All Forum Posts by: Vinay H.

@Connor Mckelvey Sorry to say but it is not the bank that is dropping the ball. You are the one who ahould have made sure the downpayment money was in the account eg not paying taxes. Ironically I am in the same situation regarding a loan. Keep us updated and so will I. Meeting with loan officer tomorrow. Wish us luck:)

@Frank Patalano My spouse and friends think I am crazy and the market will turn down soon and crush any and all real estate investment

@Melanie Kent I will fund the deal. DM me.

@Ben Gabin 100k equity on 135k purchase price for 6 units. I will do the the deal. Dm me. Will pay cash and your wholesale fee.

Exactly what tax breaks do US residents get for investing in Real Estate that Non-residents don't get?

Depends on how much money we are talking about. People are only thinking about investing personally...

Possible via Corporation and commercial lending ....

Easiest is JV [Joint venture] with someone local -

@Scott V.Purchase and fix with HML at 11% and refi - in 6 months at conventional rates

I must add the following:

I notice that flip funding is a little easier to obtain. I have been prequalified with 20% down. Last year, nobody wanted to entertain fix and flip loan for me due to 0 flip experience...

So I would say now is time to get into fix-flip or BRRR....

You are rich when you can change another person's life.

You are rich when you can actually give money away to charities etc

You are rich when people, politicians  and organizations actually approach you to make donations and you are solicited as a commencement speaker.

You are rich when you can influence society around you.

Every other asset or income bracket is a personal goal which varies. The Farmer in a third world country with 1 acre and 3 oxen can feel rich since that allows him to sustain his lifestyle. Someone who is retired in Costa Rica can feel rich with 2k monthly draw down of retirement assets.

Hi @Ann Bellamy

I missed this event and I am now looking at a project with wetlands on it. Do you have Scott's contacts?