Anybody heard of this company? I forget how I found them - I've been on so many real estate websites - but they email you potential deals once a week. I'm a newbie; I don't know nothing from nothing. They sent me a suburban Cleveland single-family home that presently has a tenant paying $1,000/mo. It's selling for $77,000. If I pay $1,000 earnest money, I get 30 days to do my due diligence. The thing is: I have only $8,000. I am moneyless. Is there any way to scare up the money I need in 30 days? The pro forma they provided said I'd make $654/mo net income. But, of course, I'd do my own research/calculations. I'd get an inspector in to see if any repairs would have to be done, though the property is recently remodeled. Any and all feedback is welcome.
