I don't know whether they actually don't know anything about real estate or they're just scamming the newbies.

It's a big joke -- or should I say SCAM.

*Too small of a target market in my area*Not enough people facing foreclosure have 30% equity or more*People will think it's a scam (I was just on the HUD website tonight where they describe a similar arrangement as a scam)*Takes too long to flip the property*Property needs more work than I thought*I can't handle the carrying costs*I can't find anyone to rent it*I can't find financing/get lender to let me assume mortgageThose are just off the top of my head.

Did a yahoo search for "real estate arena scam" to see if there was any dirt on the company and it led me to a thread on this board.From there I couldn't stop reading all the insight and wonderful tools this community has.A little background of myself.

This is exactly how scam artists screw people out of hundreds of thousands of dollars.

I flat out refused paying several thousands dollars "boot camps" because I believe many of them are just scams.

Anyways I came across this site, after finding a listing for "Property Locators" on Monster.com, and doing some cursory research on whether Real Estate Arena was a scam or not.

He has less then 60 days to get caught up on support and he is doing everything he can to get caught up and he thought he can scam me and get caught up.

Another point that I want to make about buying these low income properties that I am finding is that most of these properties haven't had one lick of work done to them since the current scam lord purchased them years ago.

The firm you were trying out was likely a boutique firm or a scam.