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7 May 2018 | 29 replies
Although I know investors are flipping properties the subject house I mentioned above has a flip on the same street which is where I’m getting a lot of my numbers from as the houses are near identical.
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24 April 2018 | 4 replies
He has four identical townhouses in the downtown district that he has been AirBNBing out himself very successfully for the last 5 years.
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23 April 2018 | 8 replies
I believe the original owner perjured themselves, bank fraud.
5 May 2018 | 4 replies
It is fraud to purchase a home with your VA loan that you do not intend to live in.
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24 April 2018 | 19 replies
I finally found my client a hidden gem: A 1150sqft 3/2 block home listed for $79k in an area with nearly identical $155-165k comps.
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1 May 2018 | 16 replies
@Prakash Bhatta The two most common ways people steal electricity are: 1) by tampering with the electrical panel and bypassing the meter 2) or by fraudulently establishing service in someone else's name (i.e. identity theft) and then not paying the bill and just running it up until the service is shut off due to non-payment.
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27 April 2018 | 134 replies
He is pretty "famous" last year, he committed insurance fraud by sinking his own commercial boat.
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23 April 2018 | 2 replies
Really just looking to make sure that only putting her name on the mortgage isn't fraud in any way.
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30 March 2019 | 8 replies
There are already statutes and regulations regarding fraud and deception in real estate transactions.Educating people who want to be educated is fine, but if a governing body restricts the pool of ready and willing buyers, more properties will go to foreclosure and sit on the market longer.Real estate investors perform a vital function in every jurisdiction: putting properties back on the market, in good condition.Many of the properties they buy could never pass conventional lender's inspection because they typically require tens of thousands of dollars in repairs that most homeowners do not have or cannot do themselves.Additionally, many real estate investors near metropolitan centers can access almost an unlimited pool of funding to buy and remodel properties if the numbers work.From contract to close, the time can be in as little as 3-4 business days.The delay is mostly waiting on title companies.So when flippers mail letters and post cards to owners saying they can "close quick" and "all cash", that is a fact, not fraud.Of course, realtors will recommend you list your property – that's how they make money – so they are self-interested, which makes the report biased.Maybe next time you can have a "flipper" on you show for balanced reporting.The idea of anyone feeling "pressured" by getting a post card or flyer is ludicrous.If the homeowner doesn't want to sell, the solution is to throw them away.But the idea of "there ought to be a law" is equally ludicrous.If there are bad actors committing fraud, the answer is to enforce the laws already on the books.Out of all the properties posted for sale every 1st Tuesday of the month at the trustee's sale, a very large percentage never make it because they are bought by the very flippers you disparaged.If not for the real estate investing community, cities around the country would look much, much worse.My biggest complaint with your report is that you completely failed to get the rest of the story.Your editor needs address this."
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30 April 2018 | 7 replies
You’ll find these have identical layouts, making it very easy to renovate, easy for maintenance, and the basement can become storage and laundry for extra income.