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?
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. So, in real estate that normally there is some news, like amazing, excellent, incredible, awesome, fantastic, tremendous, unbelievable. So no bad news. So, Derren, what do you think about this?
DERREN JOSEPH:
Yes, you know, again, bringing the same critical awareness you have in United five job. When you at your desk and you go for a meeting and someone is pitching an opportunity to you. You want to see the good, you want to see the bad and you want to work out for yourself with your team. Okay, what are the chances of turning this into a win for your company? I mean, again, it’s should be the same for any opportunity that comes your way. So someone is pitching to you real estate again. Yes. I know there’s a DJ there, people dancing on the stage, there’s food, there’s alcohol flowing or whatever, but you still bring your critical judgment to it. You want to see the pros, you want to see the cons. I didn’t want to sit with your team or with yourself or with your family, or whoever’s partnering with you. And you want to evaluate whether this makes sense for you and whether it makes sense on its own merit. So yes, you need to see both sides of it. There’s nothing guaranteed, in life. As you know, from your nine to five job, nothing is guaranteed. So these people who pitched this idea, you just give me all your money and you sit back, relax, chill by the pool, and just count, just look at you, just keep your phone on and check your bank account. And the money’s just raining. It doesn’t work like that.
HANNA MUSIDI:
When something is too good to be true is really not there. I mean, like I’ve heard a lot about everything that is too good to be true and actually there’s nothing in it. Anyway, Jay, do you have anything to add?
JAY KNIGHT:
Not really. I think Derren kind of hit the nail on the head on that. You just gotta be careful and anytime there’s always, positive, positive, positive, positive, positive about everything. Then as again, that’s a red flag, just be, you know, use your own critical analysis to decipher whether or not something is real or not, not fake because this is a very typical pattern and a very typical element that we see happen in real estate scams for sure.
VOICE-OVER:
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