All Forum Posts by: John Clark
John Clark has started 5 posts and replied 1497 times.
Post: Solution for not being able to pay mortgage and very low selling price.
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This needs to be made a sticky as to WHY YOU DO NOT INVEST OUT OF STATE!!!!!!!!!!!!!!!!!!!
HYPER local. Got that folks?!?!?
H-Y-P-E-R---L-O-C-A-L
Post: Tenants not leaving
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Quote from @Robert Davis:
Looking for some advice here:
I gave my tenants a 6 months heads up that the lease would not be renewed as we are going to renovate the unit. I provided a notice to quit 60 days ahead of the end date. The tenant just told me days before the end of lease (May 31) that they do not have the money for the new place and will not be out on the planned date. Would greatly appreciate some insight/ recommendations on how to handle this situation in the most effective way.
Thank you
Post: Help, can't find anybody to qualify for this rental.
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Do an internet search and get a rough idea of what the income and family profiles are for your immediate neighborhood.
Do an internet search and get a rough idea of how big the rental market is in your immediate neighborhood.
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Do an internet search and see what other landlords are advertising as criteria in your immediate neighborhood.
Do not compromise on the credit score and income levels you need to make it work.
Post: Buying Using Subject To vs Using A Bank - How Do They Compare - Actual Deal
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You say “can be little $ down,” but you don’t mention how much you’re paying the original owner to take out his equity. At least I didn’t see it.
Post: California: Roommate disappeared mid-lease — what’s the clean, simple way to handle
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Check your lawyer, but see if you can evict that one tenant on the grounds of abandonment. That gives both you and the remaining tenants a clear cut date/decision and allows you to not have to worry about him trying to come back, protecting both you and the current tenants. THEN they can see about bringing someone new in.
Post: "Falsified Bank Documents And Property Records" Criminal Investigation For Loan Fraud
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- Votes 1,225
Quote from @Ken M.:
Quote from @Steve K.:
Quote from @Ken M.:
Quote from @Steve K.:
Quote from @Ken M.:
Quote from @Steve K.:
Quote from @Ken M.:
Quote from @Steve K.:
Quote from @Ken M.:
Quote from @Steve K.:
Considering how Trump was found guilty of fraud several times himself, he should be fired as well using his own logic in this situation.
No charges were "overturned". Trump was convicted in NY state supreme court on 34 counts of falsifying business records to conceal a hush payment to adult film star Stormy Daniels ahead of the 2016 election in exchange for her silence about an alleged sexual encounter. This conviction made Trump the first president to also be a convicted felon. He was sentenced a few days before being sworn in for his second term, receiving an "unconditional discharge". This means he will not face fines, prison or financial penalties, but the conviction remains on his record. The judge in the case at the time explained that was the only lawful sentence that didn't encroach on the office of the president. So he is still a convicted felon, he just got a very light sentence.
There were several other ongoing cases, both civil and criminal, against Trump ahead of last year's election, this was the only criminal case to go to trial.
His business was also found guilty of fraud in the Letitia Jame's suit about providing one set of financial statements to lenders in order to get better loan terms, and a different set to the IRS in order to pay less taxes, and also exaggerating his wealth for decades, etc. This case was appealed this spring and the $500M fine was found to be excessive and was overturned, but the appeals court upheld the lower court's ruling that Trump and his associates committed fraud by inflating asset values to mislead lenders and insurers.
Then there was Trump University that was found to be liable for fraud and forced to shut down.
There was also "We Build the Wall" which raised money from Trump supporters to build a wall on the southern border that was found to be fraudulent (his sidekick Steve Bannon was sent to jail for 5 years over this but Trump pardoned him).
And in December 2024, a federal appeals court upheld a jury's finding that Trump sexually abused writer E. Jean Carroll in the mid-1990s and later defamed her, affirming a $5 million judgment against him. The appeals court declined in June to reconsider.
Then there were his casinos that went bankrupt and how he burned a lot of his business partners and contractors that never got paid, the list goes on and on if you look into his shady past.
This is the guy now acting as the ethics police? He's been a career criminal for decades.
If Cook should lose her job for simply being accused of mortgage fraud, then Trump should definitely lose his job in the government for not only being implicated but actually being convicted of financial crimes. Otherwise it's peak hypocrisy on his end. I'm not saying she shouldn't get fired if the accusations are true by the way, but she hasn't been charged with anything or had a trial and been convicted like he has.
Hmm, you have very interesting delusions. But, I'm told Trump Delusional Syndrome does that to people. You should see someone for that disorder. ;-)
Here's what is actually happening:
Total number of cases currently tracked: 384.
Case Status Summary
Case Closed in Favor of Plaintiff: 0
Blocked: 25
Temporarily Blocked: 77
Blocked Pending Appeal: 18
Temporarily Blocked in Part; Temporary Block Denied in Part: 10
Temporary Block Denied: 39
Not Blocked Pending Appeal: 36
Awaiting Court Ruling: 148
Case Closed: 22
Misc: Transferred: 2
Case Closed/Dismissed in Favor of Government: 7
https://www.globallawtoday.com/law/legal-news/2025/06/select...
We can discuss it when he sits in jail. Lol
I'm here to tell you, jurors can be biased. If you are ever in an antagonistic situation/state, demand a bench trial by a judge, not a jury. As you probably already know, the smart, fair potential jurors find a way out of the case and never serve. They don't need the $12 a day they get paid.
I hate to get personal about "Trump sexually abused writer E. Jean Carroll" but with his billions, he could do better? Puhlease. That didn't happen.
E. Jean Carroll was actually crowned Miss Indiana University and won Miss Cheerleader USA, so she must have been a real looker back in the day. But I think guys like Trump sexually assault women for conquest/ the power trip more than looks anyway. It wasn't just her though, 27 other women also accused him: https://en.wikipedia.org/wiki/Donald_Trump_sexual_misconduct...
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So, let's see, someone accuses a billionaire of something, in hopes he will pay money to keep her quiet (extortion) and even though she can't prove it, he denies it, he's the one to blame?
Interesting.
Hmmm, he's President and successful, and was there. You're not, you're not, and you weren't there! Jealousy?- who do we believe.?
I'd leave it alone and stop looking so petty, but that's me.
Take your pick world, Someone that has "done it" - "been successful" or a wanna be that's jealous?
Done with this one. Subject is immaterial and unprovable.
You don't have to believe E. Jean Carrol or any of the several dozen women who have accused him if you don't want to. Did you listen to Howard Stern back when Trump was on the show all the time? I remember him on there talking about cheating on his wife Ivana because he didn't like her accent, about how he only likes women under 30, discussing his own teenage daughter's rear end and how nice it is, saying she's always been very voluptuous and agreeing with Howard that she's "a nice piece of a**", having threesomes, and having lewd conversations with Bill Clinton when they played golf together (remember he was a big supporter of the Clintons and a Democrat for much of his life). Then of course there was the Access Hollywood tapes where he brags about sexually assaulting women. You don't have to believe the women, just listen to his own words and if you don't find him super creepy then we'll just have to agree to disagree.
If you have anything from 2016 forward, I'd certainly be open to hearing it. I believe in redemption, people change and as far as when I became aware of him, I'd look at 2016.
I'm not much of a TV fan and the last TV we had was about "Mork & MIndy" time, what's that about 1980 -1982? Anyway, nano nano
Quote from @Victoria Spagnolo:
Hi BP fam!
My name is Victoria Spagnolo. I am an attorney in New York but looking to eventually transition to real estate full time! I currently am house-hacking my primary residence with my partner (we closed back in June). We get $2200 for the unit upstairs which helps us immensely in paying the mortgage. We also just bought our first out-of-state property in PA, using a DSCR loan, and rent it out to students. The property has the potential to cash flow almost double the mortgage payment.
I am extremely motivated to buy a third property and looking into seller-financing and private lending, but as I am new to all this, I always have so many questions. I'm interested in connecting with experienced or even new investors from whom I can learn from and share knowledge, but I imagine there arent many investors out there looking for mentee just because. How do I go about looking for a mentor? I don't want the relationship to be completely one-sided, but as a new investor, I only have so much knowledge and experience to offer.
I have been to a few BP meet ups in my area and am planning to go to the next one soon. What advice do you all have for connecting with other investors and finding a mentor?
Thanks in advance!
Network, but NEVER pay for a mentor.
Post: US housing market grinds through a 'cruel summer' that is bad news for everyone
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- Votes 1,225
Quote from @Ken M.:
Quote from @Alan F.:
Quote from @Ken M.:
https://www.dailymail.co.uk/real-estate/article-15036691/US-...
'It's the Anna Karenina housing market: Everyone is unhappy, but each in their own way,' said Realtor.com senior economist Jake Krimmel.
In other words, buyers, sellers, and builders each face unique challenges, yet the result is widespread dissatisfaction across the market.
As a result, the market is in stasis and 'grinding through a cruel summer,' Kimmel said.
'Buyers face steep affordability barriers. Sellers are losing market power but are futilely resisting. And builders are now pulling back even as the nation remains short of four million homes. And regional markets are dysfunctional in their own unique ways.'
The national median list price remains near $440,000, which is relatively unchanged since 2022, according to Realtor.com.
Compared to 2019, today's buyers are paying over $1,200 more per month for the average home, with costs rising due to both price growth and higher interest rates.
Across the US in June, for every 100 new listings, 21 were removed without a sale.
In the South and West, supply is massively outpacing demand, leading to slower sales and price drops.
Meanwhile, in the Northeast and Midwest, the situation is almost the exact opposite. Inventories are low and demand is high, which is keeping prices up.
Deja vu....look at the drop in transactions between 1978 to 1982 (NRA graph) it took until 1995 to equal '78 volume.
That's actually a very interesting observation. I'm trying to think of what was going on in '78. Vietnam war was over, the oil embargo dissipated, oh yes, the Jimmy Carter years. What a waste. But, what did he do that caused that drop?
"Carter faced a mounting series of domestic economic problems, including increases in gasoline prices, rising inflation, and rising unemployment. Carter responded to the Soviet invasion by embargoing grain sales, banning technology exports, and prohibiting U.S. participation in the upcoming 1980 Moscow Summer Olympics. He also used his January 1980 State of the Union address to issue a warning that if outside forces interfered in the Persian Gulf, the United States would respond, reserving the right to use military force. This harder stance could not overcome public disillusionment with the Carter administration, made worse by the administration’s inability to secure the release of the hostages"
Hmmm, ah yes, uncontrolled inflation and discontent. Not what we have now, but I think maybe overly inflated housing prices as a ratio to incomes, soon to burst.
Between inflation and interest rates housing didn’t stand a chance.
Things got worse under Volker at the Fed but it was necessary to break the fever.
Look for much of the same with Trump leaning on the Fed and running deficits like no tomorrow.
Post: "Falsified Bank Documents And Property Records" Criminal Investigation For Loan Fraud
- Posts 1,530
- Votes 1,225
Quote from @Jay Hurst:
https://www.cbsnews.com/texas/news/ken-angela-paxton-mortgag...
Local News Report: Texas AG Ken Paxton claimed three homes as primary residence
Updated on: July 24, 2025 / 9:08 PM CDT / AP
Texas Attorney General Ken Paxton and his wife, state Sen. Angela Paxton, are longtime owners of a $1.5 million house in a gated community in McKinney. In 2015, they snapped up a second home in Austin. Then another.
The problem: Mortgages signed by the Paxtons contained inaccurate statements declaring that each of those three houses was their primary residence, enabling the now-estranged couple to improperly lock in low interest rates, according to an Associated Press review of public records. The lower rates will save the Paxtons tens of thousands of dollars in payments over the life of the loan, legal experts say.
The records also revealed that the Paxtons collected an improper homestead tax break on two of those homes at the same time.
So if criminal charges are brought and Paxton can get 12 Mormons on the jury. . . .
Quote from @Brian Detlefsen:
A few months ago, I had a vacancy and posted the apartment on Zillow. Many people applied, and I offered it to a woman that just met the minimum requirements. A week before move in, she texted me saying that she changed her mind and would not be taking the apartment. So, I offered it to the next person in line. After the 2nd person accepted, she called me back and changed her mind again and would like to take the apartment. I told her it is too late, someone else took it. Good luck in your search.
Now, I have another apartment that is vacant and posted it on Zillow. This same woman has been emailing, calling, and texting me every day, asking about the apartment. I am hesitant to rent to her as she seems very wishy washy and a high maintenance type of person. How do I handle this situation?
Say "No." Do not give a reason. Block her number. Move on.
IF official complaints are made, explain your story to the authorities, not her, tell them that she cause you extra expense and disrupted your operations, so you will not rent to her. You were lucky that your next-in-line was still open, and that may not be the case next time. You are not going to take the risk.