All Forum Posts by: Brenden Stadelman

 I have found other 100% financing options as well. Typically high fees, but still half of what I was being charged by the investors edge. 

 They will, but the demo is basically a white labeled Prop stream. I would not recommend them as their points and interest rates are so high it is extremely hard to find a deal that will work with the 0% down. I work in wholesale in Indianapolis and still struggled to find deals that would even be close. I would highly recommend finding a lender that does 10% of purchase price down because it will ultimately be less expensive for you. I very much regret giving them a chance. It is not a scam, but you will have a very hard time finding a deal that is worth working with them, and frankly you are going to have to find someone that does not understand at all what their property is worth and get them to accept a super lowball offer to make it worth it. even then their points and fees will eat up so much that getting the 10% down loan will have a much much higher profit margin.

 Great so far, Points and interest are much more reasonable. They are still high due to my lack of experience, but even then its much less. I can not seem to get an accepted offer as my offers are not cash, so I have not seen them through the entire process yet

Yes, They are not a scam. BUT The points they charge and interest are both way higher than normal, on some deals I ran numbers the points and interest were going to be 20k on properties where the ARV is 100k so you have to get properties at such a low price to make it work that it is so hard. Putting 10%+ down with a different lender and getting lower points and interest is 100% better. I have actually switched to the One Brokerage now.

Yes, I actually have 3 closed for July and a 4th scheduled to close on the 31st!! That is not what I meant though, I sent an offer on a house in Texas to BRRRR. Hopefully I get a response tomorrow!

Looking forward to it!! Maybe I'll have a new project under contract by then....

@Ned Carey they don't feed you deals; they give you access to software that's like deal machine or prop stream. Still up to me to properly utilize it and get the deals contracted. When they demoed it for me it looked so easy to use and understand, the software was the main reason I decided to take the leap.

@Ned Carey Thank you for the insight! That was exactly my concern. Digging deeper it is a legit program, that actually provides other tools and support similar to Rent to Retirement. Thier interest is higher than your typical hard money lender. They make bank, but the software they provide is like deal machine meets the MLS and I do kind of want to try it out. I acquire properties for my brokerage to wholesale so the software can help me in my job and personally. I am going to take the risk but will absolutely let the community know about my experience.

Hey everyone! I have been looking into what kind of lending options I would be eligible for on properties for BRRRR or flips. I work in acquisitions for wholesale and come across deals sometimes so amazing it hurts me to see my disposition team sell them. I have the ability to find properties that all in costs including rehab and purchase would only be 70 to 80% or ARV on properties. due to this I have been trying to find lenders that allow for less down and rehab coverage since the properties are so discounted. I came across The Investors edge that offers 100% financing as long as the all in cost is 74% or less of the ARV. They have 4.8 stars out of almost 1000 reviews, and the BBB gives them an A+ rating but they require 4 to 6 thousand dollars up front to work with them. They refund 2300 back after the first successful deal, and do not require that fee up front for future loans. That is a red flag to me but I find it hard to believe that a business with 4.8 stars on so many reviews and A+ BBB rating could be a scam. If anyone has used this company before please let me know your experience! Thank you!

I will be out of town and unable to attend, looking forward to future meetups in the area though!