If you do your diligence you can avoid the scams.

@Steve Rozenberg I think the answer is: it depends... how much money you have to invest, what's your expertise in, what's your risk level (most of it comes down to risk vs reward), how much time can you devote to the investing business, who are your partners, at what point you enter the market, are you generating active or passive income, etc...You need to provide about your specific case to get a more specific response.

I don't currently have an accountant; I have been a devoted Turbo Tax user for over 15 yrs.

Here's some information on the CPI scandal http://humanevents.com/2008/01/25/the-center-for-public-integrity-and-a-media-scam/.

At that point, we'll have a better idea of what to hold and what to flip and how where we want to devote our resources.

I have no problem giving my advice and though they SEEM to be nice people in need of guidance I DO have a GUT feeling that this COULD be some type of Scam My Personal feelings : Do I need the deal ?

Work after being scammed by a contractor (following all the due diligence steps i could have) was about 90k.This property cash flows a lot right now with just the 3 of 4 tenants.

Fewer scams and higher quality tenants.(2) Craigslist -- Most traction in C class neighborhoods.

In addition to building my business, I am looking forward to using my success to allow me more time to devote to various charities I care deeply about.I was fortunate enough to have found BP while looking for quality REI information.

Hi Joshua, My name is Roy Assaf and I'm a new investor based in New York City.I'm actually a jazz musician and together with my partner (who is a jazz musician as well) we have been seriously devoting our time and mind over the past few months into real estate.I've been listening to your podcast every day and it's absolutely amazing!