I Received an email from a Guru...what do you think?

[Wendell De Guzman]

I received this email from a "Guru":

"I met with a local wholesaler the other day to ask him how he's
dealing with this new competition for distressed properties. This
is exactly what he said ...

"Well it sucked at first. The funds were outbidding everyone at
the courthouse. Literally they were paying over retail, and they
still are. So I just figured out a different way to get the houses
they want and now I flip my deals all over to them. I flipped 45
houses to The Blackstone Group last month!"

How would you like to flip 45 houses a month to a group with
7 billion dollars to spend? As an added bonus they'll take them
sight-unseen and pay retail. Cash."

I wonder...how much of the above is truth and how much is exaggeration or BS?

Has anyone here have any experience selling houses to hedge funds?

If so, how do you contact one and establish a relationship with them?

Will hedge funds pay retail for houses or...this is pure BS?