A business plan actually makes sense but through the years ive been listening and learning through podcasts and audiobooks, i havent encountered a business plan as part of financing. 

Here are the links to my complaints about Justin Wilmot:www.ripoffreport.com/report/justin-wilmot/ormond-beach-florida-scammed-1529005www.complaintsboard.com/freedom-moguls-real-estate-investing-program-c1854128Here are the links to complaints from other customers who were duped by him:www.ripoffreport.com/reports/10-hour-wholesaler/internet/10-hour-wholesaler-httpwwwprivatemoneyblueprintcom2013the-10-hour-wholesaler-justi-1156408www.ripoffreport.com/reports/mobilewholesalingcom/internet/mobilewholesalingcom-justin-wilmot-mobile-wholesaling-gave-me-a-refund-and-the-account-1383770Here are the links from a customer from BiggerPockets who was also duped by him:www.biggerpockets.com/forums/79/topics/821124-justin-wilmot-outsourced-flipwww.biggerpockets.com/forums/79/topics/131279-need-opinion-on-the-justin-wilmot-10-hour-wholesaling-course?

In addition to the management fee and interest, you may encounter several other costs when securing a private loan.

You didn't say you had knowledge that the law office holding the escrow was in on this scam.

I'm hoping that I'm not the only one that's encountered this. 

They don't know when things are wrong, and they don't know when they are getting skimmed or scammed.

Yes I've used them and its a big scam.

One challenge I’ve encountered is that a lot of syndicators I’ve met seem to have wealthy family connections or a built-in network of high-net-worth individuals.

Why do I have to wait if I am only doing a rate and term refinancing.Hi Sam,What you're encountering is called a "seasoning period."

Wherever you invest, you're likely to encounter a similar situation.