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10 August 2015 | 6 replies
This is a guess, but this scheme probably looks better to lenders, as you are providing a history of not only paying the mortgage, but paying it off quickly.
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22 March 2017 | 33 replies
what happens on BP is you get people with 1k in their pocket read your post and off they go.. and they get all screwed up becasue they simply don't have the reserves to handle the default situations and since your dealing in sub prime paper ( non traditional interest rates and financing) your going to have defaults... and you may have reserves today what happens if you blow your reserves then have one go upside down.And how is it a good idea for your seller to keep a loan in their name for 30 years.. this many times keeps them from getting another loan.. they don't ( your seller) realize what a mistake it was until they try to go get more credit.there is a place for this usually in quick flips.. long term at least for any seller that would talk to me its very dangerous for them. and it is not a beginners play.. which is what those who sell HOW TO play to that audiance.. unless your saying your not in the education business and just teach people for free.so we can agree to disagree on the merits of this scheme for ALL parties not just YOU...
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21 September 2020 | 25 replies
From there, you can build the color scheme around that.
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5 October 2017 | 78 replies
The property was rent ready, another investor wanted to repaint as he didn't like the color scheme.3.
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20 November 2017 | 9 replies
I coined it the pump and dump due diligence scheme
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26 March 2009 | 11 replies
Who said mortgage fraud had no sex appeal?
From the article:
A former Suffolk legislator, a Manhattan dominatrix and several other people were charged Wednesday in what Suffolk prosecutors said was a $50 million web ...
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18 April 2011 | 14 replies
One thing leads to another then the homeowner wants a lease option then the FBI comes and says it was all a scheme to defraud a government backed lending institution.
5 October 2018 | 7 replies
. - A very convincing argument for why real estate in general is a bad investment- 2 generalized arguments for why leverage is better (that I fully agree with) but that ignore the specifics of the scenario (the properties are about 2 thousand each and you don't have time for more than 2 - 4 properties in the near term)- And... received a private message trying to sell me a 100k ponzi scheme haha
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25 January 2019 | 4 replies
Depending on the loan and how much the rate has changed and the length of the extension, typically the cost is minimal in the grand scheme of things.
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10 June 2019 | 16 replies
I like contrasting color schemes.