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Updated 7 months ago on . Most recent reply

User Stats

2,227
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Mitch Messer
  • Rental Property Investor
  • Playa del Carmen, México
1,774
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2,227
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Psst! Wanna Buy a Half-Priced Lambo?

Mitch Messer
  • Rental Property Investor
  • Playa del Carmen, México
Posted



Even if you had NO idea what a Lamborghini Huracán was worth ...

... what would be your IMMEDIATE response if I offered one to you at half-price?

I'll bet it's one of TWO thoughts:
😮 There's something WRONG with the car!
😮 This is a SCAM to take something of value from me!

This is because, as adults, we ALL have *some* familiarity with cars and money and we know how the business world works!

We understand that NO one can (consistently) sell a $345K sports car for half of market value!

And yet...

When someone posts that they will fund 100% of a real estate deal with their private funds at just 6% interest, investors lose their MINDS!!

The going rate for short-term private money is 12%.

NO private lender can stay in business making loans at half of the market rate!

#StopBeingUnFUNDableAF
#WhenBanksPullBackScammersPushForward

Most Popular Reply

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17,726
Posts
15,274
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Chris Seveney
  • Investor
  • Virginia
15,274
Votes |
17,726
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @Mitch Messer:



Even if you had NO idea what a Lamborghini Huracán was worth ...

... what would be your IMMEDIATE response if I offered one to you at half-price?

I'll bet it's one of TWO thoughts:
😮 There's something WRONG with the car!
😮 This is a SCAM to take something of value from me!

This is because, as adults, we ALL have *some* familiarity with cars and money and we know how the business world works!

We understand that NO one can (consistently) sell a $345K sports car for half of market value!

And yet...

When someone posts that they will fund 100% of a real estate deal with their private funds at just 6% interest, investors lose their MINDS!!

The going rate for short-term private money is 12%.

NO private lender can stay in business making loans at half of the market rate!

#StopBeingUnFUNDableAF
#WhenBanksPullBackScammersPushForward


 I love this post. Great click bait and it is so true. I see on BP and in FB groups the 100% financing at 4% or 6% etc. with no credit check....

  • Chris Seveney
business profile image
7e investments
5.0 stars
16 Reviews

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