shares valuable lessons on recognizing red flags and the importance of due diligence. Janelle and her husband, Don, discuss their initial disastrous property deals, emphasizing how they lost money due to unexpected costs and the critical need for local market knowledge. This candid conversation offers insights on steering clear of deception in real estate and learning from costly mistakes.
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The Rolls-Royce Mentor Scam
- Janelle invested with her broker who projected success with luxury items.
- He stole her investment and continued his lavish lifestyle, highlighting the dangers of trusting appearances.
Recognizing Scammer Tactics
- Scammers exploit emotional connections and shared experiences to build trust.
- Vetting character and looking for manipulative behavior is crucial, especially when money is involved.
Trusting Your Gut
- Be wary of overly charismatic individuals who try too hard to gain your trust.
- Authentic people don't need to prove themselves with flashy displays or constant reassurance.