Beware of Real Estate Ripoffs

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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 (@jrdorkin, Google+) founded when he saw a need for free, trustworthy information about real estate investing online. Over the past 12 years, Josh has grown the site from self-funded hobby to full-time job and passion. Today, BiggerPockets brings together over 850,000 members, housing the world’s largest library of real estate content, iTunes’ #1 real estate podcast, and an array of analysis tools, all geared toward helping users succeed.

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