Raphael Kisel stole $13k from me

Real Estate Investor · Las Vegas, NV · Member since 2016 · 399 posts · 260 votes

So this guy @Raphael Kisel is a scam artist. I asked BP to remove but because of their policies (which I understand) they cannot. So I am here to tell all of you to be careful of this person. This is probably not him in the photo. This is probably not his company. He is a scam artist that took me for a ride, probably cost me my deal (still looking for funding) and stole $13k from me. I reported him to the FBI. Just wanted to put it out there. I guess is someone else had any experience with this person and would of posted I might have saved some money. So hopefully I can help someone else. Please share with anyone that you like. Those who know me know I wouldn't post something like this unless absolutely necessary. I hope this gets around before it gets taken down.

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Account Closed

Member since 2016 · 3 posts · 26 votes

10y

@Omar Merced. I am a long time viewer of BP but never joined until now. I am local to San Antonio and felt compelled to reply, thus I created the account I should have long ago. Being a local here, after I left the Army, I have little patience for scammers. Now, I do not know the person you mentioned and this is not intended as liable or slander in any form. However, I have a car and gas. The address provided by the person you mentioned does not exist. The street address, 8507 Espanola Dr, Helotes TX 75023 literally does not exist. I drove by and there is an 8502 followed by and 8510. Where that address would be is an empty parcel of land. The address itself is not even valid through our local Bexar County Tax Assessor website (bcad.org). No results found. Perhaps that person typed his own office address. It is a residential area of houses. Either way, Good luck to you. Thanks for motivating me to finally join BP.

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
10y
@Michael Sanchez start with lender who is local and you can go to their office and meet them.
rates are derived by supply and demand and are different throughout the country.
for instance in CA.. were the supply of money is HUGE rates can be 1 and 7 or 2 and 8.. I have seen that with Lendinghome.com who is a for real lender and will do business in Texas. your rates are determined by your experience and you have to prove you have done deals.
But for those starting out HML rates are 2 and 10 to 5 and 15 and every where in between with usually 20% cash into the deal.. and the ability to fund your rehab and get backfilled upon inspections.
hope that helps.
And private money these days is simply a marketing term.. HML now are using it as well to get clients. TRUE private money is simply someone you know.. your dentist lending out of his SIDRA
or someone you meet at the RIA's and start talking too.. they are doing 1 to 3 deals a year and its not their business.
Anyone doing anymore of that or advertising in anyway is not a private lender.. they are HML that are in business..
when you see rates that rival full doc bank loans from a HML or private lender then that is a HUGE Red flag..
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Michael Sanchez
Mcallen, TX · Member since 2015 · 11 posts · 3 votes
10y
Thank you Jay.
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Michael Sanchez
Mcallen, TX · Member since 2015 · 11 posts · 3 votes
10y
Thank you Jay.
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Chad Clanton
Contractor · San Antonio, TX · Member since 2013 · 647 posts · 205 votes
10y
I've used Jeff Katz a couple of times and lots of folks I know have, as well. He's usually 3 points and 11.99% with a longer term than most. He's primarily in the Texas market.
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Jose Alfonso Garza
Real Estate Investor · Laredo, TX · Member since 2011 · 1 post · 1 vote
10y
Great job guys on looking out for each other. Keep it Up!
1 Reply
Dave Pricken
Wholesaler · Wayne, NJ · Member since 2010 · 24 posts · 3 votes
9y
Sorry to bother, I just need some feedback on a lending source.
Thanks for the feedback. Dave
Has anyone had any experience with:
On Feb 25, 2017 9:59 AM, "Benison Goredenna" <> wrote:

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David Dachtera
Rental Property Investor · Rockford, IL · Member since 2014 · 4k+ posts · 2k+ votes
9y
@Dave Pricken,
I don't think I like it. Fails to identify what a "registration/securing fee" means. If they want it up front, pass. If they'll accept it after closing, look into it further.
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Dave Pricken
Wholesaler · Wayne, NJ · Member since 2010 · 24 posts · 3 votes
9y
Thanks for the advise. I agree, we should be able to pay fees at closing. I saw in one of their e-mails that one of the names is associated with ScamBuster.com, but ID's can get stolen and scam people. A funding source at 100% of costs at only 5% return seemed to good to be true. Dave
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Autumn RankinPro Member
Rental Property Investor · Bandera, TX · Member since 2017 · 148 posts · 56 votes
9y
THANK YOU for posting this.!! He is listed STILL under the Hardmoney lender directory YIKES!!!!
I am moving to this area. Def always do my due diligence but you just saved me a ton of time and $$ from being scammed. I'll be sure to pass the info on to other investors in that area
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Cynthia Hairston
Lender · Austin, TX · Member since 2017 · 38 posts · 11 votes
8y
WOW! Unbelievable! Our reserves are just verified, NOT escrowed. And we ask for no more than $150 which is credited at close and all money exchanges are done at the title company. I am also in Texas and will make sure I don't let him broker through our company. Thanks for the heads up!
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