I hope your attorney can help you and remember to stream your energy to find the next deal yourself so you can cover this loss; this is the most helpful way to let go of that feeling of being scammed.

They refuse to give investors the information they ask for such as who is the loan through, what kind of state it is in, and who are the GPs, LPs, profit and loss statements.

If you weight your analysis by:  1.

So all in all - it was a relatively easy learning lesson and not much loss on my end.  

Even when they are charging you a very high percentage, the agent is probably operating at a loss.

And for example if they see a property was taken back by the bank and is not shown on the track record as a huge loss, then that is another type of red flag.Internet searches can also be done on the sponsor looking for lawsuits, etc.

It outlines profit and losses from rental real estate.

or never, if purchased incorrectly.today's random example of how chasing cash flow can go sideways:Sell at a loss or rent at a lossalso, you mentioned buying a distressed property and rehabbing it. 

- Loss of historical data (for both IRS audits and for personal portfolio tracking.)You should be able to print the general ledger and Balance sheet / income statement for each period.

But you are required to file a Schedule E in the US every year showing the total rents you received, the expenses you had against those  rents and your subsequent profit or loss.