If you are looking for “free coaching” on your deal, no one will give you better advice on whether or not your “deal” is actually a “good deal” than a Lender. The reason is they usually have more capital and skin in the game than the investor borrowing from them. They also don’t want your deal to fail – they are in the paper business not the houses business – they want to own/control the money while you own/control the property. Blink Lending has an excellent “Get a Second Opinion” feature that will allow you to have that extra pair of eyes looking at your deal. Find them on our VENDORS page. 

What’s the best money advice we can give you? Before you get a deal under contract or put a non-refundable deposit down with a wholesaler (as an example) will you attend our training? You see, we are not able to vet each and every deal to check to see whether or not it’s a good deal. But we want to give YOU the tools to do exactly that! The best investor is an educated investor. If you don’t take the time to get educated, then you may fall prey to the old saying “A fool and his money are soon parted”. I don’t worry so much about the investors who don’t have money who are putting properties under contract (with little earnest and option money deposits – ie little skin in the game and little risk). 

I do worry about the investors who DO have money but DON’T have training. I’ve seen monied investor after investor buy property from someone else prior to verifying the inputs they are given – specifically the After Repair Value (ARV) and the Repairs it’ll take to achieve said ARV. Sometimes there’s a conflict of interest going on here: The person bringing you the deal is also bringing you the numbers/facts to do the due diligence and they only get paid if you believe what they give you. Are you seeing a problem here?