The real estate market and business in Arizona is drastically different from the Seattle area. Doing what everyone else is doing just because everyone else is doing does not appeal to me so the past eight months has been spent doing an investigation of the current Arizona real estate investment frenzy.
Arizona has a multitude of fix and flippers, wholesalers, hard money sources and “how to get rich opportunities”. I finally found Sterling Investors which claims to be a place a Realtor can earn a living while helping others get safe, high returns on their savings. Sterling seems so good, it brings to mind the warning; “If it seems too good to be true, it might be too good to be true.” That is why I am presenting this information and seeking feedback.
The organization consists of five companies under the parent: Sterling Group United. Nothing about Sterling seems glaringly false. They claim to have a program returning 8% fixed with no mention of risk. It is hard to believe anything has no risk. Their “Turnkey” program claims to return 10% and their pre-development land program claims a return even better than 10%, still with no mention of risk. Their answer to questions about risk is: “These programs don’t involve leverage and are backed by physical income producing real estate”.
All the links in this article have been removed in order to not direct you to something with a lot of “too good to be true. ***** “Is this too good to be true?”
Thanks. Let’s talk.
Written April 09, 2017, tweaked April 11. Links deleted 2/3/18 Please excuse any typos.