Larry Folkerts / REI web tools Larry is a wholesaler in the greater Sacramento . His scam is to say he wants to buy houses if you find them .  Sacramento Internet

 My company found him multiple houses they we had under contract . We had agreements for one house that he would pay a assignment fee of 25k for 1 and the other a assignment fee of 15k . When both deals were supposed to close he said that his buyers backed out and no longer wanted the deals . During the time he was bulls******* me about wanting to cancel . He went direct to the listing agent and wrote a offer on both deals for 5 k more and I lost both deals including a 4k deposit . I am going to be filing. A complaint and suing him and his company . This is a very bad guy and cost we over 40k which I give half of my profits to the wounded warrior project !

There is a wholesaler in the greater Sacramento area named Larry Folkerts . His scam is as such ! He post adds and finds other real estate investors stating that he needs two rehab deals a month . I had two deals that I was assigning to him where I was making 25k on one and 15k on the other . His game is to tell you that he wants them and he will sign the paperwork . Once you get close to closing the deal . He will tell you that his buyer backed out . In the mean time he puts a back up offer in with the listing agent and he lets your deal cancel . He then closes on the property behind you . Please contact me for more information . I am in the process of suing him now and have three other investors he as done this to as well . Feel free to contact me if you know this guy . Dave Simmons (((Redacted)))