I recently started a closed Facebook group to teach people in our REIA how to safely lend their own money on deals to others in our REIA to promote investing activity and I'm not worried about the law coming down on me for teaching this to others without a license or brokering it out for them if that's what they prefer.It's very difficult to get any help from law enforcement or other regulatory agencies even if you do collect money nationwide from people to scam them or to legitimately broker it, whether you have a license or not.

But it certainly is NOT a scam in the sense that the material is 'wrong' or 'fake', but I would definitely question some of the statements they make in their marketing/sales efforts.Fortune Builders' material is geared towards making a business out of flipping a home.

Too many newbies want to ue cap rates because they think it makes them look "professional" when the opposite is true or they are trying to scam other newbies trying to make them think they an compare a 12 cap with a CD rate.  

The reason given by the Washington Legislature forbidding non-owners from paying someone else's taxes is that some owners were being scammed by investors paying the owner far less for a property he/she was about to loose, then the property owner would have received in excess proceeds from the highly competitive property tax foreclosure sale.A number of local investors say that the real reason for the change in who can pay property taxes, is that many county budgets were being seriously impinged by investors removing excess proceed funds that otherwise escheat to the county general fund.

I remember guys running that scam in the late 70's.

Even though those of the golden rule should remember they are paid by the buyer who only wants a deal that is not scam right out the gate and then the homebuyer is blamed as not responsible, buying that which is not affordable.

Scams wanting people to put up money to get keys in the mail.2.

There is always some that are to lazy to earn it the honest way http://homes.yahoo.com/blogs/spaces/watch-refinancing-scams-230857579.html

Another scamming indicator are those who offer SF with inflated sales prices as if financing it makes the deal more valuable.

If so was it successful or did you just get a bunch of scams/spam?