Just read a story on here on BP about a licensed agent with little experience, who wired their property funds out of the country to a scammer because they thought they were wiring it to the title company, something an experienced agent deals with all the time these scams as they are common.  

https://www.zerohedge.com/economics/property-tax-assessment-nationwide-rico-scam

Any thoughts on this?

This also eliminates a lot of risk by increasing your margin (ie Cash flow).Also, I can spot a scam in less than a minute in most cases, just by what they say.

Either with flat out scams, or with mediocre deals.

http://www.biggerpockets.com/forums/79/topics/32881-scam-words-

Regardless, kudos @Allan Smith for putting the link up so that anyone new to BiggerPockets can see a scam coming and not buy into an illegitimate company because of the illegitimate reviews.But, maybe I'm wrong, maybe it's all a big coincidence.  

hello iam new to biggerpockets n I am trying to start out flipping houses I am unemployed n I need to make some money but I also don't want to make a big mistake n mess myself up so I am asking what the first thing to do to get started then what after that I am single mom n its only me that's doing this with no help n really want to do this but don't know anything n what to do I have try so many different things n they all been scams.

The vast majority have no to very little real-life use/value, other than niche/"recreational"/neighbors/holding/etc With a little experience you may be able to pretty well guess which of the initially promising parcels might actually make it to auction - they will have a complicated title report/history, signs of complex liens or county issues, or owners who are truly hard or impossible to track down.Bid for assets has developed a nice little "scam" - for lack of a better term- where they require the deposit (and charge their ~$35 fee) well in advance of the last day owners have to pay off back taxes.

It is also surprising that so many people will fall for this kind of scam.

Not sure why,  but probably they desire the privacy and if they are going to the trouble of trying to scam an owner they might as well do it with a house instead of an apartment,  and finally its more likely to find an inexperienced LL to take advantage of in that space I think.