They must have changed then. I checked into them a couple of years ago and they offered 30% on your first deal and 40% on the rest.
You can find partners if you keep looking.
Hard money lenders are the best way to go. I use them all the time. Even at 18% interest the total cost of the money only runs about 15-20% of the profit. That means I get to keep 80-85% of the profit. I like that better than keeping 40-50% of it. Plus on some hard money loans you don’t have to sign personally which makes the deal even better.
I guess thats why there are so many options available, so we can do what we feel comfortable with.
If your making money with nationwide then thats better than not making any at all. Good job for making it work.
Jason
Does anyone have any information/personal experience/advice in dealing eith Nationwide Real Estste Discounters that they would be willing to share with me? I’m considering signing up with them for my first few rehab deals to build a little more cash and to reduce risk initially.
Re: Nationwide Real estate Discounters - Posted by Li Ching Chee
Posted by Li Ching Chee on October 21, 1999 at 23:01:22:
Hello,
I have ordered the manual and have spoken to my acquisition advisor. However, upon reading the follow-
ups which most of them are pretty negative or neutral, I am feeling skeptical now even to start this business venture.
What should I do? will I get my deposit back? or should I give it a shot.
They offer you a 30% share of the profits for your first deal!. You can do better with a partner at 50% or a hard money loan at 18% interest. You can do better own your own.
Jason
AB, I bought their study manual about 3 or 4 years ago for around $250.00. The manual is pretty inclusive but the guidelines that you will have to work within to do deals with them are pretty tough. They require a lot of paperwork, pictures, estimates, very very low ball offers, using a letter of intent rather than a contract which will eventually be filled out by them after they approve the mountain of paperwork you send them etc. They wanted another $250.00 to bring them offers on top of the $250.00 for the manual so I stopped there. You’d probably be better off spending the money on some good courses and learning to do it yourself. You don’t need them. Just my opinion.
I don’t know what you are feeling sceptical about. The company offers cutting edge information, free unlimited consultation services with experienced investors and an all cash financing program. I have seen plenty of positive statements about the company. The only negative ones I have seen are from malcontents who are not smart enough to make this or any program work. They blame others for their shortcomings. Make it work@!!!
Nationwide gives 40% on all transactions. I know, I have completed 3 with them. Also, you will not find 50% partners who are puting up all the money. Never ever borrow money from hard lenders.
I agree with Nick. Stop complaing and get hings done. Nation-Wide offers all the tools for you to be in the real estate investing business. It is up to you to make it work.
