Investor · efrat, israel · Member since 2014 · 93 posts · 20 votes
I receive offers of various turnkey properties in the U.S. from Mike at Global (he seems to be based in the U.K.). I received one for a two house property on one lot in Ohio near Shaker Heights. It looks good on his ad, but anyone have experience with this person or this company? It seems too good to be true.
@Shoshana Shulman All you have is his first name and you think he might be based in the U.K.? I strongly recommend that you know more about who you would be dealing with.
@Shoshana Shulman At a minimum you need to get someone local to get their eyes on the deal and give you their opinion. I see way too many Israeli, Australian, Chinese, and Cali investors get taken to the cleaners by stuff that looks good on paper.
We had someone send us a deal with the wrong pictures attached to the email (of a much nicer house). I'm 99.9% sure it was an accident... But someone out of state may not have noticed.
Search "Ocean Point" on here or "Ocean Pointe" and you'll see exactly why real/local due diligence is paramount.