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WATCH OUT FOR USINVEST. They create the image that the only fee they take is the buyers agent fee of $3995. They do not tell you that they struck a deal with the owner whereby they in fact purchase the property and then sell it to you at a much higher price. And then they have the audacity to charge the buyers agent fee on top of that.
They load the price so that it still is cashflow positive and appear good on paper even though it is overpriced compared to similar properties, however just because an investment is profitable does not mean you aren’t paying too much for it.
They also tell you on their website that you can get financing of 5.5% but when the real deal comes the rates are over 10%. Also on their website they promise a loan originator’s fee of 1% but when the real deal comes you pay 5%. These guys are just a bunch of marketers who have become greedy. All of them are still very young and surely still wet behind the ears. They are so disorganized the right hand does not know what the mouth has promised. They are making in excess of 20% profit on each property they sell. They are very good at marketing but not at anything else.
Much rather do this on your own. Get yourself a registered real estate agent (well known brand) and do the transaction yourself. Make sure you use an independent property inspector.
