Craigslist ad to investors.

[Jimmy P.]

Ok so I was cruising on Craigslist looking for deals on a house to flip and came across this ad. I have been looking for investors as I have 2 but they arent that accustom to loaning out larger amounts. Anyways what do you guys think about this ad? Have you heard of any scams like this? Any red flags?

Investors only

· Not required: credit check, income or asset verification

· Purchase loan amounts from $20K to $100K

· Refinance loan amounts from $20K to $50K (exceptions to $100K)

· 35% down payment on purchase loans; 50% loan to value on refinance loans

· Appraisal costs vary by state and property type (we can give you a quote)

· Close at your title company or ours

· No prepay penalties or balloon payments

· We allow the seller to pay up to 6% of closing costs

· 12, 36 and 60 month terms available

· Properties must be single family residences (1-4 units); no manufactured homes, condos, log homes or vacant land

· Limit of five loans per borrower at any one time (exceptions considered)

· Our fees

· $1,495 loan set up (can be rolled into loan)

· Three points, based on loan amount

(can be rolled into loan)

· $450 doc prep/closing (paid at closing) · Close in as little as one week!

We have investor financing for you and are ready to work with you!! There are homes for sale and the prices are rock bottom so reply to this post with your name, email address and also your phone number and we will be glad to help you financing your next investment property!!