Check out the recent podcast > BP Podcast 149: Early Retirement, Real Estate Bubbles, and Dangerous Scams with Radio/TV Star Clark HowardI would rather invest my 30k as down payment on a 2016 Tesla Model X, park my Tesla on a sandy beach by Ocean Shores, WA, open up the falcon wings and enjoy the rain drops and listening to the BP podcasts.

Do a google search & type in Carleton Sheets scams & check that out !

That's into scam territory, ala Pinnacle Investment Partners.

Only way to protect yourself from craigslist scam artist is to have multiple quotes, ask for references, and go with someone in the middle of the ballpark.

These are the folks the rest of the real estate investor community can thank for the SAFE Act and Dodd-Frank, predatory operators went too far and everyone got hammered.It then goes to say that any honest, ethical and lawful real estate investor shouldn't have anything to do with the scam artists in the industry, they cause great harm to the public and in turn to the industry as a whole, They are not heroes of the industry as their gurus and coaches make them out to be or as they proclaim.

No good reason to.I have seen listings where sellers will consider "terms", they are on CL as well, but such are usually with investors and most are on the scamming side, so watch valuation carefully, financing does not add value to a property!

@ Financeexaminer, You shouldn't assume that there is some sort of scam going on because of the cash price / retail price.

QR Miller Just my opinion but this sounds like a scam of sorts.You're essentially being asked to buy more properties then you can realistically see, evaluate, and run numbers on by someone who should know better.If something sounds to good to be true, it usually is.

John Anderson This structure isn't meant to scam or defraud anyone.

First, a private lender is someone known to you, not someone who advertises "private money" they are hard money lenders.I suggest you not deal from the internet, too many scams out there.