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Updated over 7 years ago on . Most recent reply

User Stats

25
Posts
16
Votes
Sharon Tippett
  • Wholesaler
  • Bunnlevel, NC
16
Votes |
25
Posts

Funding for Flipping

Sharon Tippett
  • Wholesaler
  • Bunnlevel, NC
Posted

Has anyone ever done any business with fundingforflipping ? I keep getting emails from them. Josh Allen (F4F LOC)hello@fundingforflipping
 

Most Popular Reply

User Stats

11
Posts
6
Votes
Sean McKenna
  • Philadelphia, PA
6
Votes |
11
Posts
Sean McKenna
  • Philadelphia, PA
Replied

Hi @Sharon Tippett,
I've used them. What they do is apply for a bunch (12) of credit cards in a personal name. Had hoped/believed they would use my LLC to build business credit score. Spoke with Josh several times, was told based on their analysis of my financial profile I would qualify for $80-$120K in lines "guaranteed probably more". In writing they guarantee $50k and normally charge $8,000 for the "services". They admittedly under delivered on their verbal commitment and issued a slight refund. Still fighting for more.
They advertise "Imagine Having $50K-$250K Cash In Your Checking Account For Anything Your Business Needs" Josh's response to that point when questioned was: "It's very complicated, uses balance transfers. (Employee name) will walk you through that down the road." Never mentioned it again (I came to my senses/left shortly thereafter) so I can't say that part actually exists.
Lastly, they were very pushy for payment in advance. As a contractor/investor, I get paid when the job is done or when I've provided enough services per draw schedule. Offered to pay as value add services were provided but that was not an option. That was a red flag. 

In sum: Josh is a nice guy but the services rendered (opening up credit cards) are far from worthwhile. DIY if credit lines are what you seek. Unfortunately from my experience, that's all they do. Hope it helps!

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