It doesn't pass the smell test.It could be completely legit, but I would definitely dig deep into his contracts, talk to other clients, and really vet him before moving forward.

>if I had a lot more energy I'd just pick 10 properties off the MLS right now in different Midwestern cities where you can comfortably cashflow right out of the gate.You listed one such example and it had negative cash flow using legit expenses.  0 for 1 so far.  

Most of this sounds like it could be legit - Except the rate is too low.

I have had several contact me and send me forms and say they will lend me the money, but how do I know these people are legit?

I That is what is scaryeven had a friend look over everything and to him everything looked legit. 

The whole situation was more complicated, but I learned the same Google Voice number appeared on several websites representing other legit lenders.

@Drew Sygit is a legit PM in Detroit.Stand up guy with a very good operation.I suggest you chat with him as he won't lead you astray.We are Detroits little brother and just down the road in Toledo.Much success and enjoy the BP forum 

I'd be surprised if he is licensed. https://dllr.state.md.us/cgi-bin/ElectronicLicensing/OP_Sear...Go find a real contractor, who is legit and does things right.

I like these amongst ,many other right nowREXR - (Rexford) they are a niche (sub-specialist) in industrial warehouse/distribution/manufacturing in the southern California only urban or Infil area, they are not international like PLD - prologis, their MOAT is that SO-Cal has geographic limitation to new inventory, so they have rent pricing power that industrial in rest of country doesn't, also 26 million people in so-Cal and the 2 busiest Ports in country, their earning/revenue projections next few years are best in class, and they are cheaper on price to book than PLD or others, I own some and will buy a lot more in upcoming Recession, likely in next 6-12 months, when publicly traded equities will likely slide by 20-30% although their assets (physical buildings) are only going up in valueVICI- (casino REIT), used to be part of Cesars palace, then Caesars spun them out in 2018, to do sale leasebacks of their properties to take all that physical capex off the books.

The legit sponsors should want the crooks and anyone who cuts corners out of the industry - even if that means the most egregious go to jail.