Hey everyone! I have been looking into what kind of lending options I would be eligible for on properties for BRRRR or flips. I work in acquisitions for wholesale and come across deals sometimes so amazing it hurts me to see my disposition team sell them. I have the ability to find properties that all in costs including rehab and purchase would only be 70 to 80% or ARV on properties. due to this I have been trying to find lenders that allow for less down and rehab coverage since the properties are so discounted. I came across The Investors edge that offers 100% financing as long as the all in cost is 74% or less of the ARV. They have 4.8 stars out of almost 1000 reviews, and the BBB gives them an A+ rating but they require 4 to 6 thousand dollars up front to work with them. They refund 2300 back after the first successful deal, and do not require that fee up front for future loans. That is a red flag to me but I find it hard to believe that a business with 4.8 stars on so many reviews and A+ BBB rating could be a scam. If anyone has used this company before please let me know your experience! Thank you!
@Brenden Stadelman in general legit lenders do not ask for maney up front other than for an appraisal. I wouldn't touch this.
It is too easy to scam over the internet. I would not borrow from ANY lender I learned of over the internet unless I knwe personally people who had used them.
@Brenden Stadelman in general legit lenders do not ask for maney up front other than for an appraisal. I wouldn't touch this.
It is too easy to scam over the internet. I would not borrow from ANY lender I learned of over the internet unless I knwe personally people who had used them.
@Ned Carey Thank you for the insight! That was exactly my concern. Digging deeper it is a legit program, that actually provides other tools and support similar to Rent to Retirement. Thier interest is higher than your typical hard money lender. They make bank, but the software they provide is like deal machine meets the MLS and I do kind of want to try it out. I acquire properties for my brokerage to wholesale so the software can help me in my job and personally. I am going to take the risk but will absolutely let the community know about my experience.
@Ned Carey they don't feed you deals; they give you access to software that's like deal machine or prop stream. Still up to me to properly utilize it and get the deals contracted. When they demoed it for me it looked so easy to use and understand, the software was the main reason I decided to take the leap.
Any updates on this Brenden?
Yes, They are not a scam. BUT The points they charge and interest are both way higher than normal, on some deals I ran numbers the points and interest were going to be 20k on properties where the ARV is 100k so you have to get properties at such a low price to make it work that it is so hard. Putting 10%+ down with a different lender and getting lower points and interest is 100% better. I have actually switched to the One Brokerage now.
Thanks for sharing your experience. How is it going with One Brokerage?
Thanks for sharing your experience. How is it going with One Brokerage?
Great so far, Points and interest are much more reasonable. They are still high due to my lack of experience, but even then its much less. I can not seem to get an accepted offer as my offers are not cash, so I have not seen them through the entire process yet
Yes, They are not a scam. BUT The points they charge and interest are both way higher than normal, on some deals I ran numbers the points and interest were going to be 20k on properties where the ARV is 100k so you have to get properties at such a low price to make it work that it is so hard. Putting 10%+ down with a different lender and getting lower points and interest is 100% better. I have actually switched to the One Brokerage now.
@Ned Carey they don't feed you deals; they give you access to software that's like deal machine or prop stream. Still up to me to properly utilize it and get the deals contracted. When they demoed it for me it looked so easy to use and understand, the software was the main reason I decided to take the leap.
Will Investor Edge allow us to see a Demo b4 paying the $4000 to get started
@Ned Carey they don't feed you deals; they give you access to software that's like deal machine or prop stream. Still up to me to properly utilize it and get the deals contracted. When they demoed it for me it looked so easy to use and understand, the software was the main reason I decided to take the leap.
Will Investor Edge allow us to see a Demo b4 paying the $4000 to get started
They will, but the demo is basically a white labeled Prop stream. I would not recommend them as their points and interest rates are so high it is extremely hard to find a deal that will work with the 0% down. I work in wholesale in Indianapolis and still struggled to find deals that would even be close. I would highly recommend finding a lender that does 10% of purchase price down because it will ultimately be less expensive for you. I very much regret giving them a chance. It is not a scam, but you will have a very hard time finding a deal that is worth working with them, and frankly you are going to have to find someone that does not understand at all what their property is worth and get them to accept a super lowball offer to make it worth it. even then their points and fees will eat up so much that getting the 10% down loan will have a much much higher profit margin.
Great points @Ned Carey and @David Robertson. @Brenden Stadelman I would talk to seasoned investors that you trust and see who they have had success with. Don't pay ANYONE or any company a dime outside of an appraisal until the deal funds. Wishing you all plenty of cashflow on your 2025 deals!
The market is ALWAYS changing but I know at this time, seasoned investors are getting 80% LTV on DSCR in the 6% range and 90% of PP/100% of renovation if total loan does not exceed 75% of ARV for FixNFlip loans. =)
Thanks @Brenden Stadelman, I was just looking into Investor Edge this week, the $4K -$6K raised a red flag, but 100% financing is worth looking into. I will stear clear.
Thanks @Brenden Stadelman, I was just looking into Investor Edge this week, the $4K -$6K raised a red flag, but 100% financing is worth looking into. I will stear clear.
I have found other 100% financing options as well. Typically high fees, but still half of what I was being charged by the investors edge.
Thanks @Brenden Stadelman, I was just looking into Investor Edge this week, the $4K -$6K raised a red flag, but 100% financing is worth looking into. I will stear clear.
I have found other 100% financing options as well. Typically high fees, but still half of what I was being charged by the investors edge.
Hi Brendon,
I came across your posts regarding Investor’s Edge as I’m scheduled to have a call with them later this week to review their different program levels. You mentioned that their fees were fairly high, but that you’ve since found other 100% financing options.
If you don’t mind sharing, I’d really appreciate any insight or direction you’re willing to offer.
Thank you in advance.
Hi Brendon,
I came across your posts regarding Investor’s Edge as I’m scheduled to have a call with them later this week to review their different program levels. You mentioned that their fees were fairly high, but that you’ve since found other 100% financing options.
If you don’t mind sharing, I’d really appreciate any insight or direction you’re willing to offer.
Thank you in advance.
Thanks @Brenden Stadelman, I was just looking into Investor Edge this week, the $4K -$6K raised a red flag, but 100% financing is worth looking into. I will stear clear.
I have found other 100% financing options as well. Typically high fees, but still half of what I was being charged by the investors edge.
Hi Brendon,
I came across your posts regarding Investor’s Edge as I’m scheduled to have a call with them later this week to review their different program levels. You mentioned that their fees were fairly high, but that you’ve since found other 100% financing options.
If you don’t mind sharing, I’d really appreciate any insight or direction you’re willing to offer.
Thank you in advance.
Hi Brendon,
I came across your posts regarding Investor’s Edge as I’m scheduled to have a call with them later this week to review their different program levels. You mentioned that their fees were fairly high, but that you’ve since found other 100% financing options.
If you don’t mind sharing, I’d really appreciate any insight or direction you’re willing to offer.
Thank you in advance.
Hey Veronica,
I would call the fees very high. It has been a while now, so I do not remember exact numbers, but I believe it was 6 points and interest rate I believe was over 15%. I would find and run deals that looked very solid, and it would not work out with their funding without having to put more down than I would with a lender like longhorn who at the time was offering 0% down if all in costs were 70% ARV. I haven't looked into lending in a while, so I am not sure if they are offering the same now but definitely do not recommend even considering Investors edge. They required 6k up front nonrefundable to get access to their software that is white labeled prop stream, and after a month or two required me to pay $200 a month for the software. Multiple deals I had to pass up because the numbers didn't work with them, I could have purchased with a different lender using that 6k I wasted. I cannot stress enough my regret of paying them in the first place.
Thanks @Brenden Stadelman, I was just looking into Investor Edge this week, the $4K -$6K raised a red flag, but 100% financing is worth looking into. I will stear clear.
I have found other 100% financing options as well. Typically high fees, but still half of what I was being charged by the investors edge.
Hi Brendon,
I came across your posts regarding Investor’s Edge as I’m scheduled to have a call with them later this week to review their different program levels. You mentioned that their fees were fairly high, but that you’ve since found other 100% financing options.
If you don’t mind sharing, I’d really appreciate any insight or direction you’re willing to offer.
Thank you in advance.
Hi Brendon,
I came across your posts regarding Investor’s Edge as I’m scheduled to have a call with them later this week to review their different program levels. You mentioned that their fees were fairly high, but that you’ve since found other 100% financing options.
If you don’t mind sharing, I’d really appreciate any insight or direction you’re willing to offer.
Thank you in advance.
Hey Veronica,
I would call the fees very high. It has been a while now, so I do not remember exact numbers, but I believe it was 6 points and interest rate I believe was over 15%. I would find and run deals that looked very solid, and it would not work out with their funding without having to put more down than I would with a lender like longhorn who at the time was offering 0% down if all in costs were 70% ARV. I haven't looked into lending in a while, so I am not sure if they are offering the same now but definitely do not recommend even considering Investors edge. They required 6k up front nonrefundable to get access to their software that is white labeled prop stream, and after a month or two required me to pay $200 a month for the software. Multiple deals I had to pass up because the numbers didn't work with them, I could have purchased with a different lender using that 6k I wasted. I cannot stress enough my regret of paying them in the first place.
That's almost credit card rates for hard money. You might as well use a regular fix and flip loan and save on the fees and rate
Thanks @Brenden Stadelman, I was just looking into Investor Edge this week, the $4K -$6K raised a red flag, but 100% financing is worth looking into. I will stear clear.
I have found other 100% financing options as well. Typically high fees, but still half of what I was being charged by the investors edge.
Hi Brendon,
I came across your posts regarding Investor’s Edge as I’m scheduled to have a call with them later this week to review their different program levels. You mentioned that their fees were fairly high, but that you’ve since found other 100% financing options.
If you don’t mind sharing, I’d really appreciate any insight or direction you’re willing to offer.
Thank you in advance.
Hi Brendon,
I came across your posts regarding Investor’s Edge as I’m scheduled to have a call with them later this week to review their different program levels. You mentioned that their fees were fairly high, but that you’ve since found other 100% financing options.
If you don’t mind sharing, I’d really appreciate any insight or direction you’re willing to offer.
Thank you in advance.
Hey Veronica,
I would call the fees very high. It has been a while now, so I do not remember exact numbers, but I believe it was 6 points and interest rate I believe was over 15%. I would find and run deals that looked very solid, and it would not work out with their funding without having to put more down than I would with a lender like longhorn who at the time was offering 0% down if all in costs were 70% ARV. I haven't looked into lending in a while, so I am not sure if they are offering the same now but definitely do not recommend even considering Investors edge. They required 6k up front nonrefundable to get access to their software that is white labeled prop stream, and after a month or two required me to pay $200 a month for the software. Multiple deals I had to pass up because the numbers didn't work with them, I could have purchased with a different lender using that 6k I wasted. I cannot stress enough my regret of paying them in the first place.
That's almost credit card rates for hard money. You might as well use a regular fix and flip loan and save on the fees and rate
Yeah, it was a really bad set up that they are not fully up front and transparent about. Many better options out there.
Graças @Brenden Stadelman, eu estava olhando para o Investor Edge esta semana, os US$ 4 mil a US$ 6 mil levantaram uma bandeira vermelha, mas vale a pena dar uma olhada no financiamento de 100%. Vou limpar.
Também encontrei outras opções de financiamento 100%. Taxas normalmente altas, mas ainda metade do que estava sendo cobrado pelos investidores.
Você poderia indicar algumas opções que encontrou? Eu estava comprometido em fazer isso com a vantagem do investidor, mas desde que vi sua mensagem, preciso encontrar outra opção.
I wish i would have seen this before i put my money into investor edge, I will still try because I already put my money in it and if it's a bust I guess I already lost it. If I get lucky and it work I will post
I wish i would have seen this before i put my money into investor edge, I will still try because I already put my money in it and if it's a bust I guess I already lost it. If I get lucky and it work I will post
Hi Joyce, how has your experience been so far with Investor Edge? Do you mind sharing? I have a call with them this week to go over their different program levels. Your insight is greatly appreciated.
I almost got involved with investors edge… this is about as simple as I could put it. Before they fund you, they have to run the project you present to them with their own "fair market" repair costs. That leaves them with all the power to deny any loan you get, regardless of what it would cost you to repair it. Essentially what I found is you have to find projects with massive ARV for their system to work. Not saying it's a scam, but be careful. Follow these rules. Ask as many questions as possible, even if you think you're being annoying, don't leave any stone unturned. Never pay for a programs or mentorship on the first phone call/ first day. Always, sleep on it. Take notes, review, ask yourself. Were you making a calculated decision? Or were you just excited?
@Ned Carey they don't feed you deals; they give you access to software that's like deal machine or prop stream. Still up to me to properly utilize it and get the deals contracted. When they demoed it for me it looked so easy to use and understand, the software was the main reason I decided to take the leap.
Will Investor Edge allow us to see a Demo b4 paying the $4000 to get started
They will, but the demo is basically a white labeled Prop stream. I would not recommend them as their points and interest rates are so high it is extremely hard to find a deal that will work with the 0% down. I work in wholesale in Indianapolis and still struggled to find deals that would even be close. I would highly recommend finding a lender that does 10% of purchase price down because it will ultimately be less expensive for you. I very much regret giving them a chance. It is not a scam, but you will have a very hard time finding a deal that is worth working with them, and frankly you are going to have to find someone that does not understand at all what their property is worth and get them to accept a super lowball offer to make it worth it. even then their points and fees will eat up so much that getting the 10% down loan will have a much much higher profit margin.
Thanks for following up on this thread and sharing your actual experience. Sometimes you have to try something out for yourself because it's hard to sort through all the responses and know what is fact and what is opinion. As a lender myself, I was curious about their upfront fees. It's not unheard of, but I couldn't understand why anyone would want to do that given there are so many other options out there. I still have a hard time understanding how this business model works for them, but perhaps that upfront fee covers for lack of deal flow (?) Anyway, just wanted to say thanks for the follow up and I hope you've found a reliable lender you can work with. If not, I'd be happy to take a look at any future deals you're considering.
@Ned Carey they don't feed you deals; they give you access to software that's like deal machine or prop stream. Still up to me to properly utilize it and get the deals contracted. When they demoed it for me it looked so easy to use and understand, the software was the main reason I decided to take the leap.
Will Investor Edge allow us to see a Demo b4 paying the $4000 to get started
They will, but the demo is basically a white labeled Prop stream. I would not recommend them as their points and interest rates are so high it is extremely hard to find a deal that will work with the 0% down. I work in wholesale in Indianapolis and still struggled to find deals that would even be close. I would highly recommend finding a lender that does 10% of purchase price down because it will ultimately be less expensive for you. I very much regret giving them a chance. It is not a scam, but you will have a very hard time finding a deal that is worth working with them, and frankly you are going to have to find someone that does not understand at all what their property is worth and get them to accept a super lowball offer to make it worth it. even then their points and fees will eat up so much that getting the 10% down loan will have a much much higher profit margin.
Thanks for following up on this thread and sharing your actual experience. Sometimes you have to try something out for yourself because it's hard to sort through all the responses and know what is fact and what is opinion. As a lender myself, I was curious about their upfront fees. It's not unheard of, but I couldn't understand why anyone would want to do that given there are so many other options out there. I still have a hard time understanding how this business model works for them, but perhaps that upfront fee covers for lack of deal flow (?) Anyway, just wanted to say thanks for the follow up and I hope you've found a reliable lender you can work with. If not, I'd be happy to take a look at any future deals you're considering.
I tried to work with them about a year ago. It was a waste of money and time. I wouldn't ever try to work with them again. Yeah, they have nice systems, but you can save $6000 in a "membership fee" and like $200 of an ongoing monthly fee and access similar or as good systems somewhere else without paying that much. Initially they seemed great, I spoke to a "helpful" sales rep who made it seem easy and smooth. But it's a bait and switch because once I paid the $6000 membership fee, they sent me a list of all the hoops you have to jump through to actually close a deal. It's not realistic and ended up being a huge waste of time and money.
That upfront fee structure is definitely worth being cautious about. Even legit lenders can have predatory practices. Have you considered building relationships with local portfolio lenders first? They often do 80-85% LTV with rehab draws and no upfront fees if you bring them solid deals. What's your current credit score and liquidity situation?
Longhorn Investments continues to offer 100% financing on both purchase and rehab (up to 75% loan size max). This applies even to first-timers, provided the rehab is not heavy. Of course, there are no upfront fees working with a legit and transparent lender like this. I won't put the pricing here but the terms are very fair (much lower than the example here), especially so in the loyalty program after three completed deals. Just go to the website and find the local representative where available (in certain metro areas of 10 states) to get more info.
This is such a real take, @Brenden Stadelman.
Now that some time has passed, I’m really curious how things ended up going for you after that switch. Did it feel better in practice on actual projects, or just look better on paper when you first ran the numbers? Are you still actively flipping / Brrrr'ing these days?
This is such a real take, @Brenden Stadelman.
Now that some time has passed, I’m really curious how things ended up going for you after that switch. Did it feel better in practice on actual projects, or just look better on paper when you first ran the numbers? Are you still actively flipping / Brrrr'ing these days?
I am actively flipping and BRRRRing but I did not do a single deal through the Investors Edge. I found some local lenders and brokers I use here
This is such a real take, @Brenden Stadelman.
Now that some time has passed, I’m really curious how things ended up going for you after that switch. Did it feel better in practice on actual projects, or just look better on paper when you first ran the numbers? Are you still actively flipping / Brrrr'ing these days?
I am actively flipping and BRRRRing but I did not do a single deal through the Investors Edge. I found some local lenders and brokers I use here
That's awesome to hear! I sent you a DM - let me know if you are ever looking for additional lending partners.