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Investors For Real Estate Deals |
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Oct 23 2010, 05:28 PM
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MMG Member
         
Group: Member
Posts: 40
Joined: 4-February 06
Member No.: 27,940

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Hello,
DurSouth Properties, LLC, located in Maryland, USA is currently seeking investors to assist with funding for a number of real estate deals in the Washington, DC area. We specialize in negotiating contracts to purchase undervalued properties, then selling those properties for profit.
We are currently negotiating a number of deals and need people that are willing to invest and/or partner with us. Below are two such deals:
3 Bedroom/1.5 Bathroom House in Washington, DC - Purchase: $35,000, Will sell for $90,000 or more 2 Bedroom/1 Bathroom House in Washington, DC - Purchase $50,000, Will sell for $125,000 or more
If you are not familiar with the housing market in Washington, DC, you should know that it is among the strongest in the nation due to the availability of Federal Government jobs.
We need to secure funds to close deals right away. If you would like to work with us, please reply or contact us at invest@dursouth.com.
Thank you!
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REAL Real Estate Investment! invest@dursouth.com
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Oct 26 2010, 10:14 AM
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MMG Member
         
Group: Member
Posts: 497
Joined: 7-August 07
Member No.: 116,260

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MD State Corporate Registration: Status: ACTIVE Owner (Primary): DURSOUTH LLC 4304 19TH AVE TEMPLE HILLS, MD 20748 - 5620 Location: DURSOUTH PROPERTIES 4304 19TH AVENUE TEMPLE HILLS, MD 20748 Renewal Notice Date: N/A Expiration Date: 08/07/2013 http://sdatcert3.resiusa.org/UCC-Charter/D...++&TabNum=1Google Streetview for address: http://maps.google.com/maps?hl=en&q=43...2,58.69,,0,0.27 Looks to be an individual wanting to play in the real estate market: http://webcache.googleusercontent.com/sear...=clnk&gl=usQUOTE Author How Do I Find Funding For My Deals?
DurSouth
1 Posts Member Since: 10/24/2010 Join DurSouth's Network What's My Favorites Network? Posted: 14:03 on 10-24-2010 -------------------------------------------------------------------------------- Hello everyone,
I am new here, but this looks like one of the best investor communities on the net!
I have been dabbling in real estate investment since 2003 and have had some highs and some lows. Right now, I am finding and negotiating contracts on several undervalued properties in the DC area and am looking for funding.
Does anyone know how I can find funding/investors that would be willing to fund deals without any up-front costs? Are there any lenders that would be willing to roll any points or closing costs into the loan? What's the easiest way to find someone to wholesale to? It seems that finding the deals is easier than finding the funding. *sigh*
Any help would be greatly appreciated! LovelyLady: This is the wrong place to be looking for investors. Unless you're planning on running a Ponzi scheme and promising N% per day anyway. lol None of the "programs" listed here are real investments; rather, they're all just money games, pyramid schemes, and outright frauds disguised in various ways. Although I could question the reality of the specific deals that you cited, I don't think that you're intending to run a scam and I'll assume best intentions. If you're seriously looking for investors, then you probably don't want your name, etc., coming up on this forum when somebody does a search as any investor will when doing minimal DD. You might want to message one of the mods and ask for this thread to be deleted.
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Oct 26 2010, 10:36 AM
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MMG Member
         
Group: Member
Posts: 154
Joined: 29-April 10
Member No.: 210,312

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All joking aside, there are people who do make a lot of money buying, remodeling(or not), and reselling homes. So it would be interesting to find something like this........lol............but, very leery when I see it here....................
I once worked with a guy who bought used cars, fixed them and then resold them. He did this on the side. I approached him about possibly investing as a partner. I would supply the money, he would fix the cars and we'd split profits, etc............Never came to pass, but of course I knew this person. I imagine it would be much easier to find local investors for these types of things, etc...........develop a relationship and trust among things.................
This post has been edited by unstraight: Oct 26 2010, 10:52 AM
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Oct 27 2010, 08:35 AM
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MMG Member
         
Group: Member
Posts: 40
Joined: 4-February 06
Member No.: 27,940

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QUOTE (unstraight @ Oct 26 2010, 01:36 PM)  All joking aside, there are people who do make a lot of money buying, remodeling(or not), and reselling homes. So it would be interesting to find something like this........lol............but, very leery when I see it here....................
I once worked with a guy who bought used cars, fixed them and then resold them. He did this on the side. I approached him about possibly investing as a partner. I would supply the money, he would fix the cars and we'd split profits, etc............Never came to pass, but of course I knew this person. I imagine it would be much easier to find local investors for these types of things, etc...........develop a relationship and trust among things................. This is exactly what we do (buy, rehab, resell) among other things. I'm looking everywhere for investors, locally and non-locally. Again, I do understand the skepticism. It's natural. Thanks for the feedback.
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REAL Real Estate Investment! invest@dursouth.com
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Oct 27 2010, 09:08 AM
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MMG Member
         
Group: Member
Posts: 154
Joined: 29-April 10
Member No.: 210,312

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QUOTE (LovelyLady @ Oct 27 2010, 11:35 AM)  This is exactly what we do (buy, rehab, resell) among other things. I'm looking everywhere for investors, locally and non-locally. Again, I do understand the skepticism. It's natural. Thanks for the feedback.  You bet.........Can you tell us a bit more about this here? Minimum investment, possible range of returns to investors, etc................. I googled you and see a website not yet online.........when will it be finished?? Thanks.........................
This post has been edited by unstraight: Oct 27 2010, 09:12 AM
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Oct 27 2010, 03:22 PM
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MMG Member
         
Group: Member
Posts: 40
Joined: 4-February 06
Member No.: 27,940

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QUOTE (unstraight @ Oct 27 2010, 12:08 PM)  You bet.........Can you tell us a bit more about this here? Minimum investment, possible range of returns to investors, etc.................
I googled you and see a website not yet online.........when will it be finished?? Thanks......................... Hi unstraight, We are looking for investments between a minimum of $1,000 and $250,000 at this time. Any investment amount in that range is acceptable. Interest on your investment would be paid as follows: 3 Month Term - 4.5% return 6 Month Term - 9% return 9 Month Term - 13.5% return 12 Month Term - 18% return All investments are 100% backed by real estate-related transactions (notes and properties) and are not Securities. The investments are considered private borrowing transactions secured by real estate. We are aiming to launch our web site by the end of December, hopefully sooner! Also, we haven't considered traditional bank loans. It's not as easy as people think to get real estate-related loans from banks nowadays. lol
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REAL Real Estate Investment! invest@dursouth.com
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Oct 27 2010, 05:15 PM
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MMG Member
         
Group: Member
Posts: 497
Joined: 7-August 07
Member No.: 116,260

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QUOTE (LovelyLady @ Oct 27 2010, 04:22 PM)  Hi unstraight, We are looking for investments between a minimum of $1,000 and $250,000 at this time. Any investment amount in that range is acceptable. Interest on your investment would be paid as follows: 3 Month Term - 4.5% return 6 Month Term - 9% return 9 Month Term - 13.5% return 12 Month Term - 18% return All investments are 100% backed by real estate-related transactions (notes and properties) and are not Securities. The investments are considered private borrowing transactions secured by real estate. We are aiming to launch our web site by the end of December, hopefully sooner! Also, we haven't considered traditional bank loans. It's not as easy as people think to get real estate-related loans from banks nowadays. lol  Except that you just blew the whole "private" thing by making a PUBLIC solicitation to non-qualified investors and also extended your offer across beyond state lines thereby blowing another possible basis for exemption. lol ; ) Regardless how you attempt to characterize it otherwise such an arrangement would be considered "securities" or, more precisely, an "investment contract" which is the operable basis for considering what is regulated by the Securities Commission. As a practical example of a very similar case to that which you propose: QUOTE Attorney General Gansler Issues Cease and Desist Against Maryland Mortgage Company April 22, 2010 BALTIMORE, MD - April 22, 2010 - (RealEstateRama) — Attorney General Douglas F. Gansler announced today that his Securities Division has ordered Montgomery County-based WEI Mortgage Corporation, and its principal, Wesley Yuan, to cease and desist violating Maryland’s securities laws. The order charges WEI Mortgage Corporation and Yuan with engaging in the offer and sale of unregistered, non-exempt securities in the form of “FPP” or “Funding Participation Program” promissory notes, while misrepresenting to investors that the FPP notes were not securities investments, and that the investments involved “little to no risks.” According to the order, WEI Mortgage Corporation advertised the sale of its notes to the general public by way of its website, www.weicorp.com, as well as in advertisements in the Asian Gazette and Washington Chinese News newspapers circulated in Maryland. WEI Mortgage Corporation’s website identified the FPP program as offering a fixed rate of return and as having advantages over other more mainstream investments such as bank CDs, mutual funds and stocks. The website also claimed that proceeds from the sale of FPP notes would be used to fund WEI’s mortgage business and that FPP earnings were derived from WEI’s practices in originating, financing and trading mortgage loans. “All securities investments involve some degree of risk that the value of the investments will either go up or down,” said Attorney General Gansler. “The Order requires WEI Mortgage Corporation and its principal to cease from soliciting investors by misleading them into believing that these investments are without material risk and that the offer and sale of the promissory notes are not regulated by the Securities Division.” WEI Mortgage Corporation is headquartered in Rockville and licensed as a mortgage lender in Maryland, Virginia, Delaware, Florida, South Carolina, California and Georgia. In making today’s announcement, Attorney General Gansler thanked the Department of Labor, Licensing and Regulation’s Division of Financial Regulation for referring this matter to the Securities Division. Any person who made an investment in an FPP note is encouraged to contact the Securities Division at 410-576-7649. Before making any investment with an individual or company, consumers should call the Securities Division to verify the salesperson’s registration in the securities business, to inquire into the status of the product being offered and to review any disciplinary history for the salesperson. The Securities Division can be reached at 410-576-6360. A copy of the Securities Division’s order can be found at http://www.oag.state.md.us/Securities/Acti...y_order_wei.pdfMedia Contact: Raquel Guillory, 410-576-6357 rguillory (at) oag.state.md (dot) us This type of thing is not at all new ground for regulators/judges/etc. In the event that you make public solicitations for investment from non-qualified individuals there are no "loopholes" that permit you get around the law by calling it something else or otherwise obfuscating what's happening or how you structure participation.
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