General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsdalton99a
(81,568 posts)That's how the Trump crime family makes their living - servicing the Russian mob
kentuck
(111,110 posts)A criminal organization.
PoliticAverse
(26,366 posts)Buy a property for a (maybe suspiciously) low price, flip it 2 years later for market price - who's to say a payoff was involved?
or
Buy a property at market price, flip it 2 years later for a greatly increased price - who's to say you didn't just make a
great real estate investment.
kentuck
(111,110 posts)...some are flipped for tens of millions of dollars in exchange.
Wellstone ruled
(34,661 posts)money. There was a IRS change sometime in the 80's that dealt with reporting Real Estate Transactions. It had to do with a change in true value of the underlying Real Estate and Depreciation. Once this change became the rule. Katy bar the door ,inflated Appraisals became the norm.
Leverage became the new buzz word for the Guy's who were running questionable shops.
winstars
(4,220 posts)Remember folks, getting a no knock search warrant for 4 joints plus the "not a wiretap" warrant isn't easy, no matter what Faux News says. This guy is dirty and probably a quick look at him flipped them out...