All Forum Posts by: David Thomas

Hello @Michael G.

This company advertises heavily for the Connecticut area as well with radio ads here in New York metro. I always say if it sounds too good to be true.... you're probably right.

If you notice the terms and conditions on their website it's says basically they're liable for any performance of the realty investment. The guarantee rents but what about damages and repairs? And it's highly unlikely that the $100k of guaranteed built-in equity doesn't have some conflict of agreement with the people arranging the appraisals.

If it was this good they wouldn't need to advertise IMO.

Hey BP community,

If you haven't already, check out the new podcast # 48. My friend and investor agent @Darren Sager was interviewed by @Joshua Dorkin and @Brandon turner . Darren is a successful multi family investor and landlord here in New Jersey and has great tips on property management and building cash flow. Congrats Darren!

Welcome @Randy Bachor ! Congrats on your deals and continued success.

Great advice from @Paul Timmins

And I second @James Vermillion regarding @Ali Boone 's new photo! Very informative and creative website as well Ali. Love to see wholesalers who really make it happen and become successful while helping out their fellow investor community.

Just to clarify - you will need some money in the game for most HML's (ranging 10-20% of purchase cost) but you still have that covered above.

Hello @Robert Doidge ,

I would seek out a hard money lender (HML) in your area. You would have very little out of pocket up front on this deal (maybe $1,300 max) and if the numbers are accurate on repairs and ARV as you indicate this gives you an easy deal for a HML.

Check out BP or google hard money in your state. I think there are a few active investors locally that are also members on here.

Best of luck.

@Marty Happle congratulations on your deal! I would recommend contacting Dan Marino at Lavallette Capital in Chatham NJ. He's a member of BP as well. Rates 14-15% with 4-6% up front. His site is Lavallettecapital.com.

Let Dan know I sent you to him. Best way to contact him is via email.

[email protected]

Best of luck!

@Sadrack B. Welcome to Bigger Pockets Shad! This is a great place to connect and learn. Be sure to check out the Analyze menu above if you haven't already - excellent tools there such as

• Investment Calculators
• Deal Analysis Forum

Best of luck!

Welcome to the community @Todd Lee ! Looking forward to your contributions and expertise.

Awesome work @Joshua Dorkin and @Brandon Turner - thank you for this great feature! Already networking with new people in my area as a result.