All Forum Posts by: Nicholas Misch

I agree that the rule is pretty absurd.  But there are plenty of syndication offerings out there that allow for unaccredited investors as well.

 Hi, you mean your cash on cash after refi right ? I would find it hard to believe you are getting 15- 18% NET caps on all cash purchases. But then again I see your from there, so maybe you are just like I am :)  All mine are not less then 20% net caps. 

@Nicholas Misch, In principle I agree with you. However someone who buys a $100k car in cash almost certainly can buy these investments. So, a $30k car is a more appropriate example.

Also, lets be fair. These aren't products with "the best terms". They are products with the higher risk with more potential reward AND where the minimum investment is substantial for someone of modest means.

Before the regulations go away we need to do away with social welfare programs in my opinion. Then people can start to be responsible for themselves more. 

Sounds like you can still get this place for under market value. If I were you I'd try to wholesale it.

Morning, I have a seller that wants more for a property that I am willing to pay, the house is paid off and what to see what other options I may have to turn this profitable.

1-buy it on terms/seller financing...what would this look like?

2-give the referral to a real estate agent that can list it...what kind of referral/finders fee should I get? 

Maybe I didn't explain myself well enough. The ARV did not come in, so I asked the sellers to come down $50k in price. They were considering it. The seller and their agent called the appraiser and he gave them the details, costing me potentially $50k in price I might have not had to pay. That is the frustrating part. There is no deceit here or intent to fraud. I did not want to pay $50k more out of pocket to make the deal work. Whether I could get out of the contract or not at this juncture is not the point. The fact that the appraiser gave them the details, that lost all of my leverage and ability to negotiate with the seller. I also believe they would have taken $5k to walk away, but once they knew the appraised value, their tone quickly changed. Is there not a confidentiality responsibility from the appraiser? According to USPAP, there is.

It does seem to be a it-takes-money-to-make-money / haves-and-have-nots reinforcing cards-stacked-against kind of thing.

One public policy reason is the pernicious historical prejudice of literacy tests for voting rights. It's a very imperfect alternative, with the objective of consumer protection.