All Forum Posts by: Eddie Starr

They lie, scam, and f people over. They originally used "deal dog," which apparently has morphed into "pin."

They source listing from Craigslist, but they can't distinguish from other wholesalers listing, or even "multifamily" that is +55 only. Some of their listings for properties were listings for Hard Money Lenders!

Their lenders are flat out scams. All of them want money up front, to "process you." Even their forums and groups complain about it, but they don't address it.

And if you work with actual lenders, for a chance to earn a referral fee, as soon as they get even a hint of it, they remove your account, and anything you did, with no refunds. You HAVE TO PAY THEIR "LENDER FEE," but if you're only getting referral fees, you probably don't have enough for their extortion fees.

The "community" isn't even helpful, because every single forum is spammed with people trying to sell their deal, beg for funding, or complain about how much of a scam CI is.

Oh, and when they remove your account, they still spam the hell out of your inbox. Sometimes, they'll stop for a time, but start up again. Then, they want you to "fill out a form" to cancel, which endlessly loops in Mozilla and Chrome. Supposedly, they want to put some cookies to prevent that, but with all the other junk, I wouldn't trust it. Countless sites allow you to simply click "unsubscibe," and it's done. Not these spammer-scammers.

I know that there's a mix between campuses that are open, open/virtual, and/or fully virtual.

What I'm curious about is how this is effecting those who have student housing, especially those who own SFH, and rent the rooms out to college students, or similar.

@Kelly Clark @Jacob Mack, anything ever come of this? I've been thinking of something, with all the covid stuff, but don't know what's happening in CDA/Spokane. May look at MeetUp.com...

Can anyone recommend any flip lenders that allow the flippers to live in the property, while they rehab, and an overview of their requirements?

Looking around at options, and it's overwhelming. Trying to find something that won't break the bank.

I came across peos, which did not seem what I wanted, until I came to just works and onpay. Anyone experienced with them?

I was reading about the different hras, both the Q's and individuals. Do we need to have and provide a medical plan to offer an hra, or can employees get covered on an exchange and we offer the hra as an option? Is there a min - max monthly contribution?

Can one use a short term plan, and get a new one when the old expires in Liu?

Anyone try with their chamber of commerce?

Any trades or other organizations that provide affordable health insurance?

I'm not sure if this post should be for the agents, or the lenders section; mods move this, if needed.

We are looking at the options for a small-farm, with some properties ranging from 15 - 45 As, in either Northest WA, or North ID.

In particular, the USDA's Farm Ownership Loan program is of note: 
No current or previous farm ownership requirements and 100 percent financing available make FSA direct farm ownership loans a valuable resource to help farmers and ranchers become owner-operators of family farms, improve and expand current operations, increase agricultural productivity, and assist with land tenure to save farmland for future generations.

There are a ton of urls referenced, from the Veterans Business Outreach, SCORE, FSA/USDA, etc, so I was thinking a land or farm agent, who is familiar with these programs, can help us navigate these options, as we look for our big move.

Thanks!

The guy is going through a divorce, and he and his sons want to keep the house, due to a lot of good memories.

He's wanting to refi, but his credit is bad. A bank has offered 11% and 4 points. He wants to explore options.

House is worth about $340,000.

I have to pay my wife off about $110,000 (I'm guessing from what the house is worth, and the divorce lawyer is putting in for?)

The mortgage on it right now is $133,000.

I need a total loan of $243,000 which leaves about $100,000 in equity. I do also own the one acre lot next to my house now that's worth about $35,000.

I make enough money it's just I have terrible credit score.

On that last point, my scores are good (between low 700 to about 750), but the money isn't as high on my side.

Should I do a HML, where he pays all related costs, and he can then refi in 1 - 2 years, and pay me off? Should we "partner up?"

Thanks for your ideas!

Let's see: 2 post from 4 years ago, and the url states "refer" in it? Yea, I'm going to call this someone looking to make money, not an actual user.

The site is a scam, plain and simple. The overcharge for products that almost never work. I've used some of the products, like deal dog: lots of +55 only options; lists for "PMLs," as opposed to deals; deals on CL; deals of members on the sites; and sometimes REOs...and that's assuming that the listings are still active!

I never tried their PiN product, but every review by users said similar things to what I outlined above in DD, especially assuming the listing is even there...a common thread had been: "...this was bought/sold months/years ago..." or "...no, I'm not looking to sell..." And the price for it, so I've read from other users, was $1400. I think it may also have a monthly fee, like DD, but couldn't say.

There isn't a single--that I've read--legit lender on there...at least through their CiX lender exchange platform. Everyone has complained about lenders ripping them off; the more experienced tell about them wanting high "processing fees," not going through escrow, etc, which are red flags for many.

If you ever mention that you have or work with lenders, or hint that you do, expect your account to be suspended, because you'll cut into their profits. If you're considering being a lender, you have to pay for leads, and from what I've heard, the leads indicate one thing, and the potential borrower isn't qualified, with the most common being the borrower states they filled out a "100% financing deal," and the lenders are expecting them to have 10 - 20%. 

@Lisa Eckman: QM, I is a "Qualified Mortgage."

@Chris Coleman: Sure. Send me a PM with the info.

I saw this site listed on BiggerPockets.com as a recommended lender for real estate investors.

I was also looking for other sites with information about Rate.com, 

and came across one review on: https://www.nerdwallet.com/best/mortgages/interest-only-mortgage-lenders

According to the above site, the minimum score requirement is 620, with 3% down. Is the 3% apply to I/O loans, and can they be used by investors?

I'd like to hear from investors who may have used them.