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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:
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HANNA MUSIDI:
Hi, we’re live. Hi, my name is Hanna and I’m based in Indonesia and I’m working in an international tax consultant 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?
DFERREN 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. Okay. So now number two, subjective self-description, this time I’m going to ask Jay, what do you think about that?
JAY KNIGHT:
Yes, so this is kind of, it kind of ties in to the luxurious lifestyle because I mean, a lot of these people that are just outright scammers. The first thing they want to do is they want to lure you in through showing you images of their success, whether like it’s there and said, you know mansions or, having parties on yachts or flying on private jets or whatever. But a lot of the times, what you also need to look for is how they describe themselves. I mean, if they have one line about themselves as just as successful real estate investor, they don’t really have any credits to their name. They don’t have any kind of books to their name. They don’t have anything that really gives them any credence, other than just kind of the short descriptions, calling themselves, this innovative, creative real estate investor, so forth and so on. This is also something that we really want to want people to look for in terms of their credibility. If they have some sort of credits and books, or if they’ve been written articles or have been published in other journals, then okay, then that would be a little bit more of a comfort zone for someone to take them for their word. But if they just have a short description of themselves, you really want to be careful and look out for that is as a red flag for some sort of scam or a bs artist.
HANNA MUSIDI:
Yes. Well, do you have anything to add Derren?
DERREN JOSEPH:
Well just to add to what Jay just said. I’ve seen situations where someone may even have published books and they’re giving it out and they have pictures in the books of them with for example, the president of the US or members of his circle, his family members and stuff like that.
HANNA MUSIDI:
But this is of course is not your book becuase your book are legitimate.
DERREN JOSEPH:
I mean, the thing is that in Asia, well, I guess we told them about two things.We’re talking about real estate projects and we talking about courses. So courses are one thing, but when I’m thinking about other projects, they tend to target higher income earners in Asia. And these are people that have been enormously successful in their own line of work. They’re running their own successful businesses. And for some reason, the level of critical awareness that they bring to a business deal for the nine to five job, they leave it at the door when they walk into a real estate project pitch. And they allow, you know, the flashy cars, the private jets, the boats, the pictures of themselves, of the person who’s pitching with some member of the president’s family and they allow that to cloud their judgment. So, I guess it’s all about bringing the same critical winners that you have from your nine to five job to this opportunity. And that’s all
HANNA MUSIDI:
I see.
VOICE-OVER:
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