You might have missed recent FBI public service announcements concerning what they view as FC scams, helping people in a FC.

Someone else, in their mind, has already taken the risk that you will fix it up and get it rented and that it will appraise for $150,000 when its done.As far as the bank is concerned, if you're doing a rate/term refi and not pocketing any cash, there's less likely a chance that you're running some scam with an appraiser to take off with a bunch of money. 

I always wish they just knew about Bigger Pockets before they got scammed into buying.Thanks and have a great weekend.

I am curious to see if anyone is willing to admit getting scammed or duped by either a Guru or anything related to RE investing products that did not turn out like advertised?

We personally don't do Subject To's unless we have the ability to completely pay off the loan to the bank because its a possibility that could happen, but mainly because even though its legal to do Subject To's, where we are anyways, they really give the impression of a scam, especially if something goes sideways in the deal.

I really don't understand why they are calling that a"scam" and why it was treated as such.???  

It just strikes me as a scam to purposefully advertise "investment" seminars to people with bad credit and none of their own money.

any lender asking for more than a few hundred bucks up front is scamming you .. bottom line.. use a reputable lender the ones that @Tom Shallcross mentioned above I have used successfully.

You will get scammed. 

Does this sound like a scam or a legitimate offer?