Dan H.
Proposed regulation on real-estate purchases made in all cash
Proposal to regulate all cash offers to reduce use of RE to launder money. Not sure what effect this will have on investors who make all cash offers or sellers whose RE for some reason does not qualify for traditiona...
Account Closed
How does money laundering work in a real estate investment firm?
I AM NOT ASKING FOR ADVICE ON HOW TO DO ANYTHING ILLEGAL! Lol.I used to know someone whose dad owned a real estate investment firm that had 5.5 billion of assets.They told me that there is a lot of money laundering th...
Grant Anderson
Investor wants to Invest
Hi Everyone,A family member wants to invest money with me on a flip property. The only thing is he has only cash to invest, he does not trust banks. Is there anything I have to worry about if accepting cash? It will b...
Account Closed
Do you know your lender?
In all fairness, I know this won't be a popular topic, and I'm going to post up and wait for replies rather than facilitate the discussion....so here goes....I've seen a lot of advertisements, I've received a few offe...
Vishal Amin
Private Lender wants to invest with all cash
Hi BP Community,
My private/hard money lender want's to invest with all hard cash. I wanted to know if anyone has dealt with this before. How would the process work? Sending the money to the title company? Can I conv...
Nazmus Sakib
Real State Investing as an international student in Canada.
Hi, I'm an international student,20 years old, and moving to Canada in September in Toronto. So, if I want to buy a multi-family unit(9 to 10)for myself as well as for investment purposes(student rental), will the ban...
Sheryl Griffin
Opening a business checking account
So what is the correct terminology when opening a business checking account when asked what I do? When I answered "Real Estate Investments", it raised a red flag. I never had this before in days past when I had busi...
David Pimenov
Cashing out in dubai
If a u.s. citizen lived and worked in dubai for only one year and then cashed out like 1.4 or 1.6 billion usd even if such money was clean and legitimate, would this amount arouse suspicion once back in the u.s.? Up ...
Russell R Massey
Tax Lien Sale Courthouse Steps - Really weird - Why did this happen????
Atlanta.Referencing a small corner property, 45'x20', zoned Residential. Planning says nothing can be built there (well it could but it is VERY VERY VERY unlikely it would be approved per zoning). Long established res...
Edwin Vela
UNITED STATES TREASURY BEGINS CRACK DOWN ON MONEY LAUNDERING
UNITED STATES TREASURY BEGINS CRACK DOWN ON MONEY LAUNDERING THROUGH HIGH END RESIDENTIAL REAL ESTATE In an effort to combat money laundering in the real estate sector, The Financial Crimes Enforcement Network (FinCen...