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Updated almost 9 years ago on . Most recent reply
How to avoid frauds?
Hello everyone,
How do you decide whether a deal is fraudulent? What lacmus tests do you use?
I think every beginning investor has to answer such questions.
Best Regards,
Most Popular Reply
![Jean Norton's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/44122/1621407777-avatar-nortonj.jpg?twic=v1/output=image/crop=960x960@0x0/cover=128x128&v=2)
I've seen a lot of lending fraud going on. I have a blog post on how to spot them online but I can put the direct link, but the title is "Scammers".
Never pay an upfront fee when it comes to a promise of something you crave. They may call it a "security deposit", "application fee", etc.