There’s nothing worse than a lender that over promises and then can’t deliver (sometimes they don’t even review your file before giving you the pre-approval letter and assuring you that all is well, charge you for the appraisal and let you go through inspection and pay for that out of pocket too, then their underwriters get involved and discover some reason they can’t process the loan leaving you high and dry).

These include falsely claiming to have closed dozens of deals when none were ever closed, illegal payment of undisclosed sales commissions to bundlers and independent contractors, advertising the funds as safe and appropriate to investors with obvious near-term needs for their capital, creating fund of funds en masse assembly line fashion with no corresponding SEC filings, unregistered brokers/financial advisors acting in that capacity absent licensure, having customers wire money claim the fund is fully subscribed and putting them into a high yield promissory note, accepting funds from unaccredited investors, misrepresentations about the debt put on the project, lies about experience level of the principals, omissions of material facts, and at least two straight up Ponzi schemes.While it's true that some legitimate operators are having issues in their portfolios, today's circumstances are a perfect example of the idiom, "you can only discover who is swimming naked when the tide goes out."

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Here are some links to articles I found when I searched top real estate areas for appreciation in 2023:  https://www.doorloop.com/blog/best-real-estate-markets-2022https://www.poplarhomes.com/real-estate-investment/best-locations-to-invest-in-rental-property-in-2023/https://www.bizjournals.com/tampabay/news/2023/02/27/tampa-bay-one-of-the-top-places-for-relocation.htmlhttps://www.mashvisor.com/blog/best-places-for-buying-investment-property/

His negative reaction and aversion to wanting a neutral third party to play referee was a tip off to me to do more research and after paying $25USD for an online background check on the seller I discovered he had multiple judgements against him for business fraud even though the title to the property was clear.My personal lessons from my scammer were1.

I disagree with that blog entry.

Stuff like that cant be unseen - if something unfavorable is discovered, it's permanent. 

During this process, we discovered that there is an industry that resells positions in syndications on the secondary market.

https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?

https://www.biggerpockets.com/blog/core-four-real-estate-tea...