Here’s the clip from my piece and appearance on CNBC’s On The Money on Friday night. I attended a Robert Allen Institute get rich in real estate seminar, interviewed some attendees, and gave tips on what to watch out for in “money-making opportunity” scams. Here are some red flags to beware:
- Promises of fast and easy money
- The person who brings you in gets a cut of your profits, and then you get a cut off new people you bring into the system
- Requires large upfront fees before you really understand what’s going on
As one interviewee told me, anyone who’s got a killer investing strategy is out there doing it, they’re not giving free seminars about it. Watch the video, inside…
