Anyone Heard Of These Guys?
I met a guy that works with Realnet. They are basically a turnkey operation that secures rehab properties, supplies you with hard money, contractors, loans, closings, the whole 9 yards. They claim they can usually get you deals with equity in the 20-35% range not including closing costs. They seem reputable, but what are some of the catches they're not telling me? Does anyone have experience with Realnet or companies like it?
I guess I'm not sure what they need you for if they supply the property, workers and money. To answer your question, no I've never heard of them.
I did not like Realnet because they required a large down payment. I was also concerned about other cost associated with deals they offered.
Hmmmm....sounds too good to be true. So it must be okay.