You will find many scams and con artists out there as well some day.Chalk this experience as a success.

Hey BP Nation - specially those based in Chicago:I am putting together a "Real Estate Investing Joint Venture School".It's my anti-dote to the guru "education".

This is our anti-dote to the gurus as this Real Estate Investing Joint Venture School is totally FREE, there's no sales pitch and there's NO B.S.! 

I've done some reading about it, though, and see that many of these ads are scams  -such as wholesalers offering properties that aren't really available simply to generate lists of potential buyers to whom to sell to in the future or to simply sell the lists.

In doing so so, however, they will be subject to the anti-­‐fraud provisions of the federal securities laws, which prohibit misleading statements.

He could be anything from a legit investor to a scam artist to a clueless investor who may lose your money accidentally.

If you can't find him, then it is a scam.

I ran into a similar scam last summer here in Dallas.

Your only real defense in any business from getting scammed is an education and experience.

We will sell our CA triplex before we move so that we are no longer exposed to the anti-business climate here, but plan to keep rentals in both AZ and CO, and are still considering investing in other landlord-friendly states as well.