Skip to content 
HANNA MUSIDI:
Hi, my name is Hanna and today we have our US tax expert, Derren. We also have our US real estate and legal expert, Jay. We will be discussing Us real estate forensic.
VOICE-OVER:
This podcast channel it’s about you, successful international entrepreneurs, successful ex-pats, successful investors. Sponsored by HTJ.tax
HANNA MUSIDI:
Hi, we’re live. My name is Hanna and I’m based in Indonesia and I’m working in an international tax team. And today we will talk about your US real estate forensic. And this episode is about a real estate scam. So right now I’m here with two of our experts. So first of all, Derren, would you mind introducing yourself?
DERREN JOSEPH:
Hi, thanks, Hannah. Hello everybody. So we continuing this series. My name is Derren Joseph, and I’m an international tax consultant with a team called Moores Rowland and my specialty is an international tax in general, but US international in particular. Good to be here.
HANNA MUSIDI:
Jay, would you mind introducing yourself?
JAY KNIGHT:
Yeah, sure. My name is Jay Knight. Thanks very much for having me again. I am an international real estate investor and I also am a real estate broker from California. So, great to be here. Thank you.
HANNA MUSIDI:
Okay. One is the emphasis on a luxurious lifestyle, the first person I’m going to ask about this is Derren. What do you think about it?
DERREN JOSEPH:
So, you know, as we were saying offline, there are a lot, unfortunately, there are a lot of scams out there. And so we’re trying to find patterns and given our experience, dealing with people who either pitch actual real estate projects or real estate courses and definitely, as Hannah, as you said, the number one thing is an emphasis on this luxury lifestyle. The presenter or the person who’s pitching tries to give the impression that they’re already wealthy. If it’s online, they’re normally posing in front of like a Lamborghini or a really big house, either the inside of a really big living room or inside of a huge mansion and subconsciously. So they just want to give the impression of success. As to whether it’s genuine or not, who knows, but we know from experience those either the projects that don’t work out or the courses that have a lot of complaints, it starts off with someone giving this impression that they are enormously wealthy and successful and by extension so could you.
HANNA MUSIDI:
I see, so Jay do you have anything to say about the emphasis on a luxurious lifestyle.
JAY KNIGHT:
Yeah, I know. I mean, I think that really the key point here is that when we’re doing this episode, we’re really want to warn people about what to look for as would be red flags for what a scam could be. And that is probably the number one thing is that most of these are going to be triggered by the fact that they want to flaunt that they have made some sort of enormous wealth through this kind of a course or through this seminar that they went to or something that they’ve pitched. And then, therefore, since they’ve done it, you can do it as well. It’s not hard. Anybody can do it and they lure you in with this type of, wow, you know, look how much I’ve done, like how successful I am. And all you need to do is sign up for this score and I give you your credit card number and off you go. So that is definitely one of the biggest red flags for scams for sure.
VOICE-OVER:
Please subscribe, like, share and comment below. Our books and upcoming events are available at HTJ.tax. Email us at help@htj.tax to engage us to advice on international tax or business matters.
