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Updated about 3 years ago,
Has anyone done deals with Dustin Rose or Cash Flow Links?
He is very active on the Marketplace asking for private money for flips (as recently as 2 weeks ago) and has been active for several years. After a year of communicating with him and doing research on him (but obviously not enough), I finally went in on a deal with him in Daytona Beach, FL. In 7 months, he has not touched the property and has lied to me about several things, i.e., having started rehab on it (nothing has been done), then saying there were squatters in it who caused damage not covered by insurance (didn't happen), that his contractor had received rehab money and materials were stolen that insurance didn't cover but there was still "a good chunk of the money left" (contractor verified he never received any rehab money from Dustin), and the last straw being that there was insurance on the property. None of this was true and I recently was able to confirm it all through the person who has the keys/access to the property (Dustin lives in CA, the property is located in FL). Dustin has also stolen $20k in rehab money. He continues to string me along with promises but finding out there was no insurance on the property was the nail in the coffin for me and I don't believe anything he says anymore.
PLEASE, I would appreciate not being "flamed" for this post, I am NOT looking for advice (I have an attorney for that), I'm just looking to see if there are other investors I can communicate with who may have had a similar experience with Dustin and also posting this as my cautionary tale to anyone else who may be thinking of working with him as he appears to still be very active on the Marketplace. I realize I made a lot of mistakes with this deal and that is behind me. I have put a vacant house/liability insurance policy on the property and I'm moving forward with getting the property into my name so I can rehab it and/or sell it as-is and move on.