The definition of pre-existing relationship is somewhat vague.

He definitely has his bearings in the market.

And you get passive income (preferred return on a monthly basis - mailbox income) and potentially get your entire investment back on a refi from appreciation.Rich help rich become even more wealthy.But you’ll have to be an accredited investor to play.Google IRS for definition.

I definitely think that sounds too good to be true though.   

There is so much mainstream money involved that it would definitely go to the courts and who knows how this would ultimately shake out.

@Sam Sareen I definitely know your guy!

I will definitely call them.

Thank you all, I definitely learned something from your guys' post.

I haven't heard many discussions about those areas, but there are definitely nice areas that seems to be booming in some of those towns. 

Our market isn’t as saturated but there is definitely a demand for homes in the $450-$650,000 range and I have seen some potential but it seems a lot of potential flips are already selling at top dollar or high enough that there isn’t room for much profit.