@Kristopher S.I believe the issue at hand is people using a loan for a purportedly personal use with the intention of it being for an investment.

At the same time, it can lead you to build a perception of someone who might have posted habitually during those college days but hasn't used social media in recent years.I think reaching out via social media to find tenant leads is one thing, but using it as a method of screening, while it can have some benefits, can be misleading/can lead to incorrect info vetting; with social media profiles who's to say whether an account is run by the individual that the page purports to belong to?

I'm sure you were just using the term loosely Holly, and you meant it in general that you are able to 'shelter' the income you make from the properties through depreciation, etc.Of recent, syndication of conservation easement transactions that purport to give investors the opportunity to obtain charitable contribution deductions in amounts that significantly exceed the amount invested, are considered tax shelters.Great points, just wanted to clarify that one.

A detailed resource on Due on Sale you might want to read is: the-truth-about-getting-around-due-on-sale-clausesAlso, these threads might be worth reading:386043-bank-called-my-due-on-sale-clause183825-due-on-sale-clause-was-called-by-bank232247-due-on-sale-clauseThen, if you choose to proceed, at least you'll know what you getting into.And be careful if choosing to use a Quit Claim Deed:A person receiving a purported real estate interest via a quitclaim deed may receive no legal right to the property whatsoever.

@Kyle Howard - Be careful when choosing to use a Quit Claim Deed:A person receiving a purported real estate interest via a quitclaim deed may receive no legal right to the property whatsoever.

Are they telling the CC companies that they are acting on their clients’ behalf in a professional capacity, or are they purporting to be the applicant themselves?

At the same time, it can lead you to build a perception of someone who might have posted habitually during those college days but hasn't used social media in recent years.I think reaching out via social media to find tenant leads is one thing, but using it as a method of screening, while it can have some benefits, can be misleading/can lead to incorrect info vetting; with social media profiles who's to say whether an account is run by the individual that the page purports to belong to?

That being said, I saw first hand that they don't really degrade as easily as they are purported to.

Always a red flag when a purported property owners:(a) Needs you sign an NDA for residential property(b) Sells the property with a Quit Claim DeedIronically those two ideas also tend to mean:(A) They are not the owner of the real property.

A POF showing their name on the bank account for at least the purchase price valid within the last 30 days.If a corp or another entity they have to submit articles or better yet you look up for the state where they are the controlling interest and make the decisions.Bottom line is people that purport to be something they are not junk up the real deals from happening and waste everyone's time.