Quote from @Drew Sygit: Unless you've got millions to invest in residential multi-family, probably doesn't matter much.The drastic weather changes the USA is experiencing, may soon throw a wrench in all the predictions experts have made in the past.And for other reasons, Arizona is in the top 10 for states "to watch" in 2023- for growth and development. 

Quote from @Drew Sygit: @Jay Hinrichs someone else giving Detroit a bad rap? 

Originally posted by @Drew Sygit:ALWAYS get a W-2 and a bank statement!

I also wanted to touch on many larger investors being somewhat immune to problems ahead given that they are cash rich, but one of the main attractions that drew me to this podcast and forum is listening to the countless number of individuals tell their personal stories about how they were able to use RE as a vehicle to accumulate wealth and escape their somewhat miserable employment situations and build freedom for themselves.

Will the attorney who drew up the contracts defend them in court?

Originally posted by @Drew Sygit:The term, "rent to own" is a marketing gimmick. 

Originally posted by @Drew Legrand:I'm familiarizing myself with the foreclosure market in Northern Virginia, specifically Fairfax County and I have a question on obtaining the cash for purchasing a foreclosure at auction.This may not be unique to only Fairfax County, but cash is required for the purchase and conventional financing is not allowed.

Something tipped off the IRS.It’s very hard to know what started the investigation but it could have been as simple as someone feeling they got cheated on a deal and called a lawyer or a discontented employee, an ex girlfriend or ex spouse, etc.The point is, he was breaking the law& I think it’s unlikely the IRS drew his name out of a hat.

One more point, joint tenancy with right of survivorship does not fall under the jurisdiction of the probate court which was the implication I drew from one post here.

The work was completed and I drew the money from escrow.