Is potential partner a fraud?

[Rio Peterson]

I was recently approached by a seemingly experienced real estate investor to partner with him to flip $1M+ ARV homes. We met for the first time at a networking event and after hearing I work in finance, he was overly eager to work with me despite me having no experience in real estate.

After talking a bit and showing me some figures, he invited me to view his properties in a town over 50 min away immediately after the event. It was a bit odd, so to be cautious, I brought someone I trust to accompany me.

We viewed the properties (which were beautiful), then he proposed how we could set up a partnership, where he sources the deals and raises funds from other investors, and I would manage the operations and budgeting of the flip to completion because I have no money to contribute. He would also teach me how to find deals throughout the process. He asked me to complete a credit check to prove I'm qualified to invest.

Further, he said because he would give me ~$1M for the flip, he wants me to quit my job to work for him full time (he gave me 48hrs to decide). As he pools together investor's money for the flip, he would also include the value of my current salary in the pool. Essentially, he wants to buy me out of my job using other people's money which is a red flag that he can't pay me himself. I don't want to quit my job without knowing this investor is the real deal. Further, he was making guarantees that I would become a millionaire within 3-5yrs.

I looked at public records on him and found 11 bankruptcy filings from 10-30 years ago. Nothing else since then. He claims to have been an investor for about 3 years; he's flipped dozens of houses, and currently has 30 properties under contract, so those records could be irrelevant. But these records are telling me that he knows how to work the system and isn't afraid of taking people's money then not paying them back.

I was thinking of asking him to do a credit check as well, but how else should I approach this? Why would he be so overly eager to work with an amateur he just met? Should I bring up the bankruptcies? Any other red flags come to mind?

(Note: For more background, I'm a girl in my mid-20s. He kept saying he wants to have a "nice, pretty face" as a fresh spin on his business. Not sure how to interpret this, but it felt a little inappropriate. The trusted person I brought with me was concerned that he would use me and my clean record, and parade me around as his CFO to help fix his tarnished reputation. This risks me losing my securities licenses.)