Phantom investors


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  • Jackie had a post on here about a lead in Chicago Heights Illinois for a mobile home took a while but I got it under contract I now have contacted 26 investors so they say I call them Phantom investors that came to my website fill out a form and said they were legitimate investors not one of them has responded to this great little Lonnie deal lot of flakes out there all claimed they were cash buyers just don’t get it

    So sorry Don

    My guess is that at least 50% of the people who advertise that they are “cash buyer” are actually wholesalers who are hoping to get a contract on a property then wholesale it to someone else. Most of them don’t want to buy anything. But they will gladly try to make a buck on YOUR deal claiming that they have investors they can sell it to. You definitely do not want to get involved in that kind of daisy chains. Daisy chains often fall apart at the last minute.

    Sounds like it’s time to advertise for a retail (owner occupant) buyer to do your own Lonnie Deal.

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