I’m in escrow and today I almost got scammed out of 1 million dollars +.A scammer intercepted some emails and pretended to be the escrow officer from the title company. They sent me wiring instructions for over $1 mil...
This is just a warning for those investor who are seeking funding. If a certain Michael Ghadis ( or Wahl Bradley, Concorde Finance and Investment Inc) connects with you, offereing to help you with funding, please a...
I've been flagging ads that are obviously not rentals in the area where they are listed. These ads have low rents listed! And most times the descriptions do not match the pictures posted. I am positive they are spam a...
I am seeing/hearing a lot more about rental scams in my area, where scammers will list a unit for cheap and collect fees on unsuspecting applicants. It seems to be increasing quite a bit according to people I talk to...
Someone messaged me a PDF on Vrbo with their email and phone number requesting to send a certified check for a three week reservation totaling nearly 4K. Is this unusual? Would you guys accept or just ask that they bo...
Hey Team -Reaching out to you guys here as I have a new and interesting situation arise for a rental home listing in Sacramento. At a high level, I had recently advertised my listing on a Zillow and a few sites but t...
I am in the process of vetting a private money lender and I want to make sure that it's not a situation that sounds too good to be true. So I need help with the following:
1. Is a down payment typically required?
...
If you’re looking for a hard money loan or bridge loan, you can visit one of the many ‘lending-related’ groups many social networking sites such as this one. You’ll certainly find a lot of mess to sort through, in fac...
To my broker's colleague, any suggestion on how to verify a remote investor who contacts you for investment properties? it's the first time that I'm being approached by someone who claims to live in another state and...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $85,000
Cash invested: $20,000
Turn of the century upper and lower duplex, both large 1300 sq ft 3 bedroom a...