These are all legitimate business expenses but I'm unsure as to whether or not this would go on my schedule C expenses or if I would have to file a 1065 corporate tax return.

- She said 75kShe doesn't owe anything on it and according to her no title issuesI got a ballpark figure of the value from the tax office of 36kHere's the issue, the house is about an hour away in a city I am unfamiliar with.does this sound like a legitimate lead?

A high failure rate doesn't necessarily mean the information isn't legitimate - it might just be a challenging business.Maybe a good follow up question would be: Is it fair to lump all Gurus into the "dishonest", "scam", "swindling" category?

I can't imagine a scenario where I'd be reluctant to let a legitimate buyer talk to my tenants prior to closing.Mike

To address this there is a legitimate asset protection strategy called "Equity Stripping."

How can you not doubt the appraisal when they don't even bother to make it look legitimate.

At the end of the day Fannie will consider any legitimate offers, there is no need to overextend.

, I don't get it.I simply suggested he try to get a longer-term private/HM loan, to enable him to hold the property for 12 mths to get the necessary seasoning that these bank/FHA underwriters like to see.Is that clear?

I was thinking about setting a cash price but offering a note closer to market price so there is a legitimate discount to the note buyer.

By the way, most land trust deals are perfectly legitimate, but my personal internal reminder is.......not all land trusts are scams, but most scammers use land trusts!