All Forum Posts by: Catherine Coy

"...there are not thousands of investor just clamoring to do business with newer investors who have little training and no capital."

I agree, Jay!  His claim is ludicrous. 

Mimi, you won't get "low fees" and "newbie mentoring" at the same time.  I hang my license with a flat fee broker, but I'm experienced and require no mentoring.  Your expectations are unreasonable, so I suggest you go with the Keller Williams suggestion.  They're a good franchise.  Good luck!

James, you won't be able to use any borrowed money--hard or otherwise--for the down payment.  You'll have to show seasoned money in a bank account--yours or a partner.

I'm listening to one of his webinars now.  He now says he participates in projects "large and small."  

What does "DU" stand for and why do some posters think that everyone knows the meaning of the acronyms they use?  Annoying.

The speaker--Dave Lindahl himself no longer conducts the boot camps--said that each of the coaches--that is, the people who run around setting up the room, interviewing potential students, etc.--"are all multi-millionaires."  I find this hard to believe.  If you were a multi-millionaire real estate investor, would you travel around the country shlepping workbooks, checking the sound system and making sure the candy dish is filled?  

Today is Day 2 of Dave Lindahl's 3-day boot camp in Downey, CA.  A lot of information was presented, but surely not enough to help you feel comfortable enough to do a deal!  That much comfort costs $38,999--today only, of course--otherwise, $44,000.  It seems to me that 44 grand would go a long way toward buying lunches for people you meet at various networking events.  I also think that everything you need to know can be found here on Bigger Pockets and/or a Bigger Pockets Pro account (<$500/year).  What's the difference if you find the information you need here or on Lindahl's members-only website?  None. 

I’m sitting at this moment in a Dave Lindahl 3-day workshop.  I’m the guest of a paying attendee, so it’s not costing me anything to pick up some tips.  The whole shootin’ match—coaching, access to PM, sponsorship if you find a deal, etc—now costs $38,995—today only, of course.

When a presentation STARTS OUT with exaggeration, my guard goes up.  Right out of the gate, the presenter said he previewed FIFTEEN THOUSAND something-or-others.  A thousand of anything would take weeks if not months, so 15,000 would take years.  Sorry...too much hype...too many unbelievable claims...too little proof.

I will say this:  that's one of the best WebinarJam presentations I've ever seen.  The graphics are awesome.  

Here are some challenges that non-QM loans can solve:

• Bank statement loans starting at 580 FICO
• 100% deposit credit
• No CPA comfort letters or expense ratio declaration
• 12/24 months personal bank statements
• 24 months business bank statements
• 660 FICO to 90% LTV to $1.5M full doc
• 680 FICO to 90% LTV to $1.5M bank statement
• 95% LTV jumbo to $1.5M
• No income investor loans to 75% LTV
• Loans to Foreign Nationals without US credit
• Max loan size $20MM
• No seasoning cash-out refinances
• Max DTI 59%
• Fix-and-Flip or Fix-and-Hold
• No tax returns, no 4506T, no profit & loss statement, no reserves, no prepay