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Updated almost 11 years ago on . Most recent reply

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9
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0
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Givonna Wiley
  • Homeowner
  • Streetsboro, OH
0
Votes |
9
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Lender asked me to pay $499 to show me how to wholesale properties????

Givonna Wiley
  • Homeowner
  • Streetsboro, OH
Posted

I recently completed an online application to obtain a Hard Money loan.  Someone called me to deliver the unfortunate news that I would need 20% down.  I have no money!  So they (the lender) recommended that I start off as a wholesaler and they offered to show me how for $499.  

Is $499 typical?  Are there surefire ways that I can learn without paying any money? Would their mentoring be worth the money?  

Should I even change my focus to wholesaling and keep searching for ways to finance my projects with no money down and a low credit rating?

Most Popular Reply

User Stats

99
Posts
18
Votes
Jay Whitfield
  • montgomery, AL
18
Votes |
99
Posts
Jay Whitfield
  • montgomery, AL
Replied

Go to youtube and put in wholesale houses, you will get many videos to show you how for free.

Jay

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