Account Closed
Wire Fraud Warning On Real Estate Deals
3 March 2018 | 7 replies
@Jimmy Dudley its sort of depends on where you live and closing customs.for instance on the west coast there is no such thing as a wet closing.. or having all parties come to the closing table.. simply never happens.so when we sell something here I usually go in and sign ( if I want to I can also just have them e mail docs and I sign and they send a courier to my office.. )this is done 2 to 10 days before closing.. then the buyers come in the 3 days before usually because they have their 3 day right of recession ( owner occ mortgages) then the loan package goes back to the lender.. then the title company has to record in the morning.. and has to send recording numbers to the lender then the lender funds.. then the next day once this is done title company will cut checks or wire proceeds.. for us 100% wires we never get checks.. its always kind of comical when I am sitting in my office in Oregon closing a deal in some east coast state and the closing attorney sends me an email with the time of the closing and wants to know if that time is good for me like I am really going to be there..
Lucy Tschappler
Cash buying an out-of-state multifamily?
12 March 2018 | 7 replies
And you could be out the cost of an inspection if they are really trying to hide something.Normally I hate the idea of “get it under contract and then negotiate further” but if the owner won’t let you into any units then you really don’t have a choice.
Justin Thiesse
Looking at purchasing 160 Storage Units.
17 April 2019 | 21 replies
I say this because a manager that knows how to run a facility better than you will be tempted to pocket some cash from time-to-time and will know how to hide it from you, so beware.
Tim Morales
Hard Money Loan and Refinancing
15 March 2018 | 17 replies
Everybody, don't even think of trying to hide debt obligations from Lenders!
Joe Splitrock
2018 Happiest Cities in America
21 March 2018 | 43 replies
Snowmobiling, skiing, sledding, playing in the snow with your family, etc.How can one be happy in TX when you have to try and hide from the weather when it hits 120* and the bugs never die?
Brian Dickerson
Should I be concerned about this deal?
23 March 2018 | 8 replies
Then the seller agent accused our agent of being unethical trying to obtain the docs.I get an uneasy feeling about this deal now, as if they're trying to hide something.
Brad Mirkovich
Deal Analysis: Seller Financing
18 March 2018 | 4 replies
@Brad Mirkovich, many times sellers offer to carry because they know the property is not a deal, know that it will not appraise, or something else that they are trying to hide.
Aaron Rosenberg
New Yorker trying to get started anywhere but New York
21 March 2018 | 1 reply
I hunt down solutions for fun and there are few that can hide from me.
Randy E.
Wholesalers getting desperate?
25 March 2018 | 18 replies
I halfway expect them to be camped out around my PO Box, hiding in my bushes, showing up in the shower while I'm brushing my teeth, chasing me around like some sort of broke ghost.
Anthony Warren
Rental questions for soon to be landlord.
19 April 2018 | 4 replies
Those will protect you 10x more than setting up an LLC or creating a bunch of bank accounts, thinking you can hide from litigation.