The idea being that the return on the future years is in effect lowered.What I do not know is if the IRR calculation you are doing factors in the cost of the sale and the tax implications.

As far as a 1099 yes the lender will write off the loss and send the debtor a 1099 (almost always) which is treated as income and taxable by the debtor… However, there is a new law that just went into effect and under the right circumstances it makes it so the lender can not 1099 the debtor.

You will not only lose money due to the lost rent, legal fees, and court costs, but tenants often do a lot of damage to the property.

My friend/partner want to buy an reo together.

parter has 750 credit score.

I have 652 credit score.

If we we both go on the financing will it lower he's score?

However, I assume that an effective wholesaler is putting a large magnitude of offers out there every week, most of which he/she has never seen personally.

There are good, effective ways to do this.. and there are clumsy, stupid ways to do this :-) Ask me how I know...

The actual risk is likely low unless someone wants to make an example of you.I have heard of the idea used to good effect before.

are these types of numbers effective also in "cloaking" your identity when using bandit signs?

As of now im only birddogging but if i can convince the owners to sell, I will definitely buy one (or maybe both) for myself... assuming there is no major damage to the house.

With this arrangement, my financier in the states, will be effecting your payment deposit to you.