Craigslist scam??

26 Replies

Hi everyone,

I recently joined BP and have been impressed by the amount of resources on here! We are just starting out in REI, and I have the extra time to learn more as I am only work part-time at the moment.

When searching for part-time jobs in my area, I came across a job posting on CL that sounds maybe too good to be true?  It states they're willing to train new-hires in investment acquisition strategies, while also paying them for the work that they do.  This may seem like an obvious scam, but I guess I want to believe that there are honest companies out there who just do a bad job of marketing/head hunting....?  Maybe I'm just being naive and overly optimistic...?

So, I emailed them just because I was curious, and I got a response that wasn't the typical "spammy, broken English" -- it seemed like there was a real person on other end. That said, I want to know if: 1) these kinds of companies/groups truly exist in REI, training and teaching people in investing while also paying them (and good money too) at the same time? And, if so, 2) Are they legitimate sources of income?

Here are snippets from the CL ad: 

"We provide a clear, focused path of wealth generation that gives you a firm grip to take motivated action to achieve your dreams using real estate and business ownership. Imagine diversifying your income, creating passive streams of money, and taking advantage of the strategies of the top 1% of America. Our organization has a proven track record of providing everyday people a way out of the "Rat Race" and on the correct course for a lifetime of financial stability. We provide simple, easy to understand training and mentoring to get you there!

Your Weekly Activities Will Include:
Working from home and setting your own hours (usually 10-20 hours/wk)
Setting simple appointments of interested candidates
Becoming educated on real estate acquisition and tax savings strategies
Creating offers and contacting potential buyers and sellers
Follow-up with clients via phone or email
Attend real estate workshops and network events
"

And from the follow-up email:

"Thanks for the info on your background and current investing situation. I'd like to schedule a phone interview with you to learn more about yourself and your goals while also sharing information on us as well. No pressure at all. If it sounds like a great fit, I can direct you to the next step in the process, and if not, it only cost us 20 minutes of our time. I look forward to showing you our wealth path, and all of the real estate investor resources we have at our disposal. Please let me know a time(s) that is convenient for you the next couple of days to have a brief conversation. Have a blessed day and I will look out for your reply."

Thanks all for any feedback, insight, help in this matter!!  I look forward to exploring BP's wealth of knowledge more!

In my experience, investors who want to train you i the ways of REI aren't really going to want you to work from home.

I mean, talking to them on the phone isn't the end of the world ... but just be wary.

Feel free to hear more from them, but just know that if it sounds too good to be true, there is a very high probability that it is.

There really isn't much to go on there. If I were to take an educated guess, it sounds like a company that is looking for people to do digital grunt work (ie, going through tax records to find properties, setting up mailings, paperwork, etc). They pay a small fee for you to do the work, and in turn you also get an education on how things are done/filed/sent out... etc.

To be honest, I don't think it would pay well, and I think you can learn more from the forums and podcasts here. Just my two cents...

@Jeremy Pace thanks! Will definitely be wary... Any questions you recommend me asking?

@Daniel I. thank you for your feedback!

@Jon Huber I appreciate your 2 cents, thank you!  I'll be sure to ask them about specific job duties and pay rate.  I agree that I'll learn more from the forums and podcasts here (and I'll be using BP as my primary "education source"), but reading on BP doesn't pay :P  So I figure, if I could learn something (if even a small amount of knowledge) while getting paid, it's worth looking into. Though that's all contingent on a decent pay rate. 

You need to ask about the hours, what you'll get paid, what a typical day will look like.

You also need to find some subtle way to make sure you don't have to pay anything ... because that is definitely a scam.

@Jessica Y.

  these are all the trigger phrases and words by professional marketers....

If your thinking this is some Real estate company that is going to hire you to do acquisitions they would no way put an add in Craig's list like this.

it may be the grunt work that OP said.. but that's easer done with e lane or O desk type people.

I suspect there is a good chance it will be the opposite  you will have to PAY them to have access to the life you deserve and if you want to get out of the rat race and spend more time with your kids and family etc etc.   These are all trigger phrases that have their roots in MLM...

However please do report back I am going to follow this thread and will be very interested to find out what the actual opportunity is.

Bottom line its too slick in my opinion

@Jessica Y.

@Ryan Dossey

I don't know about Y'all but when I hire someone... I put in an add that describes the position .. what minimum qualifications you should have .. and an e mail to scan and transmit your Resume' for review if interest we will call you in for a interview.

that's how I have gone about hiring folks..

@Jay Hinrichs Pretty much goes to the effect of buy our 20k course and you get to make half of the money you get from your signups. If  you don't buy the higher end course you get less. Till you've signed up several people. They swear it's not a MLM and get really passionate about their BBB rating, how their schooling is better then BP (they actually say that!), and how if you knew anything you wouldn't call it a MLM. From the preview I saw of the course work the stuff you get is pretty useless unless you get the "super awesome 20k package".  They use lots of manipulation to try to get signups. Like "Rich dad states the poor dad couldn't take an opportunity when he had it because he was stuck in a poor mindset. Do you want to stay poor?" While I'm sure there are people who make money with them I wouldn't feel right about it. 

Originally posted by :

They swear it's not a MLM and get really passionate about their BBB rating, how their schooling is better then BP (they actually say that!), and how if you knew anything you wouldn't call it a MLM. 

 Good rule of them -- if a company has to explain why it's NOT an MLM...it's an MLM...

This is generally a scam. They offer you the opportunity to become  real estate investor and they will simply sign you up for their course, have you practice a few things while all the time all they want is to take your money. Good way for them to get money to buy real estate that only they will own. 

"Seasoned real estate investor looking for apprentice"

" Become financially independent"

" Earn while you learn"

All hooks to get you in the door and then you will be asked to pay them. 

This is not how a real company operates.

Like they say the road to hell is paved with good intentions. They make you believe they have the best intentions for you but AT A PRICE.

It's the Renatus group. They won't tell you their name until the 2nd or 3rd exposure/webinar. I know because I worked with the group for a while. I bought the basic education. What a waste of money. It's a system designed to make a select few some money. But not you. Despite what they tell you. Run.

Originally posted by @Jessica Y. :

Here are snippets from the CL ad: 


Your Weekly Activities Will Include:
Working from home and setting your own hours (usually 10-20 hours/wk)
Setting simple appointments of interested candidates
Becoming educated on real estate acquisition and tax savings strategies
Creating offers and contacting potential buyers and sellers
Follow-up with clients via phone or email
Attend real estate workshops and network events
"

W/ the exception of becoming educated on real estate acquisition & tax saving strategies, plus attending real estate workshops & network events, the list of weekly activities are what we train & pay office staff & virtual assistants to do for us.  The good ones, in the US, will eventually take all they learn & go off on their own.  If I was you I'd take the call & listen to what they have to say.  If they ask for $ then stop the conversation.  Naturally don't provide any personal info.

My thoughts are this is just the online version of "Real Estate Investor Seeks Apprentice, 20k a month".

yeah, that is RENATUS, where you get to pay to be a part of a MLM system where the vast majority of those involved focus on MLM and not actually doing real estate. 

Seems to me, if you are real estate investor, you seek REAL ESTATE, not Apprentice types.

@Dave Pate  

Good on your for having the... Cajones to admit that. I hope anyone else who does research on the group stumbles upon this.  If I could vote for your post more times I would.

There is a reason in their pitch that they try to discredit this group. However you would think having things like the high ranking podcasts, thousands of members, people actually doing deals, etc. would be more appealing than a BBB rating.

@Jessica Y.

I think it's great to see you wanting to put action to work. You can only read BP so much, right?! 

A common theme I see around here lately is that everyone wants some sort of magic touch to find out about real estate investing. Rather than looking for people on craigslist with vague ads about becoming rich, you have to go out and find the right people. Find a large investment or property management company in your area, or even call a number off of a bandit sign, and tell these people you're aggressive and would like to work for them. Waiting to find work in the field is different than going out and getting the work. 

Just my two cents, but waiting for something to come to you is no way to wait.

Originally posted by @Jay Hinrichs :

@Ryan Dossey

  popped on Renatus site... your right I bet its them

I remember J Scott and some Chicago Renatus guys going toe to toe for a few hundred posts...

 That thread was a thing of beauty.  As thorough and methodical a take-down as I have ever seen on a forum.

Originally posted by @Richard C. :
Originally posted by @Jay Hinrichs:

@Ryan D.

  popped on Renatus site... your right I bet its them

I remember J Scott and some Chicago Renatus guys going toe to toe for a few hundred posts...

 That thread was a thing of beauty.  As thorough and methodical a take-down as I have ever seen on a forum.

 Agreed. I read the entire thing awhile back. I find it hilarious how people come out of the wood work to defend companies like them. They'll join a forum and have 2 posts and start running their mouths lol.

@Jessica Y.

  that's great please do up date and see if any of us were correct.

MLM = Multi Level Marketing... IE ACN   FIVE LINKS.. AMWAY  and hundreds of others.

its a pyramid process. those 3 to 10 folks at the top make a fortune.. the base which is all those that come and go.. make little to nothing and actually have to spend money.. some make it half and finally give up... They have a very tight knit way of having the sponsor above the next guy get on the phone with you etc etc..

However bottom line is they start all their presentations just like a RE guru seminar.

Big picture of the speaker and his family and little munchkins.. and how he is doing this so he can spend time with his family and munchkins .. they go on ad naseum with pulling your heartstrings.

Do the interview but DON'T give out any personal information.

You don't know them and they don't know you.

After you find out the name of the entity, google it and see what comes up.