My "FlipWatch" post about two weeks ago focusing 2 current attempted-flips on eBay (& a 3rd flipped by same Fla "investor") has vanished.

Incredibly, MOHABIR SINGH admits he has not seen the two houses he has on eBay in the 14 & 17 months of his ownership. He does not even have keys for one house. He purchased all three of his Bflo "investments" from notorious flippers.

Both houses are directly connected to infamous flippers James Clark, finally gone from Bflo (thanks to efforts of Michele Johnson & Housing Court) & "First Lady" (Nechelle Vanias, North Carolina, 155 deeds since 2005).

On eBay:

> 224 Woltz (Mult. Res, AV $3K): owner "SORRY NO KEYS" SINGH MOHABIR, pd $5750, 9/19/06 to NOBLE VENTURES CDC, whose only Bflo buy at #224 was $10.5K, 3/14/05, from notorious flipper James Clark, who was finally driven out of Bflo.

"Noble Ventures" had been fined $9K 7/18/06 & $6K 8/206 by Housing Court. It is not known if those code violations ever been corrected on Singh's "Handyman Project", a three family house assessed at merely $3000 . . and lacking keys . . .

SEE: http://cgi.ebay.com/THREE-UNITS-BUFF...QQcmdZViewItem



> 237 Loepere (2 family, AV $3K): owner SINGH MOHABIR, pd $8701, 6/14/06 to JERAEMBE-NEW YORK LLC, whose only buy at #237 was $16190, 4/14/05 from notorious flipper First Lady. She paid $10877 for #237 the same day.

SEE: http://cgi.ebay.com/HANDYMAN-SPECIAL...QQcmdZViewItem


Singh also bought 292 Sobieski from First Lady for $27.8K on 4/18/06, his first buy in Bflo. She paid $10K for #292 the same day.

He flipped it at a loss for $12.9K to new-in-Bflo FISCHER SHANE LEO on 2/13/07.

As First Lady created losses for every buyer above she has a new website boasting of her "success story"

COPY: http://www.distanceinvesting.com/success_stories.asp

Success Stories

From Broke on Bed Rest with 3rd Child to Million Dollar Real Estate Company in less than 1 year.

It only seems fitting for my story to be the first success story here. One year I couldn’t afford a hotel room for my best friend’s wedding in Chicago and the next year I was building an 8 bedroom 6 ½ bathroom house because of my real estate investments. Now to get a full grasp on why gaining financial freedom is possible for everyone no matter how bad or good your current situation is, you need to understand fully what I was up against.

My husband had been laid off from the music industry and we had been running through our savings while I was on bed rest with yet our third child. His unemployment check and severance pay were ending and to make matters worse, we were going to be hit with a $1,200 health insurance charge monthly if we wanted to keep our health insurance. Well, with the third baby on the way and faced with the uncertainty of the further complications ahead, it was mandatory. That on top of all of our other bills (the mortgage, car note, maintenance on our NYC coop, private school tuition for our daughter and a myriad of other bills and debt from my previous Web development business) left us wondering how we would survive financially.

We had entered the Buffalo NY market over three years prior to build our own rental property portfolio because of the low cost of investment properties in the area. I had conceived of the concept of selling such properties on eBay as I had seen done but after departing ways with the original realtor with which we working in the Buffalo area, the idea took a back burner. This seemed like a perfect time to bring it back and figure out a way to make it happen in order to provide for my family.

So with no credit and no cash, I went into contract on my first property in Buffalo, listed it on eBay and sold it for what would have been about a $3,500 profit. Boy was that exciting. Well I had just started and made a crucial mistake in structuring the deal which ended up with my first client having no property to sell and my not having made any profit. This definitely did not deter me. I knew the idea would work, I had seen others doing it. I just needed to figure out the best system to implement in order to be successful at it. Meanwhile, I’m doing all of this from my living room couch on my lap top while on bed rest with my third pregnancy.

I forged along and for the next few months I bought and sold properties through the Internet in the Buffalo area. Now if you want to talk about the problems when your spouse doesn’t support you, my husband, said give it a try but didn’t see how I could make it work. When that first investor wired us ten thousand dollars he saw it worked but then he said it wasn’t going to be as consistent as I thought it would be. Then when we were able to pay our bills every month of at least ten thousand dollars each month, he then said well he still needed to find a job. Within just a few more months he announced he wasn’t going back to work. Through all of his doubts I could have just gave up and who knows where we would be now. But I kept moving forward even when he didn’t want to join the business.

That didn’t last long, when three failed attempts to forge a working relationship with a property management company in Buffalo ended, I knew we needed to hire our own full time employees to handle property management. You see without someone to watch the investments, it didn’t make sense for our clients, now as far away as Australia, the UK and all over the United States, to buy from us. My husband recognized that I wouldn’t be able to handle the sales and marketing as well as the property management. So he decided to put his music on hold and run both the property management division and our books.

In that first year we did over a million dollars in sales just helping other investors build their real estate portfolios. Today we not only are in the Buffalo market but we’ve expanded to Detroit, Michigan and Charlotte, NC but we’re always looking for a new market. Additionally, we don’t only work with our investors in rental properties, but in rehab projects, townhouse development and mortgage notes. We’ve launched this site to serve as a hub for real estate investors looking not just in their own backyards but where the deals are, hence the name DistanceInvesting.Com. We’re also debuting Real Estate Investor Magazine and have plans for a TV and radio show.

I volunteer every Friday at my daughter’s school. I took off four months last year and worked casually all but two months when we were very busy. I choose to work because I love building businesses. We have the tools now to make as much money as we want. I choose to live well but not to sacrifice being available to my children. I can still do whatever, whenever or I can do nothing at all….now that’s financial freedom, thank you real estate a million times over!

Nechelle Vanias, First Lady Holdings, LLC

If you have a success story you would like to share, let us know, no matter how big or small. Whether you finally did your first deal or whether you made your first million, your story could be the thing that takes the person reading it to the next level. Send your stories to success@distanceinvesting.com.


NOTE: Of interest, all the links on her website are dead, as she is perhaps the most notorious recent flipper in Bflo . . . whose name has never been publicly mentioned.