Beware of Investing with Moe Mathews

[Joy Obie]

We now have exact numbers.  

This property was pitched on June 6, 2020 and 10 lenders provided $20,000 each for a total of $200,000.

This house was Short-Saled on June 19, 2020 for $110,000 ( one hundred ten thousand and 00/100 dollars) as payoff for the original Note for $200,000 dated July 31, 2017. After all fees owed the net payoff was $100,419.25.  A loss of 50 cents on every dollar!

THE ONLY VETERAN HELPED IN THIS PROJECT WAS MOE MATHEWS.  Following is Moe telling the local TV station what good he's going to do.

https://wtvr.com/2017/10/23/u-s-marine-working-to-help-local-veterans-find-homes/

I want to caution anyone who is contemplating lending money to real estate Entrepreneur's. Always do your due diligence. Ask for references, call those references, find others who have invested that were not disclosed. (The Internet is a powerful tool). Recently I dealt with an investor out of the Richmond VA market named Moe Mathews/ Fresh Start Realty/ Cathy Mathews. Mr. Mathews is an excellent speaker, charming, ex-Marine, who uses his past Military experience to build trust and confidence. Mr. Mathews MO is to borrow money using a promissory note or a Joint Venture with promises of decent returns. Unfortunately, in my experience when called years later has a different story, "if we just had $65,000 more, we could get it done".

Mr. Mathews finds his potential investors by attending various Real Estate Training Events, Cruises, Masterminds, IRA Training, etc. held all over the country. I would beware. Very likable, charismatic, easy to talk to, intelligent person. Will become your best friend and buy you expensive meals. In the end, nowhere to be found, no communication, and no money. I'm aware of potentially dozens of other investors.

Beware! Be Diligent. Do Your DUE DILIGENCE!