If you're investing in real estate, you should never allow yourself to get pushed into hasty decisions. Details should always be provided in writing, leaving a trail of information about financials even if you're working with someone that you know. Red flags should go up in a seller does not want to give you time to look over the information. If they try to push the idea that it is very limited and that the decision must be made immediately, it may be best to be wary of these transactions.
Don't just take the seller's word. Check their track record. Investment professionals will have a license and you can often find them through the BBB. Always receive written details on where the money will be going.
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