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Updated over 5 years ago on . Most recent reply

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67
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Andre Fierro
  • New to Real Estate
  • San Antonio, TX
19
Votes |
67
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Investment groups that help you find deals

Andre Fierro
  • New to Real Estate
  • San Antonio, TX
Posted

So I was talking to a buddy of mine he tells me he has joined an investment group that helped him find a turn key property in plainfield NJ not the best area but nonetheless a good rental area. The place is already rented supposedly and doesn't need much but maybe 20 k in cosmetic fixes mostly. 

So fellow members my question is there such thing as and investment group you pay to join in his case 6k and they find you the deals and do all the leg work? from what he explains it sounds like they are wholesaling to find this properties. 

Does anyone know where I can find this groups and join. I would definitely  consider paying a membership fee if its worth it. I mean the fact they do all leg work is worth it. I work full time job is kind hard to wholesale and direct mail for me right now so this wouldn't be bad idea. 

I've told him I am interested in joining but he hasn't gotten back to me on that. 

What  you guys think?

Most Popular Reply

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4,856
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Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
3,024
Votes |
4,856
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Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
Replied

@Andre Fierro I think this is a terrible idea. Why would you pay $6K to join some group that will supposedly find you a property? Why not just find a good turn key company that doesn't charge you a membership fee to work with them? What happens after you pay your $6K fee and they don't find you a deal?

  • Mike D'Arrigo
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