I often post the following suggestions to avoid getting scammed by them: 1.

Montelongo is well known for these scams.

BTW, CAP rate only applies to commercial property (5+ units) ... if anybody is trying to sell you on a 1-4 unit property by telling you what the CAP rate will be, then do yourself a favor and take my advice to run for the hills because that provider either has no clue what they are talking about or is trying to scam you or both.

I've purchased the C-D (many C's and one D) properties in Indianapolis in those years, around the same time this predatory "turnkey" company in Indy scammed a ton of investors.

Their sales pitches are enticing, which of course raises in my mind red flags of possible scams, but after searching online (including here), I can't find one negative report posted against them.

Or, just continue beating the dems at every turn until enuff are gone, that they can't continue their scams.

Interest only, say a five ten year balloon and no prepayment penalty.WIth your other properties encumbered you can buy new properties and then assign the needed collateral and release the other.Now, there is a scam type deal out there that has an agreement where a borrower can substitute collateral at will, at their whim and on any property they choose, very dangerous!

Beginners luck or scam?

Lots of scams for loans specifically targeted at desperate borrowers.

Just trying to understand the difference in making money in good faith as opposed to scamming people with your rinse and repeat approach.Who the h3ll is Joe McCall?