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Updated over 1 year ago on . Most recent reply

User Stats

508
Posts
26
Votes
Antonio Bodley
  • Alabama
26
Votes |
508
Posts

Does this sound legit to you?

Antonio Bodley
  • Alabama
Posted

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

User Stats

1,746
Posts
1,499
Votes
Doug Smith
  • Lender
  • Tampa, FL
1,499
Votes |
1,746
Posts
Doug Smith
  • Lender
  • Tampa, FL
Replied

No (I've always wanted to give a one-word, terse answer on here)

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