I’m the last person who should complain about grammar, but these are yellow flags, at best.

Attend in person, bid, if you win you have to pay right then via a cashiers check.

Quote from @John Friendas Quote from @Patrick Roberts: If you are on the note or personally guarantee the debt, then it will affect the liability side of DTI, regardless of whether the lender reports the loan on your personal credit.

Quote from @Jeff Sanders: Personally coming from an agent/investor in CA, I always get a quote from a broker of mine and make sure I am knowledgeable with the fees/costs.

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

Personally I'm against these types of programs, especially 5-figure ones.

They actually have a licensed person in California.

Could it be considered piercing the corporate veil if the mortgage for the property is in your personal name but the deed is in the name of the LLC? 

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.

I've know him personally for years, had the opportunity to consult with him on both sides of the business and have to say he's the real deal.