Thoughts on Connected Investors?

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Thoughts on Connected Investors?

Jake Scott
Mooresville, NC 路 Member since 2017 路 5 posts 路 23 votes

Hello, BiggerPockets Community! (Man is it good to be here)

I got into real estate a little over 2 years ago. I flip-flopped from being a wholesaler to flipper throughout these last two years and have had successes and failures. Needless to say... I have experience in the industry. 

I wanted to get the communities take on a company/platform that I utilize on a day-to-day basis, Connected Investors. 

Many people have mixed feelings on this company but I wanted to share my experience on the platform and how it has helped me and something's you may want to try. 

When I first got started, it was because of a webinar that I saw with their CEO. I couldn't afford the program (though I wanted to) so instead I made a free account and poked around. 

I realized that investors were putting deals up there, collaborating, and using the platform as a type of LinkedIn. I quickly started building my buyers and sellers list by messaging other members who were investors in my area. Then when I found a deal, I found a partner to JV with me. That is how I got my start...

I don't use all their products, but they have a few that are CRUCIAL to my business. One has all the contracts I need and another emails me deals daily. Pretty cool! 

What is the communities take on this company, their products, and their programs? 

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Andrew Johnson
Real Estate Investor 路 Encinitas, CA 路 Member since 2016 路 3k+ posts 路 3k+ votes
9y

The real fun part is when a new user, purported to be genuine, pops up and their only 3 posts are basically promoting a site.  And, on top of that, at least a couple of their positive posts are done on the first day.  No other comments, no other questions, no other value to add, just shilling for company _______.  It's almost as if they joined just to market for a company.  I know, that couldn't possibly be the case (please read sarcasm into it, it's intended).  This isn't the first time it's happened, it isn't the last time it will happen, and I'm guessing that the BP moderators see right through it.  

The real fun is when the forum poster doesn't disclose they're a vendor or partner of the organization the are publicly lauding.  Regardless, kudos @Allan Smith for putting the link up so that anyone new to BiggerPockets can see a scam coming and not buy into an illegitimate company because of the illegitimate reviews.

But, maybe I'm wrong, maybe it's all a big coincidence.  Maybe people join and post reviews of products their first day on the forums all of the time.  I mean I guess it's *possible*...

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  • Alicia Andry
    Omaha, NE 路 Member since 2019 路 5 posts 路 8 votes
    7y

    Thanks for the feedback, Lydia T.!Through working with their customer support, I was able to gain access to the apps. After familiarizing myself with their platform, I decided to ask for a refund. I'm all for using technology to automate processes and make our lives easier, but this product doesn't seem to be quite there yet. I haven't heard anything back yet, and hopefully it's not difficult to get a refund and cancel my access. It's an inexpensive lesson, and makes me appreciate Bigger Pockets even more. 

    2Reply
  • Lydia R.
    Investor 路 Austin TX 路 Member since 2016 路 1k+ posts 路 2k+ votes
    7y

    @Alicia Andry If you are unable to get your money back that will further prove my point. I am so sorry to hear you had a bad experience, but the silver lining is you will be much more skeptical in the future. There is an entire industry created around providing products and services for real estate investors and there is a fair amount of crap out there.

    2Reply
  • Alicia Andry
    Omaha, NE 路 Member since 2019 路 5 posts 路 8 votes
    7y

    It took a few days but they refunded my money, so I bailed in this instance. I feel good about the decision, and it was an inexpensive lesson to slow down, do more research, and not get caught up in anyone else's hype.

    2Reply
  • Mike Harris
    Member since 2019 路 2 posts 路 2 votes
    6y

    THIS COMPANY IS CONNECTED TO AND WILL REFER YOU TO PREDATORY LENDERS LIKE ANCHOR LOANS!!! Quick Google search will verify my claims. What the people are saying is true! CONNECTED INVESTORS IS A PHONY!!! Just the place to let scum bag realtors and predatory lenders add another brokers fee on to your loan. It will be painted as same as cash, then they will have you to "apply", or take all your information. Then they will just sit on the deal and then 4 hours before closing, just throw a paper at you and hold your earnest money ransom. The good 'ol delay tactic to get past your contingency date. They would make way more money charging less and moving more deals. Then they wouldn't have to rip people off to stay in the black. Forcing closings on people now? Wow. They wouldn't even accept an extension to allow our other lender to service the closing after we told them what happened. Nobody cared.

    1Reply
  • Trevor Sisk
    Member since 2020 路 1 post 路 1 vote
    6y

    People are so gullible.   Obviously someone figured out that charging people to be an investor could make more money besides investing.   What, do you think they started the company as a free community service to help you sell real estate?  Be smart people and these companies will cease to exist.   But you all keep thinking that if you would just pay $500 to someone a month, that'll be your ticket to making money.   Don't be an idiot.

    1Reply
  • Dee Abbott
    Phoenix, AZ 路 Member since 2019 路 13 posts 路 5 votes
    6y

    Just got off a hour long webinar via Wendy Patton for CI and they want $1,497.00 for a lifetime membership for Pinpoint 4. The sales guy was doing the typical testimonial(s) examples and now is the time to move to MICRO Flipping (known as virtual wholesaling) because of COVID19 recession.  Also, mentioned how you could see shadow properties, flips profits from other investors (who knows if this is real info), vacant prop's, pre-foreclosures, and prop's with low mortgage balances.   I'm surprised it couldn't see who the next president would be.   

    Anyway, I've learned that over the years that if a RE guru paints this long drawn out picture that you suck, but our program/software can make you not suck, it's probably snake oil. I always come here to get a review before I buy anything so I'm glad my suspicions were confirmed by past CI customers. 

    Thanks BP community.  

     

    2Reply
  • Don McLoughlin
    Member since 2020 路 1 post 路 0 votes
    6y

    I'm a newbie. Just trying to gather information to see if it's worth getting involved real estate investing. I am one of the "Casualties of Covid", got laid off and at my age it's quite difficult to find a decent paying job. Don't want to file for early retirement so I filled out something online to get information from DC Fawcett and recently listened to the Connected Investor PIN5 webinar. It seemed informative but way over my pay grade to fully understand. After they hit you up with the price that pretty much solidified the fact that most likely I'll be bagging groceries at Publix. After the webinar, I looked up Connected Investors and clicked on the BBB reviews. Doesn't  seem like the have a lot of friends on there!! 43 complaints that go back years. Usually about refunds and customer service not responding to emails or calls for assistance that they paid for. For you folks that signed up, Is this what Ci is all about? Taking your money and not helping? Now I'm a little leary about looking for different "gurus" because their service is probably the same!! I think I like Trevor Sisk's post.

    "

    0Reply
  • A Dwyer
    Investor 路 Member since 2021 路 2 posts 路 3 votes
    5y

    Hey there!

    First I want to introduce myself because I believe in being completely transparent with who I am, what I know, and what I believe in. I am a part of the Connected Investors team and have been for the past 18 months or so. I started part-time on the marketing team and made a shift to Customer Success because that's what I love to do the most: I love to help people! & also really love real estate investing! ( Officially started my LLC this past October called Armstrong Enterprises! )

    I have worked in the service industry for quite some time and absolutely love to problem-solve and find solutions for people who are driven and goal-oriented. Fast forward to today and that鈥檚 what I get to do all day, every day, in the real estate investing world!

    I think that BP seems like a great place to build your network and learn as well and do not want to discount what they offer on this site either. I will say that what drove me to work at this company is the fact that I truly believe in Connected Investors, the company鈥檚 mission, and love how our ecosystem of buyers, sellers, and lenders are all in one place - I understand people on BP are skeptical of Connected Investors so I wanted to respond to this thread and state that we care about each and every one of our members and their success, and are actively working to improve the customer experience and software. Not everything at Ci costs money and it's a great place to build your network. 

    1Reply
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