Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

9
Posts
0
Votes
Givonna Wiley
  • Homeowner
  • Streetsboro, OH
0
Votes |
9
Posts

Lender asked me to pay $499 to show me how to wholesale properties????

Givonna Wiley
  • Homeowner
  • Streetsboro, OH
Posted

I recently completed an online application to obtain a Hard Money loan.  Someone called me to deliver the unfortunate news that I would need 20% down.  I have no money!  So they (the lender) recommended that I start off as a wholesaler and they offered to show me how for $499.  

Is $499 typical?  Are there surefire ways that I can learn without paying any money? Would their mentoring be worth the money?  

Should I even change my focus to wholesaling and keep searching for ways to finance my projects with no money down and a low credit rating?

Most Popular Reply

User Stats

99
Posts
18
Votes
Jay Whitfield
  • montgomery, AL
18
Votes |
99
Posts
Jay Whitfield
  • montgomery, AL
Replied

Go to youtube and put in wholesale houses, you will get many videos to show you how for free.

Jay

Loading replies...