BiggerPockets

Never heard of this company. I'd ask what guarantee they give in exchange for your $750. This sounds like a variation of the loan broker scam where you pay an up front fee to apply and then never manage to get a loan.

I haven't used them but I don't like these funding places that force you to pay upfront membership fees.

Hope this helps

Blazevic Funding has been a nightmare for us. We wanted to utilize their services for a no credit check owner occupied deal which they advertised. This began in mid September 2010. Since then, we have had to send complaint e-mails out to Blazevic exec's as weeks and weeks will go by and no replies to phone calls and e-mails. When they do get back in touch, they freely utilize the 'we are so busy' routine, then agree to improve their communication, then suddenly, no reply to phone calls or e-mails for the last 3 weeks as of the date of this reply. We are moving on and will just forget Blazevic exists. We hope anyone considering using Blazevic Funding stop and think if they would like being treated like second class citizens. If you want 'Customer Non-service' then utilize Blazevic Funding.

Just had this forum emailed to me, so I would like top take the opportunity to address the issues and questions here.

First off, yes Blazevic Funding Group (BFG) is legitimate. We have close to 500 members in the group, at various levels.

Yes, we charge a membership fee. We are completely private and only work with members of our group. We are not a bank by any means. Membership allows us to stay private, and focused on the members of our group only.

We do much more than just lending money. We provide one-on-one support and guidance for new or seasoned investors. We allow members to market their properties to our network via the website. Members may participate in the No Credit Check program as either cash-flow investors, or by utilizing it as a means to sell a property. (More on that later).

Membership in the group is completely guaranteed at the 3-yr and Lifetime levels. We also have a one-year and month-to month agreement available. The guarantee on membership states that we will help you *at least* make back your investment in membership. If you do not, we will refund your membership payment (either in whole or in part). Yes, you have to get out there and do the work. You don't just sign up and money start flowing - and we never promise it does. But if you take advantage of the support, submit your deals, and work with us - we can absolutely get your deals done and help make you profitable. If you sign up, sit back and do nothing, NO lender is going to make you rich - we all know that.

Deals have to make sense. We all know that new investors get excited about their ventures, and sometimes the deal just isnt a deal. And, sometime telling someone that makes them upset. But the reality is that a deal has to line up or its not a deal.

Whats a deal? 65% of ARV or better. Sold comps to support the value (sold in the last 60 days, DOM under 180). Detailed rehab estimates by certified contractors. A solid exit strategy. You bring me these things and we can get something done. We can fund 100% LTV including rehab for strong deals and qualified buyers. If you don't qualify for 100% there are still opportunities with down payments or JV partners.

We are not all things to all people. We know that, and never claim to be. Our group focuses on investors doing fix-n-flips, and primarily in mid-value homes. If you are looking for long-term HM, then we aren't the right fit. If you are flipping million-dollar homes, we are not the fit. And, honestly, at the day if you think this is not right for you, we get it. We still want everyone to succeed because right now, investors can make strong buys.

To address the poster who had issues with us. This gentleman is not an investor, but is working in our No Credit Check program to purchase a home. That program is NOT the same as the investor program. It is also NOT $750, but only $100 to help get a person into a home after they have suffered some credit setbacks. The process is not fast, and can take time to get set properly. If you want info on it, email me and I will detail how it works. We are still more than happy to work with James, and will continue to try and get him into a home.

If anyone wants to discuss this post, or our company, feel free to contact me. Yes, I am on the phone CONSTANTLY. But if you get my voice mail and leave a message for me, Edy (pronounced just like "eddie). I will *always* get back to you within 24 hours. Usually the same business day.

I want us all to succeed in RE investing. And I think that 2011 is going to be a great year for it. Best of luck to everyone in 2011 and beyond :D
--
Edy Eddins
Blazevic Funding Group
[CONTACT INFO REMOVED]

Here is an alternative use for the $750 (probably less).

Get a list of recently sold properties (last year is fine) where there is no underlying mortgage. This should be relatively inexpensive to get.

This means that the buyer purchased the property with cash.

Contact those "homeowners" either by direct mail, or look up their phone number.

That is one way you can find both private lenders, and/or prospective buyers for your properties.

Brian

"First off, yes Blazevic Funding Group (BFG) is legitimate. We have close to 500 members in the group, at various levels"

just my observatin, went to the Blazevic web site and there did not appear to be a large number of properties listed for an organization with 500 members
. As a cash buyer of inexpensive properties (under) 50k I was expecting to see more opportunity.
perhaps i did not manipulate the site correctly.
Edy if you have any input i would welcome an explanation. I am here to do business and will consider all legitiamte opportunities.

Hello Edy,
Ive got wholesale properties in Texas if you would like to provide me with guest info I would happily post my wholesale deals. P.M. me if you would like, or feel free to contact via email/phone.

Yes I have and Steve Blazevic can help you make a lot of money.The program is the best I have ever seen.If you don't want to join the program simply ask Edy if you can take it for a spend for 1 year membership after the first year you will want to become a life time member. They are just that good.If you don't make money with them it will be because you just don't understand the basics of real estate.

Oh... I almost forgot... I think they are using my surname. The other company I worked for also used a friends name after he had quit. They had listed him on their forms as a lending officer. LOL. I have looked at Blazevic's basic forms and they look amazingly similar to what I previously mentioned in my first post.

I don't believe someone can be so stupid to think that they are the only one in this whole wide world with the last name BLAZEVIC. The owner of this company first name is Steve his last name is Blazevic. Why should he not use his last name for the name of his company if he so chooses to do so? Edy Eddins has made several post on this forum.He has presented Blazevic Funding Group in the most professional manner possible.
I have noticed most of you have complained about paying a membership fee.They are several employees in the Blazevic Funding Group.You don't work for free so why should they.The membership fees you pay will pay their salary for underwriting, advertising, web programing,member counseling, and the list goes on and on.Frankly I am surprised that Blazevic Funding Group can sell a membership this cheap for the services they offer.That is the simplest way I know how to explain the fees.
For those of you that still don't understand the program of Blazevic Funding Group look at Blazevic Funding Group as a match maker they simply match your loan proposal with one more of hard money lenders that is associated with Blazevic Funding Group.You may also look at Blazevic Funding Group as a hard money broker.
Any way you look at it,they are simply making it possible for you to get a hard money loan done with no credit check and no 10% down.I have done several hard money loans with Blazevic Funding Group.The first one was a flop the other 4 went smooth as cutting butter. I simply did not follow their guidelines on the first deal and they did not approve it.The guidelines are in place to protect you as well as Blazevic Funding Group.Blazevic Funding Group will not let you screw up no matter hard you try.I hope this has explained in simple terms what Blazevic Funding Group is all about.
And by the way Edy if anything in this post is not true and correct please feel free to correct it.Now for those of you who have not heard of Blazevic Funding Group keep your negative comments to your self. How can you possibly make an intelligent comment on something or someone you know nothing about?