Yet no one told me how Carlton sheets students do it. Someone must know. I mean they are on tv advertising it and showing the checks…
Carlton Sheets methods are about 25 years old and most of those methods taught simply will not work in today’s world, legal or not.
Now if anyone likes, i can probably email them about 30 preconstruction and condo converisions advertising these cashback incentives…
And I seriously doubt that they are doing it “under the table,” especially if they are advertising it. There are many legal ways to get cash back at closing. You’re just hooked on the "un"legal methods.
I think its impossible to operate totally 100% in the law.
I agree that YOU think that it is impossible to operate within the law.
It is why the term creative business was created.
Maybe that’s what “creative business” is to you. Creative financing, the term associated with REI was originally coined because investors had found (legal) ways to buy/control property without the standard good credit, good job, 20% down mortgage that you had to have. The term “creative” in recent history has been bastardized to mean the “grey” areas of legal that you seem to covet. It’s also why the legal representatives are developing a hate to RE investors and passing ever tougher laws to prevent the “creative” investor from even buying property. Unfortunately, all that really does is make it tougher for the honest people, as the “grey” area types seem to always find it easier to “get around” those pesky laws.
I am a straight shooter…
Now that’s funny right there! I don’t care what you say!
I guess setting up my LLC’s in NV and doing business in other states is illegal also to everyone on here… I guess since my holding company never pays taxees on sales, i broker the law, or that my Property mgmt co pays me an income of what it makes to not pay taxes is wrong too…i guess my whole way of thinking is wrong because i want to maximize my dollars… taking advantage of a developer paying 1st yrs HOA must be wrong too…giving free upgrades, etc…
Now, you’re just whining. Still, I’ll break it down. LLC’s in NV, not illegal as long as you’ve filed the proper paperwork in other states. BTW, there are police for that.
Holding company never paying taxes on sales: Can’t say if it’s illegal or not. If you legally took the tax deductions due you, then no. If it’s just not paying taxes for the heck of it, I’d wager that yes, you’re breaking the law (btw, there’s police for that, too. Remember Al Capone?)
Getting paid an income: Can’t see anything illegal with getting paid an income. Still, I don’t know your bookkeeping.
Thinking wrong to maximize dollars: I can definitely say that you’re clearly in your “grey” area. There are simply too many legal ways to maximize your returns to subject yourself to the risks of getting caught doing something illegal. (BTW, saying, “everybody else is doing it” doesn’t work, even for a traffic ticket)
Raj