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Updated 7 months ago on . Most recent reply
![Mitch Messer's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/178879/1731802749-avatar-mitchblade.jpg?twic=v1/output=image/crop=1080x1080@0x0/cover=128x128&v=2)
Psst! Wanna Buy a Half-Priced Lambo?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1721850963-Lambo_Scam.png?twic=v1/output=image/quality=55/contain=800x800)
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
![Chris Seveney's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/329845/1674401826-avatar-7einvestments.jpg?twic=v1/output=image/crop=4480x4480@0x336/cover=128x128&v=2)
Quote from @Mitch Messer:
![](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1721850963-Lambo_Scam.png?twic=v1/output=image/quality=55/contain=800x800)
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](https://bpimg.biggerpockets.com/no_overlay/uploads/marketplace/business/profile_image/3856/1731163014-company-avatar.jpg?twic=v1/output=image/contain=65x65)