Rossi Headlining Foreclosure Conference
Ex-state Sen. Dino Rossi (R), a possible NRSC recruit to take on Sen. Patty Murray (D-WA), can't catch a break these days. The latest: He's a featured guest next week at an event teaching real estate investors how they can profit off of foreclosures.
An invitation for the May 25 event hosted by Steven Marshall, a partner in the Homeowner Conference, begins thusly: "With the current financial and real estate meltdown an opportunity has been created like never before in history." So Rossi, touted both as the '08 GOV nominee and principal of Coast Equity Partners, and a panel of other investors are teaming up for a dinner at the Bellevue Maggiano's to teach real estate investors some tricks about the market.
Among the top 8 lessons participants will learn include: "The 7 critical mistakes you do NOT want to make when buying foreclosures"; "How to consistently earn over a 50% ROI [return on investment] per year buying and selling foreclosures"; and "The 9 secrets behind Washington's most successful foreclosure investors."
More information about the dinner is here
Here's an upside to smooth it over for Rossi: the event benefits the Ronald McDonald House Charities, according to the invite.
Update: A GOPer familiar with Rossi's situation said, "Dino is often in demand as a public speaker and has an existing contract with Cobalt Mortgage to give opening remarks at seminars they hold for Washington State businessmen and women. The context of his remarks focus on sharing his story about how he got his start in the commercial real estate business. They have nothing to do with foreclosures and in fact, Dino has had no involvement with foreclosure investments throughout his real estate career."
NRSC spokesman Brian Walsh added of the potential race, "If Patty Murray spent half the time focusing on the Washington economy as she apparently does worrying about a Dino Rossi candidacy perhaps her state's unemployment wouldn't be standing at 9.2%. It's remarkable that as she oversees this smear campaign she apparently has no problem similarly disparaging the work of Washington businesses and investors."
Here's the actual agenda (and headline billing goes to John Curley formerly of KING-TV) for the seminar to benefit Ronald McDonald house:
1. The 7 critical mistakes you do NOT want to make when buying foreclosures.
2. How to consistently earn over a 50% ROI per year buying and selling foreclosures.
3. How to profit from the Obama Homeowner Stimulus Plan.
4. How to analyze any investment property for greater profits with less risk.
5. Eight key mortgage mistakes and how to avoid them.
6. How to create a "Real Estate IRA or 401(k)" to invest in undervalued properties.
7. The 9 secrets behind Washington's most successful real estate investors.
8. How to refinance to the lowest interest rates in US history.
9. The tax advantages, asset protection, and "alternative" investments available with a "fully" self-directed IRA or 401(k).
You misquote one of the nine items (#7), substituting "foreclosure" for the more generic and less inflammatory "real estate." Guess it shows the risks of blog reporting without checking the actual sources first. Perhaps it would have helped to actually visit the link you included.
Was this another "anonymous" feed from the DSCC?
If Murray is that opposed to others making a profit, perhaps she should give up her lucrative taxpayer paid paycheck, perks and benefits she enjoys at our expense.
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I don't get it... why would anyone buy a foreclosed property if they were guaranteed to lose money? How is this seminar bad?
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