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March 27, 2006
Companies that offer services-too good to be true
What do you think about a company that will teach you how to flip properties, what too look for,were to find them, has a list of preforclosures. Once you find the property you get 1% finders fee. They will then lend you 200,000 to buy the property. Any fix-up that has to be done they pay for. Once property is sold they give you 20 to 30% and they get the balance. "They take all the risks". Does this sound to good to be true....or do you think I can do this w/out them. It cost 5,000 dollars upfront before learning or buying anything. I get to use their money. They are out of Arizona and I live in New England....
Here's the deal. If you give this company $5000 you take the risk, not them. Yes, I believe it is "too good to be true".
I do think you can do this without them but not without some other training on foreclosures. I know that you can do it on your own with good training. Get some good courses on Foreclosure investing, attend a bootcamp, use the coaching that comes with the program and go for it yourself. If you find a good deal then finding the money is easy.
Posted by paulwells at March 27, 2006 7:21 AM