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Question by celebrity1981: Is this “Bird Dog Real Estate Investor” a scam?
I have soso credit, I want a house too. I figure “Rent to Own” would help me out. On Craigslist.org, I found an advertisement about “Rent to Own” in my area. Larry Harris, the Wholesaler/ Investor texted me a listing of homes, I picked one and he gave me a tour of the house inside and out. The house has potential. He told me it’ll take 2 months to fix, my rent could be 650 monthly but I have to put down K first. I know alot of businesses that are legit and ask for money down first but is that how it works. Is he suppose to licensed for this kind of thing? After talking to my cousin who’s an IRS employee, she thinks he’s a fake, she said according to her research, he’s not licensed. Larrt told me he (they) are investors not agents. Investors aren’t licensed agents, the construction lender requires verification of this prior to he & I closing on aquisition…. whatever that means! I really want this house but I worked DAMN hard to save up that kind of money. I’m a 27yr. old single mother to a fatherless 6yr. old boy and I’m trying to move and do the right thing for my son, and that’s having a house, like I always dreamed of.

Before I had a business license to do what I do, I was legit, so I’m trying not to be harsh. I know Craigslist.org has a reputation but I’m really hoping that it doesn’t spoil everything. There are many innocent people looking to do, sell, buy, search for things on Craigslist.org, even I posted things on that website and I’m no scam-artist!

This is Larry Harris: http://www.gobignetwork.com/profiles/Larry-Harris3.aspx

Best answer:

Answer by joscasta
Trust me, its a scam. If its not available for you to take right away, then run away.. run far far away. Trust me, these rent to own sounds good, but you are better off by seeing if you qualify for an FHA loan, to buy a house with. Honestly, he is trying to get your money. Why is he listing/showing it when it its not rentable/showable quality? That is the first thing you look for.

Keep hunting somewhere else.

Know better? Leave your own answer in the comments!

I just want any advice on this. I am looking to try to sell my house in the next year or so. I know its not a sellers time right now.