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Updated almost 8 years ago on . Most recent reply

June B.'s profile image
June B.'s profile image
June B.
  • from Glassboro, New Jersey
  • Member since May 3, 2017
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June B.'s profile image
June B.'s profile image
June B.
  • from Glassboro, New Jersey
  • Member since May 3, 2017
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June B.
  • Glassboro, NJ
1
Votes |
13
Posts
Buying & Selling Real Estate

Fix n flip loans - Are They Real?

June B.
  • Glassboro, NJ
Posted

Greetings,

I am interested in the fix and flip aspect of RE Investing. I found an ad on Craigslist, for a company offering loans for fix and flips. Is this an option for someone looking to invest with none of their own money? How can I tell if this could be just another scam?

June

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Adam Sanders's profile image
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Adam Sanders
  • from Philadelphia, PA
  • Member since Jun 7, 2016
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Adam Sanders's profile image
Adam Sanders's profile image
Adam Sanders
  • from Philadelphia, PA
  • Member since Jun 7, 2016
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Adam Sanders
  • Philadelphia, PA
28
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Adam Sanders
  • Philadelphia, PA
Replied

If you are completely inexperienced and unable to commit any money yourself there are not going to be many legitimate lenders out there for you unless you have a truly amazing deal. If it sounds too good to be true (and they are advertising on Craigslist) it usually is.

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