Government Funding Solutions - Just another Guru?

Question

Aloha BP Community!

I just watched a webinar from Government Funding Solutions and Sean Carpenter touting the benefits of Government Funding to fund your deals. Similar to other guru presentations, they take the approach of talking about how anyone can get started with this stuff and how everything they're giving you is worth several thousands of dollars.

Is there any legitimacy to this? I would love to hear from anyone with experience in working with these guys. I am a REI newbie and have been fiercely educating myself in all things REI over the last year to figure out the best path for me to get started. Small Multifamily and Commercial Real Estate (mostly large Multifamily) are very enticing to me, so this program's approach to using government loans and low to no-interest financing to get into commercial properties is intriguing.

They talk about

Broker Certification

Government Deal Funding

Affordable Housing Grants

Tax Credits

Section 8 programs

All of this for between $1k - $3k.

http://governmentfundingsolutions.net/gfs/

Once again, any insight would be awesome!

Mahalo (Thanks) BP Community!

Greg Horn

Michael Borger · Answer

Hey guys - I believe there's already a small REI over there, at least in the Hilo area. I spoke to Roy a couple weeks ago - see link below. I'm about to buy a deal in the Keaau ag lot area.

http://www.reiclub.com/real-estate-clubs/hawaii.html

I don't know how often they meet, but you should look into it.

Alex Franks · Answer

Greg

How is Hawaii doing my wife that is one of her places she want to go. So been researching the lasts year. I want to go off the beaten path. Not the tourist side of things . Any advice ?

Alex

Jack Hoffman · Answer

Great I advise you to contact Michael Mazzella he is one of my colleagues here on bigger pockets.

Jack Hoffman · Answer

Good day Greg,

I also suggest you also look into a network like Alex mentioned.The most important thing would be to know the people (in my opinion), but even more important you don't cross boundaries and do something your NOT comfortable with.I am a big fan of BP networking as well as REI groups on Facebook and also my network.  I can set you up with the guy in charge of REI here in Honolulu if you like.  I would be excited to attend an REI on the Big Isle as my sister is in Pahoa.  I don't have time to set one up as I am needing to work on my networking & communication.

Good Luck....& have fun!!

Aloha

Alex Franks · Answer

My wife used to be a grant writer for her tribe here in SC. I begged her for a grant or something for neighborhood redevelopment. We were buying 66 home package in low income area.  She came with 216 page grant information. I am also looking for multifamily .I just feel you might be throwing money away.  A lot folks here can help and its free.

My two cents....

I

Greg Horn · Answer

Thanks so much @Alex Franks! That makes perfect sense. I have a grant writer friend here on Kauai, so I'll pick his brain.

@Jack Hoffmanthanks for the offer of putting me in touch with your REI friend in Honolulu, that would be great! I'm on the island of Kauai and there aren't any REI groups here. I've been considering starting one for a couple of months. Would love to talk to someone who is running a group elsewhere.

Mahalo!

Rasheema Abduls-Salaam · Answer

I just heard about the pitch as well from GFS. . But I like the thread here. I'm also on the big island and wish to network and connect with local investors!

Government Funding Solutions - Just another Guru?

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