We all make our money on the buy...In my post I was noting that you can find good properties in bad areas, making the distinction that not all buildings and tenants are bad in run down areas.

Not sure what distinction you're making between the sub2 and the wrap.

To ignore this important distinction, of sophistication of the buyer, inside the guise of using the definition of value as justification for actions can be pretty dangerous.

The Phila Dept of Revenue will be looking to collect two distinct taxes - basically gross receipts tax and net profits tax from the CAL account number (usually the owner).

We will leave that idea at that for this thread.Much of the distinctions between the two are simply window dressing.

I make a distinction on here between wholesalers and assignors and actual purchasers who are going to buy and hold a property.

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To make sense for the lender.What you have is a distinct advantage over your competition IE your cost of funds is such that if you needed to discount you will probably make money the hard money borrower may not make a dime because of his cost of capital ate him up...

I draw a distinction between the two.I have found that if you don't "freshen" personal living spaces from time to time they will start to look "down market" and you'll start to attract down market tenants.

They are good to know, but they are not the "rules of this site," but that of some off its members.I think it is important to make that distinction.