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30 September 2022 | 3 replies
This is a classic BRRRR property (assuming your numbers are correct).
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4 November 2022 | 5 replies
The classic maneuver is to perform a “drop and swap” where you essentially convert the three members from a partnership to tenants in common by forming subsidiary LLCs under the partnership LLC and dropping (deeding) the three members’ respective interest in the property to the respective subs owned by the respective members.
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13 August 2016 | 5 replies
I was first exposed to the investment side of real estate after an accounting professor I had made the class read Rich Dad, Poor Dad by Robert Kiyosaki, a classic beginner book.
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11 August 2016 | 3 replies
I sense a classic co-wholesale non transaction.Every time I do a shady back alley deal with the broke and uneducated looking for a quick buck, I get burned, too.
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12 August 2016 | 49 replies
On the other hand, a person with a 1MM luxury / super car (depreciating asset, unless it's a classic an/or a celebrity UBER driver) as his/her only asset (owns free and clear) by definition they would be a millionaire while the leveraged property owner would not be...
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17 August 2016 | 8 replies
These are classic boom-bust markets.
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19 August 2016 | 11 replies
This is a classic example of an advance fee loan scam.
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13 December 2014 | 18 replies
You made a classic mistake you over improved for the neighborhood..So I agree with the OP people that are looking for owner finance deals are the one's that will over look some of these issues to get into a nice new home.Although sounds like you have a boat load of capital tied up in the home.Either that or your just going to have to do the falling knife syndrome and ride it down until someone see's value and will pay you in full for it.Other thing you could do is move into it...
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17 December 2014 | 16 replies
It might just be the classic sell high/buy low opportunity you're looking for.
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12 January 2015 | 15 replies
Classic examples of fiduciaries are trustees, executors, andguardians.