Quote from @Shawn O.:
I'm new to the multi-family investing and was recently contacted by a company, S.H.A.R.E. Community Development Corp. They promote a low capital entry investment and 100% financing where you can buy a building in a larger community. Curious to see if anyone else has heard of them or know if the company is legit. Seems very questionable.
update: I spoke to a rep from the company who provided more detail on their turnkey project. They are unique in the fact that the development is completely vertically integrated project in which they do everything from manufacturing the building materials to manage your property. The catch is you have to use their designated companies for everything including financing, management, and maintenance. Also there's a down payment assistance program (still trying to understand) which is how you're able to get the project 100% financed and bring very little capital to start. In regards to an exit strategy the property is yours and you can sell at anytime but the financing is structured to where it's best to hold for at least 12 months. This is my first time posting on the forum so I really appreciate everyone's feedback as it's helped me think through this offer.
