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.

These are still valid arrangements.The quoted part above is in reference to a contract for deed, not a Sub-2.Not speaking of politics as an opinion of one side or another, but your local political flavor absolutely influences the way the bench leans in any area, meaning that in very pro business areas that favor landlords for example, a deed in lieu of foreclosure will be looked upon through those glasses.

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.

I think Joe is really in the insurance department of an institution that buys paper, at best, just my guess as we will never really know, what we do know is the lack of attention to details, but, in time, he does grow on you and certainly adds flavor to any note discussion.

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.

Consider inviting Bill Gulley over to add some flavor to the show:)

It's refreshing to hear from "the real deal" and not the "flavor of the month."