Hello All
A friend of mine came across this company Nu-Way Real estate and asked me what I thought of them. Well I never heard of them but did read the material they recieved in the mail for $40…Was interesting…but there is a $5000 investment to get aboard with them.
Their niche is you use all their money to buy properties. You just find them, they do all the work, as long as the property will make at least 20% profit they pretty much will buy it. If it turns out to be a dud then they eat it, not you.
They pay you 1% of the purchase price within 7days of the close (this way you can get your initial investment back in 2 deals in most markets) and then based on the ROI you get 20%-35% of the profits. Realistic figures is 10-20K per deal on the back end plus the 1% of the purchase and if your a realtor with the listening, they will list you as the realtor sweetening the deal with the 3% commisson more, plus a 5% commission on the back end for extra.
It all sounds interesting, they teach you with phone and internet coaching for 4weeks, 1hr week how to find and invest in everything, rehab, foreclosure, preconstruction, condo conversion, etc…
So what do you think, it wouldnt be to bad just to add some more passive income on deals I could not close because of funding…Better than an assignment fee really…
So looking for some feedback on this company and program…My only advantage is I am active in REI now but deal with just certain areas because of my market.
andrew