I recently saw about *************'s course and was wondering if anyone actually went into his real estate course. The course claims to give you access to some deal desk tools which give you information on properties as well as 1.6% interest on Hard money Lenders which they never really specified. Has anyone taken the course and how was it?
Lender · TX · Member since 2018 · 936 posts · 713 votes
6y
@Vukomir Mirkovic 1.6% annual or monthly interest on hard money? If it is annual, seems a little too good to be true. Considering a fully secured conventional loan with full documents required for a SFH has rates at 3.9% right now, I will call it out as bogus but have not actually looked into the course you are referring to. It only sounds like it could be legitimate if they are charging 5+ points at close with document fees of $2k+. That or it is one of the programs the lender advertises but no one ever qualifies for. There are a few companies out there like that now. As far as the "deal desk" goes, you can get lists of motivated sellers from a multitude of places now. Foreclosure listings, probate leads, etc. Just know when you are sold or given a list, that same list has been given out thousands of times.
I don't mean to sound like an ultra cynical person but jJust use your gut feeling and best judgement to see if it seems legitimate.