Whats with the "looking for real estate students?" thing?

[Antonio Esquivel]

So I'm sure I'm not the only one who has browsed around Craigslist and seen signs driving by that goes something like "real estate investor looking for students, 5k-10k potential". Or sometimes it's "looking for a real estate student, unlimited wage potential".

Is this just a scam? I mean if you were a bird-dog for a flipper and say you made $500 per find, you would need to find 10 deals in one month just to get the 5k. And I think there are very very few flippers that could purchase 10 homes every month while flipping at the same time. I see these all the time just wondering if someone has done this before.

[Jon Holdman]

Its very likely this is an organization that get "trainees" to pay big bucks to be part of the organization.  And then they give them a little real estate training.  And a lot of training on how to recruit other folks into the organization so they get paid a cut of the fees the new ones they recruit.  

Scam?  Maybe, maybe not.   An opportunity to learn something for free?  Certainly not.