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Updated over 1 year ago on . Most recent reply
![Antonio Bodley's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/64783/1621413571-avatar-tbodley.jpg?twic=v1/output=image/cover=128x128&v=2)
Does this sound legit to you?
An investor sent me this yesterday.
Ok great! Maybe we can work together I’m working on a wholetail deal and I have minor work finish. I’ll flip your investment in 30 days all above board on contract. You can come in on this deal as silent partner, I can shoot you an email with the contract. Contract states if I don’t perform by repaying back the loan you take possession of the property.
•30 day terms-I’ll flip your money
•I provide address and also my personal identification and information for transparency purposes
•Great way to make passive money, I’ll be doing a couple of these deals a month
•you can send funds directly to me or GC if need be
• I need $2500 but whatever amount you invest helps with same terms
•repayment date- October 6th
He said if he does not perform on his end of the bargain then I get to keep the house. All he needs is the 2500 investment which is backed by the house as collateral if he does not perform. Good deal?
Most Popular Reply
![Doug Smith's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/151144/1708640873-avatar-bankerdougsmith.jpg?twic=v1/output=image/crop=960x960@0x0/cover=128x128&v=2)
No (I've always wanted to give a one-word, terse answer on here)