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.

You will build reserves to fix stuff (the capital expenses) if you factor in the 50% rule (you can find the discussion on the BP forum).As far as deferred maintenance, the seller doesnt get a free pass and cannot dump it on the unsuspecting buyer.YOU get estimates for heaters and new roof, and take it off the asking price.Somewhere in the middle, you will reach a deal.

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

And or Deceitful seller unsuspecting buyer..

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