There's also plenty of lenders who falsely represent the true capital requirements to originate their loans or are merely up front fee collectors. 

You heard false…….

While this is a great and highly motivating goal, most people are either clueless or incorrect in their belief as to what is required to obtain this “lifestyle”.Understanding of the “how to” get there is further obscured by the misleading, and often patently false “pathways” sold by real estate educational MARKETING companies as workshops, upsold to association memberships, upsold to mentorships.

What do I care if someone owns a property they post to their website or not?

We read what you said and we understand it entirely aside from the false accusations you tried to make in your paragraph.What do you want us to sit here and go back and forth with you on every single detail?

As a property manager, it's crucial to understand the nuances of these fraudulent practices, recognize the signs, and implement strategies to mitigate risks effectively.Understanding Rental Application FraudRental application fraud occurs when a prospective tenant provides false information on their rental application in an attempt to secure a lease.

This is false.

I found this out after several victims skipped traced me and called me at my real phone number.A search of the scammer’s phone number indicated it was used on other fake websites to falsely represent other legit lenders, as well.

These penalties include:Five years in prisonUp to $500,000 in finesEquity Skimming may also result in Conspiracy charges, specifically conspiracy to commit bank fraud and false statements to influence a financial institution.

Then there’s fraud or misrepresentation, where borrowers inflate project values or provide false documentation.