Beware of Real Estate Ripoffs

by | BiggerPockets.com

The ten biggest real estate ripoffs, according to Forbes Magazine are:

1. Equity Stripping
2. Hidden Loan Terms/Balloon Payments
3. Loan Flipping
4. Home Improvement Loans
5. Credit Insurance Packing
6. Mortgage Servicing Abuses
7. Signing Over Your Deed
8. Forged Deeds
9. Straw Buyers
10. Lease Options

While many of these are certainly scandalous, others like Lease Options are actually great opportunities, provided you are educated in what you’re doing. The key to not getting ripped off in anything is to always know what you are getting yourself into. Educate youself!

To see the full slideshow, go to: Attack Of The Real Estate Rip-Offs

About Author

Joshua Dorkin

Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. Today, BiggerPockets is the premier real estate investing website online with over one million members and reaching over 70 million people with the message of financial freedom through real estate investing. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Read more about Joshua’s story in 5280 and Inc.com.

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