Maxine McClinton
Paper Flips
2 July 2016 | 10 replies
We do them all the time - that is "flip" paper - I never really called it that - use paper to write an offer, paper to assign my contract.They may mean mortgage notes - you control a note for one price and flip the paper (note) for a higher price.I have been working with people just starting all the time - for about 36 yearsIt is sad to hear some of their stories, horror stories of how much money they spend with a so called mentor.Mattie came to me after dropping $30,000 to a fly by night mentor (they are still around today - if I said their name - you'd know who they are) and get rich programWe were able to get her $22,000 of that backWe had her call her phone mentor to ask question - he was on the phone goggling for the answersWe helped her write a letter that would have exposed them as frauds - to report them to every AG in the US, radio stations where they advertise, BBB and every real estate site on the internet.They could not answer basic real estate questionsWhat's a hybrid offer - how do I write one Should I use banking days or calendar daysCan I build in to my offer an automatic extension - what would the clause sayWhy would I use a "delayed settlement date"How do I get right of possession - how is the clause wordedWhat are "check funds" (one of the most important thing to know when getting started)How do I make the shift from "I want to buy your house" to NO I want to flip it, wholesale it or recycle it for a profitWhen buying, should I keep it in or take this clause out "Time is of the essence"What is the proper assignment language to use in my offerWhat is a "second stage negotiation"How do I make a "Trial Offer" on the phone and whyWhat should I do if the sellers says, "Make me an offer"I have no credit or money, how do I answer when the seller wants to know if I am pre-qualified for a loanWhat is the benefit of a "skinny contract" offerWhat is the only out clause I need to put in my offerSo many ambitious and good people have been taken advantage of daily by these traveling Con-men.Before you buy another course - ask - How many properties do you own - whereAre you licensed, bonded, insuredGet references of past men-tees - don't believe their Power PointLook at their financial statement - search their name on the internetDo lots of research before you spent
Jem J.
Umbrella policy for rental units
15 March 2016 | 18 replies
Someone trying to discover the real owner of your LLC will find your S-Corp (owned by your trust and your LLC) and your trust: they can find the trustee, but the identity of the beneficiary (you) is confidential and protected.David J Dachtera"Success is not a destination.
Craig Hordlow
Can You Unravel this Mortgage Fraud Scheme?
7 September 2023 | 2 replies
A few years ago I sold a commercial property to a buyer, and I'm one of eight plaintiffs currently suing him for fraud.
David Miller
Creating a Florida LLC with Anonymity
11 September 2023 | 2 replies
It is a legal way to protect the identity of a property’s true owner by creating a unique legal relationship between a trustee and a beneficiary.
Lisa Renee
VA Loan
11 February 2017 | 18 replies
This way you are not committing mortgage fraud... and when you get back stateside you will have two units to rent out with excellent cash flow!
Venkat Tarakad
Seller not responding to a pool inspection
18 April 2023 | 26 replies
Then you should definitely look for the identical home without a pool for $200k less.
Mark Forcum
Subto-Pace Morby, Good/Bad/Ugly?
11 September 2023 | 7 replies
Never heard of the guy before....but anyone using shills/bots/spam to hype their products/services is virtually guaranteed to be a fraud.
Alexander Wardell
Wholesale Cape Cod, Massachusetts, Bourne, Fall River,New Bedford
13 September 2018 | 14 replies
This is the textbook definition of "Fraud in the Inducement". https://legal-dictionary.thefreedictionary.com/fra...Want to do it right?
Anthony Freeman
How many properties?
25 August 2023 | 33 replies
@Anthony FreemanHey Tones, would you paint a sign on your back for identity thieves in order to impress strangers?
Jim K.
Oh my God the stories...
3 May 2022 | 52 replies
Can’t figure out why I’m upset tenant stays in unit through eviction moritorium never pays -lost 10k in rent for a year then he smashes the drywall upon leaving when finally evicted Sign lease with scammer tenant using fake identity under fake name to hide drug past tenant tried to kill himself by jumping off peak of my Victorian triplex other tenants gather at ground level screaming for him to jump egging him on till cops grab him