Join venture scam?? Investing investors

[Helen Ramirez]

Hello BP community,

So I am new to this and I came across an investor who works on rehabs and also knows lendors. I met up with them (two individuals) who are partners. One guy does the financial and the other guy does everything else. They said they like to teach newbies the rope but of course they (newbies) has to put in the deal. I told him i have no capital but i do have good credit. They told me they work with helping getting funds and know a lot of people such as banks, hard money lenders so forth. He said with my credit i can get a loan out, i will be using some of it in the deal say i get $80,000, i will have to put say $15-20,000 down. they will be doing the rest. They told me they have the GC buyers and so forth. They said i can of course go to the bank with them and see what im approved with. They said the profit will be split 4 ways 25% each, 25% ONE GUY, 25% HIS PARTNER (Which i met as well) 25% myself and 25% back to the bank. My question is how can i know for sure i am not getting scammed? They showed me a HUD-1 sheet of what they closed on to explain how it works. To me they seem legit but you just never know. What is it to them to help someone new and not get a lot of profit? They did send over a Joint-venture agreement to look at. They haven't put pressure on me either.