Looking for feedback on Equistream-taken over by Equity & Help

[Cathy J.]

I recently started engaging with a company called Equity and Help, they purchased Equistream. Does anyone have any feedback on these companies? It seems that they are buying bulk properties across the country, and getting homeowners in there who otherwise couldn't qualify for a loan. They sell the properties to an investor (me) at 50-70% AVR. They find a homeowner who then pays a mortgage to the investor at 12-15%  Property is owned in a land trust. Seems a little too easy and looking for the cons.. Other than not being directly involved with the real estate (homeowner is responsible for repairs, taxes and insurance-which can be considered a pro) They claim their default ratio is 3% and that they have no problem getting homeowners to purchase. Any feedback is appreciated.