Happy Investor Software

[Roy Singh]

Has anyone used  Happy Investor Software.

[Henry M.]

Long overdue, but yes. So far it seems legit, but like with anything or anyone else, due diligence is mandatory. They run things a little different.

I believe with good intentions, they try to be a one stop shop. There are still some areas of opportunities they should strive to work on.

Example: Once you begin a paid membership, you will receive a call to not only go over your profile but also try to get you approved with the overused term private money, then hard money and conventional lending. They will ask you questions about your finances, but one thing which stopped the conversation was they were wanting all my credit card numbers (if you have 10, they want all ten credit card numbers) - This way they can verify the balances. The rebuttal or pitch they use is in case you have car issues such as a transmission, the lender knows in advance the money they provide is being used for the rehab, etc. Well if I have a credit card that has $2,000, how much is this damn transmission?!? LOL! In other words, why do they need all my credit card numbers… (sigh) I regress.

Now I don't want to call BS considering most lenders provide draws which means there is an inspection that takes place which usually you have to pay for which will confirm the work has been completed as per SOW. Needless to say, I didn't go thru with the funding aspect of it.

I offered screen shots and even a recent three bureau credit reports, but they refused.

Once I got off the initial phone call with the rep, named Karen Carr (team member), who was super sweet and very empathetic, I received a second call from Steven (from processing) who was professional and quick.

Now the next call was interesting from a team member named Matthew Krusca (not sure if spelled correctly). Before I go further into detail, I will say Matthew seems to have good intentions and I do believe he does want to assist those who are very new to the business... However, ...

He is the type of person who likes to talk in a monotone fashion and is regurgitating the script he has mastered on an introduction to the business. The issue I had with Matthew is he didn't take the time to learn what I needed. He gave his presentation with very little interruption but was speaking to me as if I was a newbie. I don't think it was intentional, but I do believe his repetition on the presentation lacked interaction and warmth. There were times he was condescending.

He used terms like niche market and exit numbers - which I knew, but never labeled it that way. There were things he stated that did not make sense. An example was he stated he has had many investors not have a business plan in place, which makes sense, yet he followed with, "they believe they can find a deal first and financing will follow... And that's not how it works." - Now I disagree here for several reasons. I have normally found the property first and financing followed. Next, if anyone has ever requested financing from an HML, the initial question is, "do you have a property under contract?" and there are times a lender is not necessary for some deals, i.e. Sub2's, JV, etc.

As for the “exit numbers”, it was what I thought and explained, which was to discount the property on resale up to 10% based on the market and area. He rebutted, "how did you come up with that number?!?"

Uhm... 20 years’ experience... Lol! I obviously shared a few key points, but ultimately that I am an investor who is trying to make as much money in the shortest amount of time. In the example he used, an appraised home of $300K may be sold for 4% less so it could move quickly. I don't disagree.

Like a prize fight, could I carry the fight if I needed to or should I go for the knockout? If I carry the fight, I can get injured or maybe the fighter I am facing gets a lucky punch. Maybe the house burns down or the market tanks... I get in & get out!

I am not greedy.

Another thing he brought up was a 60-day turnaround time... Is it possible? Sure, but most likely, it may take up to 120 to 180 days. Therefore, you budget up to 6 months holding costs. Also, the buyer would have to be thru either conventional lending or have liquid cash. If it is insured thru FHA, it must be seasoned for 90 days. Not to mention, we know it can take up to 60 days to complete a traditional mortgage either way you go.

He brought up great areas and points overall if you are new to the business, but for someone seasoned like myself and who is always open to learn NEW things, this was a waste considering how he acted in response to my answers as well as cutting the conversation short. Which in all fairness, couldn’t come soon enough? 

There a few more points of contention, but I will refrain as I am sure you got the point.

Now as far as the site is concerned, it seems to work well and have decent deals in play… I would only try one month as the 14 days trial will not give you any real deals, plus it will be a limited info during the trial period.

I will keep you posted if I find and close a deal with this software.

Just my two pesos.

“Big” Henry