NEW INVESTOR FROM DMV

[Troy Monroe]

Hello Everyone !!

I am a new investor currently in the Maryland area. I am originally from Pennsylvania, but have been working in the DMV for the past 5 years as an Assistant Manager at a wholesale distributor of building products. I have built up many good relationships with contractors during this time, and hope to us this, along with my knowledge of costs, to give me an upper hand in cutting rehab costs. I plan to use my schooling, degree in finance & Economics, to closely analyze deals hopefully keeping my portfolio's risk-reward ratio as beneficial as possible. Just as my 401-k, IRA, and other investment plans area handled, each deal will be only be taken if it makes sense marginally for me.

My immediate goals are to acquire a home through a mortgage that I will live and complete some upgrades while residing. I will use this property in my long-term plan and reevaluate it in 5 years to see if I should sell, rent, or keep living there. Obviously I want to be in an area where I believe property values will rise.  In the mean time I want to find a way to acquire at least 1 rental in 2016 for cash flow, and then handle as many flips as possible.

I have been reading my brains off and listening to podcasts / webinars to get my education up. BP is a great resource and I hope to take the net step in networking and getting to know & learn from experience investors in the area. 

Financing is the main thing holding me back right now. I have been researching and looking for creative financing options that are available to investors. I came across these two individuals whom claim to offer loans for REI and businesses, ext. I am vary weary that these might be scams. I have copied both of their emails to me. Any help would be greatly appreciated.

Hello Mr. Troy Monroe,

We will like you to know that you have taken a very wise contacting us for a loan and we will do our best to make sure your loan is been transferred to you. As for your loan fee, I am in charge of your registration and transfer cost. The only fee which is required is your Close Cost Fee (CCF) which is just $580 USD which will clarify you as a legit borrower in my firm and guarantee you of attaining this loan. Your loan can only get to you via bank to bank transfer. We are a licensed company over the states and nationwide, if you can trust and work with the firm, then you are definitely going to have a very good and promising experience.

(VIGGO DAVIS SERVICES) as a financial company help to lend loans worldwide, the company headquarters is in USA (PENNSYLVANIA), and also has a dominant branch in UK. But we also have agents over the states, nationwide and other neighboring countries as you can chat and (SMS) with them.

WEBPAGE:  Here is Mr Kevin Petersen who just got a loan from us few days ago, you can contact him for more preference via email In attachment is the LOAN TERMS AND CONDITIONS, kindly get back to us if you find it acceptable by you. I await your response, Stay Blessed. Mr. Viggo Davis.

.........

HELLO TROY,

HOW ARE YOU DOING TODAY? THE ATTACHED FILE IS A COPY OF YOUR LOAN TERM AND REPAYMENT SCHEDULE AND YOU ARE REQUIRED TO GO THROUGH IT AND GET BACK TO ME WITH A CLEAR SCANNED COPY OF ANY OF YOUR VALID IDENTITY CARD AND A CORRECTLY FILLED OUT BANKING DETAILS TO ENABLE US PROCEED ON YOUR LOAN FUNDS TRANSFER.

I AWAIT YOUR RESPONSE TO THIS EMAIL;

REGARDS,

MARTIN GRIMES.