Quote:
Originally posted by missjeff
Speaking of Prepaid legal what exactly is that. Is it selling legal services to people. I went to a convention and I saw that they were having a conference and I was curious. Also, your friends that do real estate on the side, what exactly do they do because I have been thinking about doing appraisal............I'm glad I'm not the only one needing a second part-time job. I'm really trying to do something at home, but seems like most of the stuff in not legit.
|
Prepaid legal is basically a pyramid scheme. People pay a monthly fee and have access to lawyers/legal advice. You try to sign people up and you get a kick back monthly [until they cancel]. Then if the people you bring in bring in other people, you move up the ranks. The service itself is decent, but if you're not a people person you won't make money selling it.
The person I know who's involved in real estate on the side has GREAT credit and basically will buy a lot in nearby new releases of housing developments, hold onto it until the house is acutally built, then sell it. Most of the time she only holds onto them for six months or less. Some of them she never even sees in person. It's flip w/o any singificant improvements.