Rakesh Bansal
Beware of SilverSky Capital
31 October 2023 | 4 replies
Also stay away from MCMANN CAPITAL - WALT TROCK AND MICHAEL LANZA (they changed their company name from McMann Commercial Lending) GENIE INVESTMENTS - DAVID HUGHES AND MIKE CONNER.Read the attached post, this story is identical to mine and about 60 others scammed by David Hughes, Walt Trock and Michael Lanzahttps://www.victimsbelocscam.com/forum/victims-discussion/mc...I am out over $80K
Alan M.
Syndications - Cash Flow vs. Wealth Creation
22 May 2019 | 9 replies
This point entails that identical IRR in a similar time-frame deal may produce different profits (which goes back to my second point - when and what profits were distributed!)
Tina Du
Insurance fraud - Is it criminal offense or civil offense
24 February 2015 | 1 reply
Investors Alert! Be careful when purchasing insurance through Managers' Master PolicyWhen you own real estate investment portfolio, try to find an insurance company from where you can purchase and handle payment and c...
James Wilcox
Confirming Rent Prices
7 April 2015 | 6 replies
The PM that was running the properties turned over the "leases" then went MIA when it came time to turn over the security deposits.Seems all the leases that were called "Executed" were forged or frauds.
Robert Tinker
King or queen, more bookings?
2 January 2020 | 34 replies
@Robert Tinker alternatively, I have a bedroom in an identical unit with a king and it is CRAMPED.
John Collins
Manhattan’s empty apartments: New leases plunge 62% in May
20 June 2020 | 73 replies
The whole point is this is about the de-urbanization of America for those that can afford it - the priority being to go to these suburbs where you get more bang for buck, have a homey feel, don't have to be in the thick of things all the time.Here's a great article by Andrew Left , a guy who made billions by predicting trends and exposing frauds ( @chris k. check this out)https://citronresearch.com/wp-content/uploads/2020/05/RH-The-Clear-Winner-from-the-De-Urbanization-of-America.pdfIt seems every three hours CNBC is interviewing a realtor about this trend.Instead of Citron editorializing, look at these headlines from NY, SF, Seattle,London, Paris, and every over urban market over the past few weeks:• “Zillow, Redfin predict a suburban boom in US real estate as remote workbecomes more common”• “Wealthy New Yorkers flee Manhattan for Suburbs and Beyond”• “New Yorkers Fleeing City Hunt for Million-Dollar Suburban Homes”• “City Dweller looking to move to suburbs amid pandemic”• “Young are joining the rich fleeing America’s big cites for the suburbs”• “Remote work may trigger a suburban boom in real estate”• “Investors are prioritizing greenery and open space, even if it means leaving thehistoric city center”The work at home and move to larger spaces trend is just beginning.
Nancy Truong
8 Layers of Asset Protection for Texas Residential Landlords
1 October 2022 | 0 replies
Piercing the corporate veil is an equitable remedy under Texas Business Code Section 101 when owners/landlords commingle funds (personal funds are mixed with company funds), do not treat the company as a separate business entity, use the company to commit illegal acts such as actual fraud, personal guarantees, diversion of company profits for individual personal use, inadequate capital, failure of proper legal documents.Under Texas Business Code Section 101.114, exceptions to piercing the corporate veil states: “Except as and to the extent the company agreement specifically provides otherwise, a member or manager is not liable for a debt, obligation, or liability of a limited liability company, including a debt, obligation, or liability under a judgment, decree, or order of a court.”According to Castleberry v.
Jenny F.
A Small Business Bailout RANT....
14 January 2009 | 23 replies
(Also I am a member of one of the identity protection companies that put fraud alerts on your CR) One of the banks that I used (i won't mention any names here) apparently ran out of cash and deemed my company "unstable", and "there is a fraud alert on my CR" and "my credit score" and slashed my line of credit.
Tim Silvers
HAFA, REALTOR ETHICS, & THE FUTURE OF SHORT SALE FLIPPING
4 May 2010 | 24 replies
Yet another "fascist" anti-flip, pro-lender banter about how anyone buying below market value is engaging in fraud.
Brittany Witt
What to Bring to Seller Appointment - Wholesale Real Estate
22 January 2019 | 132 replies
Are they also scammers and frauds?