There are a lot of things missing on this deal, but as a rule of thumb, most legit bridge/flip lenders will lend 75%-90% of the purchase price plus rehab to a max of about 70% of the ARV.

Really cool to see that in person with the drive aisle right through the building making it a legit drive-in climate controlled project that just started as an idea in Erik’s head.

With so much marketing smoke a mirrors... the only way to determine who is legit is to build organic relationships with real accredited pure passive investors.

With the naval hospital in the area, and a casino coming to the city soon it does feel like an area of good potential opportunity and growth.Also a few off market properties have been dealing with contract owners.

Is this spam or legit, and what is everyone's thoughts on this?

From a financing standpoint, most legit lenders are going to want to see experience from you...not from your builder...but from you, in order to finance your deals.

Would like to know how you tell if they are legit, especially the brokers.

On a side note, Reading PA should be developing a casino in the near future and the legalization of medical marijuana will be in full effect by July 2018 (according to my physician).

I spoke with their landlord and it seems legit and never had an issue with them. 

It will allow you to learn about the various asset classes, get experience in passive ownership and your returns over next 10 years will trounce the flash crash, high frequency, computer controlled casino they call the stock market. lol the CAPE ratio of the SP 500 is ABSURD!