Investor · hampton, VA · Member since 2009 · 428 posts · 249 votes
hey BP what do you think.... do you think Trump will make policy changes or make any tax changes to benefit us real estate investors if he gets elected? Since he's has such an extensive RE background...
Lender · CA · Member since 2015 · 9k+ posts · 10k+ votes
10y
Maybe he will make it so there's no waiting period to buy more real estate using a conventional mortgage following a bk, so we can all get in on how he's been doing it for decades.
1) Form Chris M #1 LLC.
2) Buy investment property.
3) Turns out it was a lemon.
4) Chris M #1 LLC declares bankruptcy, debt is discharged.
Lender · CA · Member since 2015 · 9k+ posts · 10k+ votes
10y
Maybe he will make it so there's no waiting period to buy more real estate using a conventional mortgage following a bk, so we can all get in on how he's been doing it for decades.
1) Form Chris M #1 LLC.
2) Buy investment property.
3) Turns out it was a lemon.
4) Chris M #1 LLC declares bankruptcy, debt is discharged.
Investor · Century, FL · Member since 2015 · 950 posts · 603 votes
10y
Technically no, because most RE law and taxation is done at State level.
What (I hope) he will improve is the economic climate. Whether that affects real estate investors like me I have no idea, because I buy distressed discounted properties. Whether those will exist in the numbers I'm willing to pay in an economy that hopefully will do much better, I don't know.
However, I want a good economy regardless of my RE endeavors.
Technically no, because most RE law and taxation is done at State level.
What (I hope) he will improve is the economic climate. Whether that affects real estate investors like me I have no idea, because I buy distressed discounted properties. Whether those will exist in the numbers I'm willing to pay in an economy that hopefully will do much better, I don't know.
However, I want a good economy regardless of my RE endeavors.
Hey james we all buy distressed property, but we then hv to get out of the houses somehow. Unless ur buying homes to keep for your personal use.. What does that fact hv to do with the RE industry?