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Feb 6, 2016
9:51
:32
am
byukarl
All-American
a little harder with that scenario if the listing is 150k
but I agree with you, these deals happen all the time.
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byukarl
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byukarl
Joined
Apr 15, 2003
Last login
Jun 16, 2024
Total posts
28,084 (696 FO)
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Messages
Author
Time
FB friend just posted this about a recent real estate transaction:
PharmD
2/6/16 7:03am
How do you close on a 4 plex without using your own credit?
Cougarealist
2/6/16 7:28am
Duh, by never giving up and filLing in the gaps of your weaknesses, cool
Cougarealist
2/6/16 7:30am
I have the same friend. Saw the same message. Thought the same thing.
Tim
2/6/16 7:31am
So someone paid for a 4plex and gave it to them? Did they use Jedi mind tricks?
KingDave
2/6/16 7:39am
Lease option to purchase
byukarl
2/6/16 7:44am
That's kind of funny he would brag about that.
mokelembembe
2/6/16 7:44am
Yes. Bragging About Using Somebody. Not Cool.
ovalY
2/6/16 8:04am
most likely they didn't use a family member's money - most likely it was seller financed.
HarlemCoug
2/6/16 8:52am
It was seller financed, but down payment came from family member.
PharmD
2/6/16 8:58am
Are you sure the family member money was a gift and not an investment? Nothing in his posts leads me to believe it's
HarlemCoug
2/6/16 10:36am
Seems like an odd thing to boast about.
Slim
2/6/16 7:49am
Gofundme?
IndependentGeorge
2/6/16 8:01am
Never thought I'd see a humble scam artist brag, but there ya go.
Wedgetail
2/6/16 8:23am
That's the world we live in.
AF Cougar
2/6/16 8:44am
I don't understand why you guys think this is a scam. It might be, but it seems pretty common to me. I'll explain:
HarlemCoug
2/6/16 9:03am
a little harder with that scenario if the listing is 150k
byukarl
2/6/16 9:51am
I didn't say it was a scam, but his FB post makes it sound like one.
Wedgetail
2/6/16 10:34am
Is this 2007?
ag4cougs
2/6/16 10:54am
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