As a former syndicator and 1982 National President of the Real Estate Securities & Syndication Institute I have personally witnessed to many horror stories of well meaning folks trying to raise money from investors without good legal advice.Be sure to contact a good securities attorney in your state to inquire about small capital raising exemptions which are not too difficult to comply with.I recently got a private letter ruling from my state allowing me to bring in one limited investor without having to file anything with the state.

There are no foundations issues, no cracks in the brick or sheet rock, which is rare in the DFW metroplex in my price range(I am sure DFW investors would witness for me on that one).

You could also fight and argue with them for 20 hours a week, stay up at night figuring out strategy, thinking of witnesses and asking neighbors for statements about the height of the grass and noise of the dog.

I do a lot of expert witness work and I can tell you that the most common problems are Qualified Intermediaries who did not do a good job and missed important issues (most do not even review the documents). 

If I had not witnessed first hand the fall out and damage done by this model I would not be so vociferous about it.We had a company in the 80s in CA .. called CA wrap  LOL.. and that's when the AITD just came out.. lots of experience at this.. for the well cashed up buyer who is a true professional in the industry it works... but as a general Scheme for those starting out or under capitalized its a very risky move.So for a seller to do this its very risky.. it just is...

I'm witnessing it.Hope that brings a fresh perspective without too much controversy.

We dive in on so many cool topics like entrepreneurship, his beginnings here at BiggerPockets, the power of saying no to get to yes, what it is like to be niche famous, online privacy, how to live a worry-free life, trusting people, kindness, giving and gifting, the power of experiences, productivity, intentionality, fatherhood and much more.Oh, and you also get a chance to witness the dynamic duo back at it . . . what more would you want!

BRRR) and done consistently over time, this can be fairly straightforward and extremely effective as I've witnessed with others and as I am doing myself.

@Josh Calcanis @Antoine MartelWith regards to your question, I'd love to hear someone chime in with an expert opinion (e.g. an agent who witnessed this in their home market).  

Originally posted by Billy Gardner: @Will Barnard I understand that you have witnessed a bad deal and that they underestimated repairs and had the wrong values but still the statement that you made that you agreed with bryan hancock that you should not trust any wholesaler but the proven ones I am a new wholesaler and how would any investor know rather I provide good deals or not without giving me a chance I mean come on people this post is really discouraging for new wholesalers just because someone was notfied of a bad deal and wasted their time we have nothing to do with that nor are in your market so how would you know if it is some scam or not @Bryan Hancock @Nemi W. also @nemi W.