Barry Powell, David Longoria Home Buyers Investor Program Scam Pearland Texas

    I very vaguely remember selling the condos to Kent in 1998 or 1999.  The fact is that all real estate investments have a risk, and no one can guarantee an outcome.  Real estate prices have fallen across the board in recent years.  Additionally there is very little similarity between an investor buying condos for investment and an owner occupant buying a brand new home.  The tenant buyer defaulted from day #1. I did not default with Kent.  He got exactly what he bargined for.  The tenant buyers also got everything they bargained for plus much much more.

TO ALCON, (GREETINGS FROM AFGHANISTAN)

I feel the need to collaborate the above two stories. I am also a victim of  Barry "the Weasel". I purchased 2 condominium properties in 2 years. I have to give it to the man. he is a "PROFESSIONAL CON". An expert at manipulating and separating people from thier money. On the surface, it was a great investment. However, he had family and part of his "crew" managing the complex and pocketing most of the funds.Conditions got so bad after 2 years, that the city of Houston considered condemning the complex due to the crime , drug trade going on in the complex.Drug murders, vandalism etc. In all fairness, this is none of Barry's fault. he is a real estate professional (JUST AS ADVERTISED). but nevertheless a CON. I rented both properties for 2 years. After those two years, conditions got so bad, that SECTION 8 refused to allow any of their people to live there. AGAIN THIS IS NOT BARRY'S FAULT. However, the man knows how to play on people's emotions, and I have the feeling that he knew prior to selling those units that there were problems. That is why he was so MOTIVATED TO RENTIVATE AND SELL. Buy low (2,500-5GS), put in washer/dryer, fridge, dishwasher into the units, clean the carpets, (5-8 bills at most), then sell for  30/40GS.Have his crew manage the place and bleed the maintenance fees etc. THE MAN IS BRILLIENT, A MASTERMIND...BUT nevertheless a "CON". His seminars etc, puts him in the same class as TOM VU, DAVE DEL DOTTO ETC. Hat's off to you Barry, you are "THE KING OF REAL ESTATE HUSTLERS". But you will never get another penny of my hard earned "SNAPS"!!!!

B-U-Y-E-R  ......B-E-W-A-R-E

The buyer complaining never from day one paid their obligations. They simply could not afford the payment. The only one who did any scamming was the buyer by misrepresenting what thy could afford and not paying the down payment in full as agreed. They were provided with a brand new home and talked us into an early move in with a promise to pay later.
Moral of the story, If you don't pay you can't stay. Had they paid as agreed, they would have goten exactly what they bargained for.
My phone number is 281-303-3182. I am a 31 year licensed real estate broker and I am happy to answer any question about any detail of the transaction.