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Updated about 6 years ago on .

User Stats

65
Posts
17
Votes
Kelli Huang
  • Landlord
  • Jonesboro, GA
17
Votes |
65
Posts

GA local loan investing with a local company, thoughts?

Kelli Huang
  • Landlord
  • Jonesboro, GA
Posted

I have been searching for this company that I found on Craiglist that is in Atlanta. They advertise that they offer 10-20% return on investors' money for flips they do. The minimum amount is $2,000 to invest in a 6-month term. You can invest with a credit card because it "protects the investor" in case if anything happens to the investment. 

6 month investment for 10% return sounds great. They have a website and have many videos on youtube for their flips and they are willing to answer my questions. But I can not find much other information, good or bad, on them. 

I really want to give it a try since I have a 0% intro APR credit card. But does this sound too good to be a scam?