Told them to do a drive by and call me back with an offer :)The person who called you probably just spent $15,000 for mentoring and “education”, and is now in panic that his 250 cold calls have not produced anything .  

In 2021, my company earned just under $1,000,000 in net revenue and I personally pocketed about $325,000.

And what if the one person you didn't check has a criminal background, has collections, and more?

My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.

There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.

If you need more to do the rehab, perhaps instead of partnering, you could get your former boss to do a personal loan. 

I inherited a partnership in a 22 unit commercial building with 8 restaurants, a grocery store, a couple of personal care services, and various other businesses.

There are many here in my local area and your area is likely to have the same type of meetings.Most of the deals that I fund are by meeting investors in person at these groups and creating strong relationships. 

As long as the money went from you to the title company it should be under your name and still belong to YOU until there is an agreement to release it. 2.