What's the catch with myhousedeals.com?

Question

I came across a website - myhousedeals.com - that claims to find wholesale deals for you in the area you choose. The homepage states:

"Welcome to done-for-you lead generation. We help real estate investors find deeply discounted, off­market properties so you'll never run out of leads to power your business."In my experiences in life I've learned that if something looks too good to be true, it probably is. In the real estate investment game that probably gets changed to definitely. Does anyone have any experience dealing with them and if so, what's the catch?

Wayne Brooks · Answer

It’s just a site where wholesalers post their “deals” that they can’t sell to locals.

Dan Maciejewski · Answer

Yeah, looks like a hot pile of garbage. I just created a free account to check on one and you still don't get any info until you upgrade to "premium." That will "get you the deals 14 days faster than the free members!!

Plus they collect your info nd ask to sell it to New Western (Wholesalers / Realtors) and OpCity (Realtor.Com), who then sells you as a "lead" to Realtors.

Joseph Williams · Answer

It seems there are a lot of scam website sites out there for flipping houses and finding funding. Curious about anyone's input on Jerry Norton's flipster.com? He claims for $99 a month it can give you leads and contacts for funding deals. He also owns propwire.com which I currently have a free account that shows the history of the property and allows Skip trace for a fee.

Also any input on connectedinvestors.com? *I'm not very familiar with this site.

Thanks in advance for any input. =)

Wayne Brooks · Answer

@Bryan McGhee All garbage.

Bryan McGhee · Answer

@Wayne Brooks I get the premise of the site. But have you or someone you know used them to fix and flip a property? When I go to the site in my market, the first page is full of “deals” with $50k - $70k profits. You would think properties like those would be snatched up before they made it on a site like that if those numbers were even close to being accurate. I understand marketing, but it just seems too good to be true. I could be wrong.

What's the catch with myhousedeals.com?

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