Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago, 08/10/2015

User Stats

71
Posts
12
Votes
Andrew Martel
  • Investor
  • San Antonio, TX
12
Votes |
71
Posts

Help! Need Some Advice - Possible Scam?

Andrew Martel
  • Investor
  • San Antonio, TX
Posted

I was contacted the other day by and individual working from "Axiom Capitol Group Inc". She told me that they have access to numerous private lenders and essentially act as a PL and HML broker. Sweet deal i'm thinking. I told her about my company's strategy and what we're looking for and she tells me that she has a few people with "programs" that might be able to make that happen. Then I start discussing fees. She tells me there is a $350 fee for residential and $550 for commercial and this is the broker's fee to essentially hook up the deal. Then she tells me I need to fill out this property tape sheet for the property, fill out a form 1003 and provide a credit report so she can shoot it over to the investors. Being an IT guy i'm super leery about giving away my social to someone I can't verify... that's a quick way to identity theft. So I told her I'd talk it over with my partners and would get back to her.

I did some digging, called the broker who claims to have done 1000's of loans and operates a legitimate business. So I decided to do some digging.  There is NOTHING on this company. They have a site - axiomcapitalgrp - but not much info on the company. I pulled down a business search and they were a legit business in GA but are being dissolved due to failure to comply with annual filings. However, the same company is registered in NY and is in compliance. So I'm torn.  I also can't find ANYTHING on these individuals. 

I've never used or heard of a PL broker before so is this legit or am I being taken? I appreciate your help and advice as always!

Loading replies...