Those "projected" rents could be totally whimsical, the proforma could understate expenses, etc, and you're buying the apartment today. 

It is all a stupid scam to get you into buying their latest new program. 

She said everyone who offered to buy was a scammer.

Using your logic, I should be never taking a commission and trying to reach into my own pocket to help them buy as much of the house as I can for them.

Time sink: takes so much effort and time while working full time.Option 2: Buying Rental Property in a Cheaper MarketPros:Time to cash is immediate is about 40 days from closing time.Landlord friendly: which means eviction and rent control in LandlordDiversification: Investing in a different location spreads the risk.Property Appreciation: Some emerging markets might offer significant appreciation over time.Established Rental Market: Easier to find tenants in established rental markets with a high demand.Potential to build an ADU: i can build on the property land.

Hello fellow investorsIs buying a negative cashflow deal good if the IRR (Internal Rate of Return) and Cap rate are decent?

Mortgage fraud laws are divided into two specific categories, which are:Fraud for housing, in which someone submits inaccurate information in order to be able to buy a home under more favorable termsFraud for profit, in which a real estate professional falsifies information so that they can get more money out of a transaction"most states also have their own laws in place.

Lets say someone buys an apartment complex for 6 ml for cash.How much should they add for the closing costs if no loan needed?

In the process of buying my first 4 unit!  

So, if a broker came across this as either their listing or as an existing listing and had access to investment capital, they could buy out the equity position or one of the equity partners and structure the above transaction.