Jim Stoffey
Joint Venture - Is this a Scam?
1 September 2024 | 79 replies
With a quality relationship they will just continue to get better and better.Example: I met this local lady.
Tina Kapur
CHA voucher and RTA form
29 August 2024 | 7 replies
The young lady is moving out of living with her parents, so I assumed she could afford to pay via a paycheck but she sent a text saying she will forward RTA form and CHA voucher.
Roberto Westerband
First Lien HELOC Strategy
8 September 2024 | 168 replies
I took out a loan for a pool to make me feel better but only ended up with a creepy old lady for a neighbor that would open the shades anytime I’d get in the pool.
Jonathan Hammann
Tax Lien Buyers Club, Don't Do It!!!
31 August 2024 | 36 replies
However they don't tell you the full story.I was told, like everyone else, that the properties were "screened" ok... sure, long story short my lady who works at Tax Lien Buyers club, pressured me into buying them, saying oh, "these are the last ones, so I need you to hurry and sign them."
Zach Wagner
MTR Start Up
29 August 2024 | 16 replies
I find that properties can be priced wildly different so just use the prices as ballpark figures and make sure you can make what you need to make if you are able to price it within the ballpark.
Account Closed
Person taking advantage of a little old lady who barely lives on rental income
27 August 2024 | 5 replies
My mom barely lives off the income from her properties that she worked her butt off to obtain over ~30 years. She now lives in a memory care facility, and her properties are part of an irrevocable trust. The property ...
Alex Silang
Anyone concerned about a pandemic sequel?
29 August 2024 | 20 replies
We actually got quite lucky as COVID wild type strain mutated fast enough to become less harmful and so only 1.2 million Americans have died and only 7.1 million people around the world have died from it, so far.
Isaac Blocher
The Cost of Transactional funding
29 August 2024 | 70 replies
@Ted Akers yes for instance this would not work well in WA with the excise tax of 1.78% or there about on title transfers.this was a low end deal in GA so it was a normal wholesaler approach I think the guy made 10k on the deal we made a few bucks and they absorbed the one closing costs and transfer tax which was probably nominal I would have to look at the hud.I can see this working in states were double escrows are not allowed any more... or if a wholesaler wanted to put to bed the thought that they are selling re without a license.. you know the wild wild west out there in that industry were basically anything goes until it does not LOL.I am NMLS mortgage banker sitting in the bullpen.. my license is on ICE but I do the CE.. just don't want to have to take the test again incase I want to jump back into doing HML.. so for right now taking title is a clear path.. no securities issues no licensing issues.. etc etc.. and 100% control. the only way I will do this these days.. but then again my clients are well known to me for more than a decade most of them and they are high volume flippers etc... so we have a lot going on...
Jenna Bamlet
Business partner separation
28 August 2024 | 17 replies
Nothing sits on the market for a year that isn't wildly over priced, poorly marketed and/or made difficult to show.Potential buyers have probably tried to see the place and are being denied or some sort of nonsense to make them not want to make an offer.I bet the realtor will have some interesting info to share - or if they won't say anything to you bc their agreement is with your partner kindly share with them that the houses are in your name and the listing's need canceled immediately unless they start cooperating.Have you laywerd up yet?
Cheng Bin Zhang
How to ADU in Massachusetts
28 August 2024 | 5 replies
This little exception (which was quickly over-ruled after I completed my ADU 🙄🙄) sent us on a wild goose chase.