Whats The Latest Scam of The Month

Whats The Latest Scam of The Month

Curt DavisBusiness Member
Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes

I am a licensed agent and turnkey provider here in Memphis TN. In the last 2 months I have been contacted by 4 different people/companies ( or so they say ) and they always have the same pitch. They are going to start buying and wholesaling homes in Memphis and want me to be their agent. So far sounds great, but then they want me to provide them with every cash buyer that I should be able to access from my local MLS. That is where the scam comes in. They only want to use me for access to cash buyers!! When I tell them that I am truly not able to get them this info from my MLS I never end up hearing from them. Anyone else out there being contacted by these same scammers!!

Curt Davis - KAIZEN Realty538 Reviews
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  • Real Estate Investor · Memphis, TN · Member since 2014 · 7 posts · 0 votes
    12y

    I bet they have recently completed some real estate training (on wholesaling or finding cash buyers, etc.) and are doing what was mentioned in the training.

  • Curt DavisBusiness Member
    OP
    Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
    12y

    @Sunny Gupta

    You may be right on that.  Either way I have to admit I was turned off by it and lost any interest in working with them after the first conversation.  

    Curt Davis - KAIZEN Realty538 Reviews
  • Real Estate Investor · OR · Member since 2012 · 390 posts · 133 votes
    12y

    Realllly? Why bother even thinking about it???

  • Investor · Santa Rosa, CA · Member since 2012 · 402 posts · 96 votes
    12y

    Good way to find cash buyers, not sure how it could be a scam.

  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    12y

    Not a scam in the legal sense...just scamming the realtor into wasting their time and resources for nothing to come in the future.

  • Investor · Valparaiso, FL · Member since 2014 · 374 posts · 76 votes
    12y

    Sounds more like a waste of time or someone trying to get you to do the work for them.

  • Flipper/Rehabber · Chicago, IL · Member since 2013 · 319 posts · 153 votes
    12y

    I agree@Russell Ponce @Wayne Brooks . I don't think its something thats illegal, but as far as trying to only "use" someone for your own benefit and not trying to build a legitimate business relationship does seem quite distasteful on the surface. Just my two cents.....

  • Investor · Santa Rosa, CA · Member since 2012 · 402 posts · 96 votes
    12y

    @Larmon Cummings Jr no doubt, I dont want to be calling people out of the blue aaking for favors. Retail leads are a good comodity to offer imo

  • Flipper/Rehabber · Chicago, IL · Member since 2013 · 319 posts · 153 votes
    12y

    Yeah, it just doesn't seem to kosher to me@Russell Ponce . I guess different strokes for different folks though. I'll just stick with building solid relationships with people; hasn't steered me wrong yet...

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