Question on Advertisements That Offer $$$ To RE Investors

Question on Advertisements That Offer $$$ To RE Investors

Real Estate Agent · Sierra Vista, AZ · Member since 2016 · 23 posts · 6 votes

I saw an advertisement on www.loopnet.com that stated the following:

$$$ For Your Real Estate Business- Wholesalers, Flippers, Rehabs, Investors, Brokers, Bird Doggers.. Zero 0% percent funding for your “Real Estate Business” . This is "opportunity money" ideal for property wholesalers, contract flippers, assignors, investors, bird doggers, finders, brokers, etc. Do more deals simultaneously...make more $. Non-personally reporting, Start-Ups OK w business entity. Up to $250,000 in less than 30 minutes. Simple, Fast, Funded. Two programs: #1) 550+ credit; #2) 700+ credit. A real estate background is a plus. Contact us today...we'll show you the money tomorrow.
Well, this seems legit. However, I need help from my BP family. Thank you in advance for your help and input.
Sincerely, Conanjay Wallace
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  • Rental Property Investor · Rockwall, TX · Member since 2015 · 891 posts · 701 votes
    10y

    Sounds like a scam to me. 0% APR? 250k in 30 minutes? 550 credit score? No Business History? If it sounds far too good to be true, it usually is.

    -Christopher

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