Goes for the gurus, authors and mentors too.The CFPB has a hotline (for lenders) to have questions answered, you might get through to speak to them and get something from the horse's mouth.Before you get involved in any financing transaction of any kind, see your attorney (one familiar with financing issues, not just RE).Passing off "Rent-to-Own" deals is really the target of regulators as far as RE investors goes, more consumers get screwed in these "scams" than any other that I know of.

I have high aspirations and I'm very serious in my devotion.

You probably will have a few frustrating months, then decide real estate investing is a scam, doesn't work, or whatever other excuse people who fail use.

They were trying pull one over on the landlord and he's not playing.So, now 'Frank' is trying to come up with a way to continue to scam the landlord.

I'll you what, though, I thank my own intuition every time I think about how they could have scammed me out of big money.In short, there is no substitute for hard work and lessons from the school of hard knocks.

Although your marketing certainly does have the potential to be a fairly deceiving, so long as your investors actually understand the risk profile of their highly leveraged purchases, it may not be an out-and-out scam.

The "property manager" who they put me on the phone with is a total scam artist.

The police, or whom ever, may have been calling as to a sign ordinance but it could be that someone there is aware of federal law pertaining to these "help you in foreclosure" scams.

I've listened to plenty of podcasts that describe how wholesaling may be one of the harder strategies to start with because you need to know negotating, marketing, contracts, buyers, sellers, networking, markets, rehab costs, and you need to devote a good chunk of time to it.

Do you have money you are willing to devote towards a sustained marketing campaign for at least 6 months, preferably a year?