This sounds 100% like a scam.

I have funded i bet no less than 200 deals in the last 10 year that were from Aussies selling their home that is now a full reno.. many of them in their superannuation funds. ( US version of IRA )  just the dirty little secrets most wont talk about. propertyinvesting.com.auJust posted on there last week.It's completely dead mate.Such a shame.SomerSoft was big and they shut down also and re-started propertychat which is now huge lolBut literally no talk about investing in the US.Aussie's got burnt bad so it makes sense unfortunately Yep, $100,000 in Super for example.Property agreed cost $50,000 but provider put $100,000 on PA.Gave the $50,000 back to Aussie investor so they can cycle money "legally" out of Super.Was a nice little scam that suited many Aussie folks and property sellers in the US.Even tho the property they bought in the US was $#%@ but I guess that was the cost of getting money out of the Super prior to retirement age.

Is this a scam?

I’m not new to Zillow, I’ve sold many properties there FSBO but this is a new one: Buyer appears to be a land speculator, I docu-signed a contract to sell a vacant lot and thought nothing about them asking for a 14-da...

This keep the lender and borrower safe from scams.

My work moved to an insurance company 401k that is a complete scam.

James, I don’t quite understand why you think subject to is a scam?  

I would recommend you checkout this thread on Pinpoint Profits & Connected Investors for your reference:https://www.biggerpockets.com/forums/79/topics/414833-connected-investors-largest-rei-scam-on-the-internet?

This partnership thing is a total scam.

Mind you, we have our own version of these scams here in Canada but they're most often mining related and much bigger in scope.As to your friends, I assume you're talking about Cerritos.