1 September 2024 | 4 replies
Deed fraud and mortgage fraud - be carefulWe just got some mortgages that were non performing that were part of this mess - was not something I wanted to get involved inhttps://www.justice.gov/usao-wdok/pr/former-president-first-mortgage-company-sentenced-serve-104-months-federal-prison-and
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7 September 2024 | 36 replies
Off to prison.
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31 August 2024 | 22 replies
That sounds like a prison sentence, not a financial freedom plan.
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31 August 2024 | 14 replies
You’ll want to do more than look at nightly rates, your most critical metric is actually occupancy rate, which the pay-for dashboards like AirDNA notoriously misrepresent.
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28 August 2024 | 5 replies
Note that some towns in Mass have notoriously stringent building rules while others may be more lax… your mileage may vary!
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27 August 2024 | 21 replies
The principals got 12 to 20 year prison sentences for wire fraud.
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22 August 2024 | 13 replies
prison's are full of those that did loan fraud during the GFC and even today.. this is something you want to be careful about.. silent seconds and all this stuff..
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20 August 2024 | 8 replies
Mortgage under about $75k-$80k are notoriously hard to get.
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21 August 2024 | 94 replies
Eventually she will go to prison!
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20 August 2024 | 45 replies
On the flip side given how sub to has been mass marketed through the guru / trainer folks you are going to have a lot of the buyers who are NOT properly capitalized who dont understand how to do these correctly or are just plain crooks and when things dont work out they walk or even worse realize they can just rip rents and not pay on the mortgage this was very common back in the mid 2000s I got a few interviews with the FBI chasing down folks that did this 20 30 50 times they were criminal enterprises and they ended up in prison..