The investors edge

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Kendrick York
San Antonio, TX 路 Member since 2023 路 1 post 路 3 votes
2y

I'd advise to avoid!

They advertise as Lender but are selling another mentor program/software package (which seems to be Prop Stream with their branding on top). Their rates are extremely high for new investors compared to other hard money lenders, and they include a lot of junk fees. 

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  • Jesse Holsapple
    Lender 路 Fountain, CO 路 Member since 2022 路 124 posts 路 32 votes
    2y

    100% financing with no guarantee that you will be funded, but the only guarantee is that you will fund them. I would be hesitant. If you have any projects you'd like to have reviewed and get some quick pricing on I'm always happy to help. Either way, I'd highly recommend that you be cautious with the above mentioned in this post.

    3Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor 路 VA 路 Member since 2015 路 21k+ posts 路 19k+ votes
    2y
    Quote from @Aaron Stairs:

    Has anyone used them and are they legit.I spoke with them they offered 100% financing if you pay them 3900.00 first to become part of there group with no guarantee that you will be funded


     RUN RUN RUN away

    7e investments53 Reviews
    WebsiteView Page
    2Reply
  • Aaron Stairs
    OP
    Member since 2019 路 3 posts 路 0 votes
    2y
    Quote from @Jesse Holsapple:

    100% financing with no guarantee that you will be funded, but the only guarantee is that you will fund them. I would be hesitant. If you have any projects you'd like to have reviewed and get some quick pricing on I'm always happy to help. Either way, I'd highly recommend that you be cautious with the above mentioned in this post.

    I didn't like the idea of giving the money up front and no guarantee to close.
    0Reply
  • Rob BeemanPro Member
    Specialist 路 Philadelphia, PA 路 Member since 2010 路 301 posts 路 118 votes
    2y

    @Aaron Stairs Sent you a DM.

    0Reply
  • Bob S.
    Real Estate Consultant 路 Cleveland 路 Member since 2020 路 6k+ posts 路 3k+ votes
    2y
    Quote from @Aaron Stairs:

    Has anyone used them and are they legit.I spoke with them they offered 100% financing if you pay them 3900.00 first to become part of there group with no guarantee that you will be funded


     sounds like a total scam!! RUN!! 

    0Reply
  • Bob S.
    Real Estate Consultant 路 Cleveland 路 Member since 2020 路 6k+ posts 路 3k+ votes
    2y
    Quote from @Chris Seveney:
    Quote from @Aaron Stairs:

    Has anyone used them and are they legit.I spoke with them they offered 100% financing if you pay them 3900.00 first to become part of there group with no guarantee that you will be funded


     RUN RUN RUN away


     What EXACTLY are you trying to say LOL 

    0Reply
  • Aaron Stairs
    OP
    Member since 2019 路 3 posts 路 0 votes
    2y

    I was ask if anybody ever used them

    0Reply
  • Kendrick York
    San Antonio, TX 路 Member since 2023 路 1 post 路 3 votes
    2y

    I'd advise to avoid!

    They advertise as Lender but are selling another mentor program/software package (which seems to be Prop Stream with their branding on top). Their rates are extremely high for new investors compared to other hard money lenders, and they include a lot of junk fees. 

    3Reply
  • Jacob Sherman
    12 Penns Trail Suite 138 Newtown, PA 18940 路 Member since 2023 路 1k+ posts 路 319 votes
    2y

    Hey Aaron ! My name is Jacob with Lendbright and would love to answer any questions for you that you may have in the analysis of your project . When is a good time for us to connect and discuss ?

    0Reply
  • Bob S.
    Real Estate Consultant 路 Cleveland 路 Member since 2020 路 6k+ posts 路 3k+ votes
    2y
    Quote from @Aaron Stairs:

    Has anyone used them and are they legit.I spoke with them they offered 100% financing if you pay them 3900.00 first to become part of there group with no guarantee that you will be funded


     SCAMM, NOBODY is offering you 100% . thats why the 4k upfront 

    0Reply
  • Raymond J. RodriguesBusiness Member
    Lender 路 Miami, FL 路 Member since 2017 路 1k+ posts 路 797 votes
    2y

    Scam.

    [email protected]619-456-8311
    Helm Mortgage Corp.5127 Reviews
    WebsiteView Page
    0Reply
  • Nosakhere Bryant
    New to Real Estate 路 CT 路 Member since 2021 路 3 posts 路 0 votes
    2y
    Quote from @Aaron Stairs:
    Quote from @Jesse Holsapple:

    100% financing with no guarantee that you will be funded, but the only guarantee is that you will fund them. I would be hesitant. If you have any projects you'd like to have reviewed and get some quick pricing on I'm always happy to help. Either way, I'd highly recommend that you be cautious with the above mentioned in this post.

    I didn't like the idea of giving the money up front and no guarantee to close.

     Hi Aaron, 

    I feel the same. I also spoke with them a few weeks ago. It seems too good to be true. The videos they send to you daily seem very convincing. Let me know if you've moved forward with them as I'm skeptical.

    0Reply
  • Danny West
    Lender 路 San Diego, CA 路 Member since 2023 路 12 posts 路 3 votes
    2y

    Don't do it. A down payment will be required on your potential real estate investment. Shoot me a message if you would like another set of eyes on anything.

    1Reply
  • Bruce Russell
    Member since 2023 路 1 post 路 3 votes
    2y

    I know its been almost 4 months on this post but since I didn't see anyone give an answer to the question. I will

    Also do take into account the fact the refund window is impossibly short at 3 days for anyone not 75 or older, how you can decide if you are satisfied with a lender inside of 3 days for finding a deal, and doing the appraisal etc is beyond me

    Yes, they are a scam as I tried using them and besides getting locked out of my account constantly, which seems to be from their side of things from how they made it sound, they have rather unrealistic requirement's (Comps that none of the local realtors or other lenders use for one thing i.e too narrow),or the fact they expect total rehabs to be done inside of a month or 2 and then the property should sell instantly after that, they want all of that done in the space of 5 months, even deciding a property is something else entirely, deciding that other homes are businesses (Like a bike shop) even though they are clearly residential SFR or apartments. All the way to smaller things like if it has a drive way or not even though you provided in person videos and pictures of the property for their assessment (never mind the actual listing for it or what shows in their own system). While they require you to use their system for your comps, which is the ones they use for the comps as well, they ignored those as well and used ones that were far removed from the property i.e 3 to 5+ miles from the property and not very similar at all, for the loans and will often "move the goal posts" on the deal and add more requirement's that they never told you about even when you ask what the requirement's are. As for me when I did this they sent what turned out to be old and no longer current information on their own requirement's.

        Long story short it cost me a deal plus more money (Besides the sign up fee (5k not 4k) plus the monthly cost of 160 to 180 for the "subscription" as well as the EM, Termite reports etc. and not only caused issue with the seller and their realtor but mine as well. Having to go back and forth to the property 5 or 6 times for things that could have been handled at the same time is rather annoying and that's not counting the fact the realtors have other appointments to get too or could have worked on other deals while the lender did what they were normally supposed to do etc.

    In my case I had an ideal deal that fit even their own requirement's, hence why I wanted to go with it. Based on their own information and even double checking with other of the online calculators and realtors etc. just to get an idea and see if the arv was at least accurate or close to what it was expected, which their appraiser even agreed was close they still went with a different value (far less, to about 100k less). So I had to call it off or risk getting a bad rep with the other realtors not too mention losing far more money. If they didn't change the goals etc. through out the whole thing I would have been able to walk away with 75k in profit. I even had a buyer lined up for the place as well for when the repairs / renovations were atleast 50% or more done.

    Also forgot to mention that their own system often has wrong or outdated info on the properties as well.

    As you can see I could go on but I dont think a book is needed haha, but this should give a good example

    Sorry for the long post and poor formatting on it

    3Reply
  • Van Preston
    Investor 路 Memphis, TN 路 Member since 2016 路 4 posts 路 1 vote
    2y

    Has ANYONE had success with Investors' Edge? I would love to hear any/ all stories/ experiences. They are very convincing, and I've been considering the $6k premium membership. I've done roughly 100 flips since 1998, and routinely work with several local hard money lenders in my area as well as a few national ones. BUT.......the premise behind the Investors Edge is so appealing! 100% financing sounds great when you're entrenched in multiple other deals and projects and funds are tight.

    1Reply
  • Stacy RaskinBusiness Member
    Lender 路 Member since 2022 路 1k+ posts 路 516 votes
    2y

    I've never heard of 100% financing that will close. 

    You can get a fix and flip loan for an investment property with up to 90% of the purchase price and 100% of the rehab budget with up to 75% of the ARV. The borrower is coming in with only 10% of the down payment and closing fees which are typically of any loan. 

    Some lenders will work with any level of investor experience, credit scores as low as 660 and can close in as little as 10 days (there are loan options for 640-660 credit scores- they require 20% down).

    Another good thing is interest only and 6-24 month loan terms- you can refinance by selling or refinancing to a long term DSCR rental property loan at any time once you complete the rehab. 

    Lender options vary by state due to state regulations- these type of programs are available in many states. 

    Happy to connect to discuss further.

    [email protected]818-770-0340
    Bright Skyline518 Reviews
    WebsiteView Page
    0Reply
  • Mike Klarman
    Specialist 路 NJ 路 Member since 2022 路 1k+ posts 路 656 votes
    2y

    They are charging you and then backing it up by saying there is no guarantee?  Seems questionable.  If they are an investment group they should pre-vet you and only charge you and let you in if THEY KNOW they can get you funding.  To charge you then tell you funding is not guaranteed seems a bit predatory to me.

    0Reply
  • Billy MillerPro Member
    Rental Property Investor 路 NJ 路 Member since 2016 路 4 posts 路 1 vote
    2y

    I would say RUN!!!!! They told me they do 100% financing with a minimum 400 credit score. RED FLAG 馃毄 

    0Reply
  • Everett Schulte
    New to Real Estate 路 Kansas City, MO 路 Member since 2021 路 7 posts 路 1 vote
    2y

    I would also say run like many people here have said. I was interested in them a long time ago, and checked out their website, scheduled a call to discuss options, and everything sounded great. You could say I was under their "spell"... It's very tempting to want 100% financing and have a team on your side giving you advice etc, but don't fall into that trap like I almost did.

    If you read their google reviews you will see that they have many 5 stars, but no 4s, 3s, or even 2s. And despite those many 5 stars (which could be faked pretty easily), there are quite a few 1 star reviews that all say the same thing. "SCAM". And you can see how the company really treats people when they give those 1 stars... They are combative and blaming the client and I'm sure they are never giving out ANY refunds. You'd think if they really wanted to help people, they would lower their guard and offer restitution. But they become defensive over their narrative to preserve their image which in turn helps them scam the unsuspecting.

    Like Joseph and Potipher's wife from the Bible, Run for your life!!

    0Reply
  • Ari Taylor
    Member since 2017 路 1 post 路 0 votes
    2y

    They almost got me, but nope I am not paying anyone upfront for anything. Sorry if you are that good you should be willing to take that 4k,5k, 6k off my first signed deal. 

    0Reply
  • Erica Lee
    Member since 2024 路 3 posts 路 0 votes
    2y

    Today, I've been taken advantage of, and I'm now fighting hard to recover my money. As a new investor, I was swayed by a slick, hurried sales pitch that seemed perfect for quick funding, almost like a downpayment. But my instincts told me something was off. When I investigated further, the negative reviews about the company were alarming. Their promises appeared too good to be true, and unfortunately, that's exactly what they were. I ended up losing $8,000. I approached them because I had a promising deal on the table but needed fast funding without complications. The salespeople painted a rosy picture, and I was willing to pay if their services were delivered. However, for $8,000, I received no live training鈥攋ust videos鈥攁nd was left to navigate the deal on my own, despite assurances of a dedicated consultant guiding me through every step.

    This ordeal has left me devastated. I used money from my business savings earmarked for starting a group home for my mentally ill nephew, who has been struggling since his mother's passing. Adequate care has been hard to find, and this was supposed to be a solution. Instead, I was misled and given the bare minimum of what was promised.

    If you're reading this and you review services honestly, please heed my warning: steer clear of these scammers. They were communicative until they got my $8,000, after which all promises of being a platinum member with access to live support vanished. I'm heartbroken, and if my story can spare anyone else from this pain, it's worth sharing. BEWARE

    0Reply
  • Erica Lee
    Member since 2024 路 3 posts 路 0 votes
    2y

    The sales man is Jurell Johnson and the so called kick off call helper is Reanna . They are not nice people  to do what they do.

    0Reply
  • Erica Lee
    Member since 2024 路 3 posts 路 0 votes
    2y
    Quote from @Ari Taylor:

    They almost got me, but nope I am not paying anyone upfront for anything. Sorry if you are that good you should be willing to take that 4k,5k, 6k off my first signed deal. 

    I wish I would have took this post as a warning. I'm so disappointed and depressed now. I lost a huge chunk of my business savings 馃槳 
    0Reply
  • Sean Anthony Steele
    Member since 2024 路 1 post 路 0 votes
    2y

    Came here to see if anyone used them. Seemed too good to be true! I spoke with that Jurrell guy and it seems legit but he kept using comps miles away (probably as a way to make me enthusiastic about the project).  I'm not paying them a dime! Thanks for the information everyone. 

    0Reply
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