Build Realty...Scam or For Real?

Question

Just wondering if anyone has had any experience with Build Realty (Cincinnati)?

For the first time I called a hand-made sign posted on the sign of the road..."3 Family, fully rented, Under 100K!"

Called the number, got an automated message, got a call back and was asked some pre-screening questions.

About a day later got a call back and was told I could be put on a list to be called when they have properties available.

"They go fast! So it's occasionally likely we'd close the same day after we call you and show you the property."

All sounds good...I can even bring my own inspector to the showing.

They wholesale and may be good to partner with them but wanted to see if anyone else has worked with this group?

Thanks!

Jay Hinrichs · Answer

bandit signs put up by Bandits :) just building a buyers list..

I don't personally sign up for buyers lists..

Jason Smith · Answer

I know this is an old post but just thought I would comment. I have worked with them on two different deals. Yes their houses may be inflated but if your starting out with not much experience and not much capital they helped a bunch. I have used them for 2 flips and made money on both of them. First house sold in under 30 days and second house sold in 6 days.

If you find your own deals then yes it is much better and more lucrative but if you use Hard money and wholesalers they gotta make some money too

William Crutcher · Answer

Good point. I went and looked at it...huge steep hill full of firewood. Logging company here won’t look at anything under 20acres anyway. Still, you don’t know what you don’t know. Thanks again for the insight!

Finding the first deal is hard!! Keeping at it...

Merry Christmas!

Tom Gimer · Answer

What could possibly go wrong?

According to that complaint here is what comes next:

They sell you something after fraudulently inflating its perceived value; lend you the money to acquire something worth significantly less than they represented; put a deed in their pocket in violation of state law; and then they default you, take back the property and rinse and repeat.

William Crutcher · Answer

@Russ Draper Interestingly enough I received PM that described some of their practices. Turns out they have had a class action lawsuit against them for questionable business practices. Found the lawsuit: https://www.scribd.com/document/361337320/Build-Realty-Class-Action-Complaint

Staying away!

William Crutcher · Answer

Thanks so much! I appreciate it. I went and saw a property they had available and it was an enlightening experience.

Russ Draper · Answer

Their responses to me say they are trying to build your desire to buy, so likely overpriced properties or they don't really have anything for sale now but want you excited ahead of time so when they do have a polished turd to sell you you will take it. If you think they might be good deals I would check them out for 6 months but not buy anything. Be sure to find a local realtor to give their opinion too.

Joel Schurenberg · Answer

Agree , are terrible. We flip and wife is agent. Have ran across both previous clients and current listings of “completed” projects. There are more legitimate construction lenders in the area. A legit lender combined with an agent experienced in flipping would be a safer approach

Ed McCoy · Answer

SCAM. Very much a scam. The state lawsuit has now turned into a Federal RICO lawsuit with a lot of players. Stay very far away.

Jake Walroth · Answer

Build is absolutely garbage.... they’ve had a house on my street for sale for nearly a year.... they’re game has been figured out for the most part.... they prey on young investors.... absolute trash

Build Realty...Scam or For Real?

Build Realty...Scam or For Real?

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