Unfortunately this one did not.Just got finished unwinding that deal.

I have someone who has a house they would like to sell but unfortunately they dont have the money to make the fixes needed to get premium for it.

I just stop talking and just followed and spoke when spoken to And he low balled me Mind you i have a new kitchen new bathroom room all new plumbing and electrical i gutted this house to the studs and my house is almost $40k lower if sold at this price cheaper then lowest house over here that sold Man, unfortunately its a tale as old as time.

Unfortunately, I don’t think everyone is as detailed and going so far as to request a photo of the water heater serial number so they can check the units age, and have unrealistic assumptions about their coming costs.

It's unfortunate you took my advice as an attack on you or a defense of PMC's in general.There are a LOT of bad PMC's and I have no problem calling them out.But, I also have no problem holding owners responsible for their poor hiring decisions.We've only heard your side of the story and I've learned many hard lessons from jumping to conclusions with only half the story.Best of luck to you:)

Unfortunately, these programs aren't transferrable and are not offered to DIY landlords:(All in all, this PMC gives our entire industry a bad name because they didn't have you sign a Placement Only contract.

@Dan Wentworth Your post was (unfortunately) the most informative and transparent answer in this thread to date. 

Unfortunately, I have not been able to get in touch with the landlord directly, as they have PM.

His book “Invest in Debt” is still the best on the mechanics of discounted note investments.John Beck, unfortunately succumbed to temptation of “guruism” in his later years, hooked up with a real estate marketing company out of Las Vegas, and became front man for mentorship programs promising unsubstantiated returns.

Unfortunately, nobody will give you something for nothing...That said, I would suggest working on creating the value you can trade for the other piece of the deal (either money or the REALLY good deal).