[Coronita]

It will be interesting to see if any of the Pardee communities in CV had some of these hidden "deals".

 

Why is it the more and more i learn about what one can do in real estate, the more I think this is an awfully dirty business??? 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

It will be interesting to see if any of the Pardee communities in CV had some of these hidden "deals".

 

Why is it the more and more i learn about what one can do in real estate, the more I think this is an awfully dirty business??? 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

It will be interesting to see if any of the Pardee communities in CV had some of these hidden "deals".

 

Why is it the more and more i learn about what one can do in real estate, the more I think this is an awfully dirty business??? 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

It will be interesting to see if any of the Pardee communities in CV had some of these hidden "deals".

 

Why is it the more and more i learn about what one can do in real estate, the more I think this is an awfully dirty business??? 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

It will be interesting to see if any of the Pardee communities in CV had some of these hidden "deals".

 

Why is it the more and more i learn about what one can do in real estate, the more I think this is an awfully dirty business??? 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Interesting. I wonder if there are any legal issues about this. Not in the initial purchase, but any subsequent refinancing…..

 

I mean let's suppose this hypothetical situation.

Let's say I work out a scheme with a seller to a home for $1.5million in cash. Behind the seen i get $500k cash back. Then I subsequently refinance the home. Would it take the initial purchase price of $1.5 million into consideration in the any subsequent appraisal? I mean, perhaps a $500k spread is too large to pull this off, but suppose it's say $200-300k on a home >$1million. Afterall, occasionally, we see a seller with an asking price with a $200k spread, sometimes $300k.

 

I would also suspect that "friend" after refinancing will then have his/her home reassessed at the lower value after refinancing to reduce the tax burden.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Interesting. I wonder if there are any legal issues about this. Not in the initial purchase, but any subsequent refinancing…..

 

I mean let's suppose this hypothetical situation.

Let's say I work out a scheme with a seller to a home for $1.5million in cash. Behind the seen i get $500k cash back. Then I subsequently refinance the home. Would it take the initial purchase price of $1.5 million into consideration in the any subsequent appraisal? I mean, perhaps a $500k spread is too large to pull this off, but suppose it's say $200-300k on a home >$1million. Afterall, occasionally, we see a seller with an asking price with a $200k spread, sometimes $300k.

 

I would also suspect that "friend" after refinancing will then have his/her home reassessed at the lower value after refinancing to reduce the tax burden.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Interesting. I wonder if there are any legal issues about this. Not in the initial purchase, but any subsequent refinancing…..

 

I mean let's suppose this hypothetical situation.

Let's say I work out a scheme with a seller to a home for $1.5million in cash. Behind the seen i get $500k cash back. Then I subsequently refinance the home. Would it take the initial purchase price of $1.5 million into consideration in the any subsequent appraisal? I mean, perhaps a $500k spread is too large to pull this off, but suppose it's say $200-300k on a home >$1million. Afterall, occasionally, we see a seller with an asking price with a $200k spread, sometimes $300k.

 

I would also suspect that "friend" after refinancing will then have his/her home reassessed at the lower value after refinancing to reduce the tax burden.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Interesting. I wonder if there are any legal issues about this. Not in the initial purchase, but any subsequent refinancing…..

 

I mean let's suppose this hypothetical situation.

Let's say I work out a scheme with a seller to a home for $1.5million in cash. Behind the seen i get $500k cash back. Then I subsequently refinance the home. Would it take the initial purchase price of $1.5 million into consideration in the any subsequent appraisal? I mean, perhaps a $500k spread is too large to pull this off, but suppose it's say $200-300k on a home >$1million. Afterall, occasionally, we see a seller with an asking price with a $200k spread, sometimes $300k.

 

I would also suspect that "friend" after refinancing will then have his/her home reassessed at the lower value after refinancing to reduce the tax burden.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Interesting. I wonder if there are any legal issues about this. Not in the initial purchase, but any subsequent refinancing…..

 

I mean let's suppose this hypothetical situation.

Let's say I work out a scheme with a seller to a home for $1.5million in cash. Behind the seen i get $500k cash back. Then I subsequently refinance the home. Would it take the initial purchase price of $1.5 million into consideration in the any subsequent appraisal? I mean, perhaps a $500k spread is too large to pull this off, but suppose it's say $200-300k on a home >$1million. Afterall, occasionally, we see a seller with an asking price with a $200k spread, sometimes $300k.

 

I would also suspect that "friend" after refinancing will then have his/her home reassessed at the lower value after refinancing to reduce the tax burden.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I believe it was Capital 1 that researched generic envelope designs for their bills so that customers would intentionally throw them out so they could late fees & finance charges.

I use to receive their CC application so much, that rather than just throwing them out, I'd send in the application with all the garbage that came in the original mail back to them in their postage paid envelope they included (minus the form with my name on it). Actually, it was credit card application merry-go-round. I would send Chase a Capital One application, Capital One a MBNA application, and MBNA a Capital One application.

That is, until they actually started printing a barcode on the return envelope to track people that did this.

 

I love my Costco Amex card BTW. In addition to stuffing my fat ass with food from Costco, I get 3% cash back on travel, 2% on dining out, and 1% cash back on all other purchases. It comes back to you in a costco check which you can cash in at costco without buying anything.

 

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I believe it was Capital 1 that researched generic envelope designs for their bills so that customers would intentionally throw them out so they could late fees & finance charges.

I use to receive their CC application so much, that rather than just throwing them out, I'd send in the application with all the garbage that came in the original mail back to them in their postage paid envelope they included (minus the form with my name on it). Actually, it was credit card application merry-go-round. I would send Chase a Capital One application, Capital One a MBNA application, and MBNA a Capital One application.

That is, until they actually started printing a barcode on the return envelope to track people that did this.

 

I love my Costco Amex card BTW. In addition to stuffing my fat ass with food from Costco, I get 3% cash back on travel, 2% on dining out, and 1% cash back on all other purchases. It comes back to you in a costco check which you can cash in at costco without buying anything.

 

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I believe it was Capital 1 that researched generic envelope designs for their bills so that customers would intentionally throw them out so they could late fees & finance charges.

I use to receive their CC application so much, that rather than just throwing them out, I'd send in the application with all the garbage that came in the original mail back to them in their postage paid envelope they included (minus the form with my name on it). Actually, it was credit card application merry-go-round. I would send Chase a Capital One application, Capital One a MBNA application, and MBNA a Capital One application.

That is, until they actually started printing a barcode on the return envelope to track people that did this.

 

I love my Costco Amex card BTW. In addition to stuffing my fat ass with food from Costco, I get 3% cash back on travel, 2% on dining out, and 1% cash back on all other purchases. It comes back to you in a costco check which you can cash in at costco without buying anything.

 

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I believe it was Capital 1 that researched generic envelope designs for their bills so that customers would intentionally throw them out so they could late fees & finance charges.

I use to receive their CC application so much, that rather than just throwing them out, I'd send in the application with all the garbage that came in the original mail back to them in their postage paid envelope they included (minus the form with my name on it). Actually, it was credit card application merry-go-round. I would send Chase a Capital One application, Capital One a MBNA application, and MBNA a Capital One application.

That is, until they actually started printing a barcode on the return envelope to track people that did this.

 

I love my Costco Amex card BTW. In addition to stuffing my fat ass with food from Costco, I get 3% cash back on travel, 2% on dining out, and 1% cash back on all other purchases. It comes back to you in a costco check which you can cash in at costco without buying anything.

 

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I believe it was Capital 1 that researched generic envelope designs for their bills so that customers would intentionally throw them out so they could late fees & finance charges.

I use to receive their CC application so much, that rather than just throwing them out, I'd send in the application with all the garbage that came in the original mail back to them in their postage paid envelope they included (minus the form with my name on it). Actually, it was credit card application merry-go-round. I would send Chase a Capital One application, Capital One a MBNA application, and MBNA a Capital One application.

That is, until they actually started printing a barcode on the return envelope to track people that did this.

 

I love my Costco Amex card BTW. In addition to stuffing my fat ass with food from Costco, I get 3% cash back on travel, 2% on dining out, and 1% cash back on all other purchases. It comes back to you in a costco check which you can cash in at costco without buying anything.

 

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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