Some of the people may be just be uneducated poor people in a bad situation going with the flow but the ringleaders are real hard dirty scum bag criminals....The police are a joke and that's what we should be ashamed of....

IMO it is a shame there are so many people victimized by FRAUDS claiming they are providing a "service", are "transparent", and other BS.

It is a shame you didn't post this a few days ago ... just yesterday we all met up in Culver city to go through pools of notes to practice analyzing them ... total cost of a full day seminar: $20.

But, IMO, to assume they are only worth 80% of the collateral value is a sham and the basis for their profit motive!

Frankly, I'd be thoroughly embarrassed and ashamed to claim they were "turn-key" or rehabbed if I was selling them.

The rent rate (at $1200) is good for the price you paid, it's just a shame that you need to pour more into the prop to get there, although those improvements will increase your tax basis which will be useful if/when you sell.

That's sort of what we're debating currently - personally I don't think a realtor is going to get much done and it would be a shame to have the realtor sell the property in the same time frame it would of taken us.

It's a shame that they're in that situation and you can give them some flexibility but at the end of the day you're a business owner.Since these types of occurrences are unforeseeable, you should look into buying rent default insurance at some point to give you peace of mind.Best of luck,Aaron

If the owners fail to maintain a formal legal separation between their business and their personal financial affairs, a court could find that the corporation or LLC is really just a sham (the owners' alter ego) and that the owners are personally operating the business as if the corporation or LLC didn't exist.

That would be a shame.