. - HOWEVER watch out for scams such as the nigerian check scam or people trying to pay you rent without even seeing the place. 

This has "scam" written all over it.You asked for questions that you should ask them. 

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

Collecting supplemental passive income from rentals now is part-time while he is working;Wholesaling and fix-and-flipping is very time consuming, so I can see why it would make sense to want to start renting out properties before being able to devote the time it takes to be a full-time investor.Where it seems slightly "backwards" is that the money to buy the rentals can usually come from assigning contracts and the profits from flips...

$12 bucks for a beer dang I can get 25 cents a beer at the local bar lol.Seriously though Will we live in a society of greedy cheating dishonest idiots who don't give a crap about anyone but themselves I mean look at all of the ponzi scams being brought out in the open now.I rather make a living doing the right honest way than screw someone just for a quick buck.Honesty is the best policy.

By actually having the funds pass through escrow they are trying to cut down on scams.

Because they are happy scamming their bank b/c of a loophole and their living for free!

In exchange, buy them coffee and ask as many questions as you can.By volunteering, you won't be working for money and you'll actually get the chance to learn and by sitting with them, you'll tap a large source of knowledge.As for reading through books, there are tons of scams.

@Josh Taylor if the approaches you about borrowing money via private message, it’s a scam

Curious to hear your comments-is this a scam or legit?