Scammed by our partner who had 10% of the house, asked for a lot of money to do rehab, then asked us to get loan on the house (originally purchased in cash), scammed by lender, ended up paying $8000 for lender fee etc, had to hire someone to rehab for the job he never completed, so spent ~10k after we kicked him out.

As with all areas, there are the good guys and scam artists - I would love to help connect you with the good guys. 

When you post something in certain categories, you may quickly receive inquiries asking to send you a code "so they can make sure your real" or have you email them. this is a major scam.

@Ayana Rose this was a smart move as you probably would've been scammed or highly taken advantage of during the transaction.My lenders are comfortable at 75% LTV and I have a small hand that will go to 80% LTV in LARGE markets.

I'm using do hard money I have read they low ball on the evaluation for arv is this true can they use foreclosures for arv. I have 4 h pi use in the area that sold for over 130 one on the market for 150 and the rest r...

What tells you it’s a scam?

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris Scam and/or Morris Invest Scam for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

There are too many scams out there and you are investing a lot of money when buying a place not to walk through it. 

I  had a ritual where I would randomly choose one un-suspecting friend around town, and drop the beers off on their porch.

And if it is a scam, what are they gaining?