It is a scam to get you all pumped up and excited and then pull out your credit card to buy there expensive seminars and training programs which are regurgitated info you can find for free from real life investors right here on BP.

How many times are elderly people victims of scams?

Coaching" - life coach, wealth coach, whatever - is one of the biggest scams going today.

It is littered with folks with little or no real estate training outside an overpriced one day seminar; those that don't disclose to both parties the risks of double-closings - or even that there will be a double closing; non-refundable "deposits" in addition to Earnest Money Deposits; absurd ARVs and comps; wild *** guesses for repair costs; offering MLS listed properties to unsuspecting newbies; etc, etc.  

I understand too that the gurus, their followers and coaches may not want their students to obtain a good BS Meter, especially if they are dishing out BS.Now, Michael has spoken highly of you, I've known Michael about 6 years on BP and I've not seen him approach anything unethically, crazy maybe being in the Republic of Cali, but not scamming anyone, so that's a big plus.A good coach has to be inspiring, a good friend of mine, General Allodial is an inspirational leader, but as instructors we have a fiduciary duty to teach what is lawful, completely lawful and ethical dealing in real estate.

The "gurus" - people selling a BS program to make money off of suckers - and others in the industry have made billions off of telling unsuspecting folks with no money, credit, or jobs in some cases, they could be rich in one deal with no money and no risk.

For sure there are pro's but to unleash a swarm of folks that really have no clue on these unsuspecting sellers is really a disservice to the industry as a whole and dangerous to the public..

No it's not nearly as easy as Jack Bosch and Mark make it out to be and it's not for everyone, but it's also not a scam. 

Thinking it was a scam...Tryong to explain to someone im closing on it first.

I feel like I would think it's a scam...