I give up...t this point I'm just hoping the Anti-Speculation Tax doesn't come to fruition.

My background in real estate is just gaining bits and pieces of knowledge on real estate investing and going in debt to a few scams doing so, but that brought me to where I am now in my understanding of different areas of real estate investing so i'm ok with that.

I'll seen lots of those signs with the phone number cut out and a sticker placed on top stating 'SCAM'.

There are plenty of folks on the forums who are anti-turnkey, but you also want to evaluate it from several positions:1) You have a W2 job and don't plan to quit it to do full time real estate.2) You have no connections whatsoever in a marketplace that you like.3) You want to avoid the cost and time overhead of linking all the pieces together.Well oiled turnkey operations do make their money up front.

In NY we don't have a "standard commission",  and they are pretty big about not claiming there is one for anti trust reasons. 2.

I don't want to get this process wrong, be scammed, or lose out because I did something wrong.After we talked, he texted me and said we can meet tomorrow (today) and get the contract signed and he needs $1500 earnest money deposit (EMD). 

its an anti wholesaler initiative  in a way we already did that in CA OR and WA there are strict laws dealing with any homeowner that is in default for example.. this is why you have to send out thousands of letters to get one or two deals if your lucky the public gets the same letter 7 times in a week even the public is not dumb .. you create a message of scarcity..  

If it is just an ESA or a scam animal, then they have no leg to stand on.And as far as ABNB requiring a 'warning'.......I'd say F them.

The biggest red flag is listings that do not have reviews, because part of the scam is that people never stay there (hence no reviews).  

thanks REI for the reply, its funny because i actually talked to this person today and i told him that there are five large investment clubs through out the state of new jersey making up hundreds if not thousands of investors, and i told him that alot of them wholesale well assign to each other contracts & agreement and etc (and at my investment club there are people from all professions surrounding real estate, lawyers, accountants, mortgage brokers, agents and etc that are also investors)and then my frinend tells me that they are all doing illegal stuff, and if they know about it they're all scam artist and then NJ real estate comission will catch them ((SO I TOLD HIM THAT ALL OF THESE VERY SKILLED KNOWLEDGEABLE PEOPLE CAN'T ALL BE OPENLY DOING ILLEGAL STUFF THAT CAN GET THEM FINED OR PUT IN JAIL)) well anyway my friend is 25yrs old and has been a real estate agent for pass 2.5yrs now and has a rep for thinking he knows it all, he even told me he spoke with a "real" investor he puts it that he is currently working with, and he says even this investor agreed with him which i think either the investor doesn't know about wholesaling/assigning of contracts (which i don't believe) or either this investor agreed with him so my friend wouldn't start wholesaling himself and taking deals from him lolso i guess you're right, never take legal advice from a license RE agent, especially not a veteran agent anyway, and i guess robert kiyosaki was also right when he said never surround yourself with people who tell you you can't do something, but surround yourself with people who can tell how to do something but give you the consequences for both actions