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Updated over 4 years ago on . Most recent reply

User Stats

2
Posts
2
Votes
Noel Rodriguez
  • Homeowner
  • Milwaukee, WI
2
Votes |
2
Posts

Connected Investors

Noel Rodriguez
  • Homeowner
  • Milwaukee, WI
Posted

Wood anyone one recomend Connected Investors for me to start a business in real estate?

Most Popular Reply

User Stats

123
Posts
35
Votes
Eddie Starr
  • Specialist
  • fremont, ne
35
Votes |
123
Posts
Eddie Starr
  • Specialist
  • fremont, ne
Replied

Let's see: 2 post from 4 years ago, and the url states "refer" in it? Yea, I'm going to call this someone looking to make money, not an actual user.

The site is a scam, plain and simple. The overcharge for products that almost never work. I've used some of the products, like deal dog: lots of +55 only options; lists for "PMLs," as opposed to deals; deals on CL; deals of members on the sites; and sometimes REOs...and that's assuming that the listings are still active!

I never tried their PiN product, but every review by users said similar things to what I outlined above in DD, especially assuming the listing is even there...a common thread had been: "...this was bought/sold months/years ago..." or "...no, I'm not looking to sell..." And the price for it, so I've read from other users, was $1400. I think it may also have a monthly fee, like DD, but couldn't say.

There isn't a single--that I've read--legit lender on there...at least through their CiX lender exchange platform. Everyone has complained about lenders ripping them off; the more experienced tell about them wanting high "processing fees," not going through escrow, etc, which are red flags for many.

If you ever mention that you have or work with lenders, or hint that you do, expect your account to be suspended, because you'll cut into their profits. If you're considering being a lender, you have to pay for leads, and from what I've heard, the leads indicate one thing, and the potential borrower isn't qualified, with the most common being the borrower states they filled out a "100% financing deal," and the lenders are expecting them to have 10 - 20%. 

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