Am I being scammed?

Question

Hi,

I get myself into a situation knowing I was taking a risk. So I met this guy on reddit who said that I could get into wholesaling for 10k. There were a lot of red flags that I won't get into. He said the he has a birddog that is selling leads for homeowners for .95 center per lead and. I need 5000 leads to get started. I bought into it . So now I have 5000 leads. The Birddog sent them in an excel sheet. It took a while because he was skip tracing them.

So my first set of questions is

1. Do you have to have license to be a birddog? Is there credentialing involved?

2. How can you verify the that the list he sent is not used already ?

3. Is .95 cents per lead the going rate for home owners ?

4. Does anyone know any reliable birddogs?

5. If this is a scam is there a way to get your money back.

6. If I do truly have a list of 5000 leads for homeowners who want to sell can I resell that list if I haven't used it at all.

So thats the first step. Now the guy who is teaching me is asking me to buy a cash buyers list. This is $13-14/lead. He says I need 500 but if I don't have the money I can start with 350 leads.

So my questions to follow this

1. Are these the going rates for cash buyers list

2. Does anyone know of any reliable birddogs?

thanks for your help In advanced

Mitul Gandhi · Answer

Thanks for the replies. When things are too good to be true they really are too good to be true

Jonathan Greene · Answer

Yes, this is a scam. I think you can trace it back to this - "I met this guy on reddit."

What are you even trying to do? Do you know what a birddog is? A birddog does the dirt work for investors. What are you supposed to get out of this? Do you think you are going to wholesale properties on this list? Anyone who responded to the ad got the same list. Guaranteed. You will not see the money again. Ask to meet in person or to Zoom, see if that happens. This one is lost. Drop that list and never touch it again and go to REI meetups and meet people in real life.

Paul Shannon · Answer

Are you able to qualify any of these leads as legitimate? You said that there were red flags you didn't mention in your post....if your gut tells you its a scam, it probably is.

You can go to listsource.com, run your own criteria of what you are looking for to really narrow your scope, and pay a lot less than .95c per lead.

As for the $13/$14 for a cash buyers list, that sounds crazy. Find out who the wholesalers are in your market. The good ones know the cash buyers and you don't have to pay anything unless you sell through them.

Am I being scammed?

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