I wonder?????? Cyber Thug or Real?

[Syko Sniper]

I'm a real thug hardcore tripple OG E-thugsta crip from beverly hills 90210 reppin donna n brenda foo's tsyeah booooooooyyyyyyyyy

NIGGA SPLASHES NIGGA REAL THUG SHIT NIGGA AINT NO WHITE BOY SHIT NIGGA!!!1

the white nigga represntin siccness keyboard thuggn' 24/7

 

[T-Spoon]

Somebody hacked into mine and I aint been able to get in it but send me the info via private message. But like I told Spoon, I'm not tryin to sell it to an invester for 80%LTV I'm sellin it owner occupied for at least 95% LTV

wut u do loans too? owner financing? wut? fold.

 

[mafiaqueen]

wut u do loans too? owner financing? wut? fold.

Naw but I I'm cool with a couple of lenders but you know they crackin down on weak borrowers. They call it predatory lending. So now if people got weak credit they gotta have money to show and come with 10% down plus closing so needless to say its slowing shit down a lil bit. That one I got in the Dec I did a hard loan (construction loan) but the one I'm closing on in Stockbridge is a traditional loan for a foreclosure. I know u mentioned u flip, I kinda stray away from flipping cuz of the tax implications and I got in trouble with the IRS back in 99 behind flipping..LOL. But theres a way to still pull that cash out so it doesnt show as a gain.

 

[BayBoss420]

I think we got a winner for E-Banger of the year. Mafia Queen just posted up pics of her guns and money in another thread to prove how hard she is and how much she's eatin!

 

[T-Spoon]

Naw but I I'm cool with a couple of lenders but you know they crackin down on weak borrowers. They call it predatory lending. So now if people got weak credit they gotta have money to show and come with 10% down plus closing so needless to say its slowing shit down a lil bit. That one I got in the Dec I did a hard loan (construction loan) but the one I'm closing on in Stockbridge is a traditional loan for a foreclosure. I know u mentioned u flip, I kinda stray away from flipping cuz of the tax implications and I got in trouble with the IRS back in 99 behind flipping..LOL. But theres a way to still pull that cash out so it doesnt show as a gain.

i'm jus kinda confused at the statement u made about the 80% loan to value vs the 95% ltv. can u explain? fold.

 

[mafiaqueen]

I think we got a winner for E-Banger of the year. Mafia Queen just posted up pics of her guns and money in another thread to prove how hard she is and how much she's eatin!

Thank u thank u..please hold your applause!! T-Spoon was runner up with Gas One third and honarary members Jaron916 and a couple other fools I cant remember..Security provided by deputy Mr Peete. Hosted by Cesolito. But I got the crown that I do...it was fun and hilarious.

 

[BayBoss420]

hella nah.. i take that back Im tha hardest Mutha Fucka On here...check game u beeeezys

who wants war wit me???

 

[mafiaqueen]

i'm jus kinda confused at the statement u made about the 80% loan to value vs the 95% ltv. can u explain? fold.

OK like u are an investor so u wanna come in with equity, right? Thats why u said 80% correct. So if u flip theres still room for u to eat. So if it appraises for 165 an investor will get it at 80% of that which is bout maybe 130-135. But if I sell it owner occupied then I sell for full price, their incentive is not to come in with equity cuz they gon live there not flip it. Dont yall do it like that when dealing with other investors?

 

[jmacc916]

hella nah.. i take that back Im tha hardest Mutha Fucka On here...check game u beeeezys

who wants war wit me???

LMAO, classic shit

 

[T-Spoon]

OK like u are an investor so u wanna come in with equity, right? Thats why u said 80% correct. So if u flip theres still room for u to eat. So if it appraises for 165 an investor will get it at 80% of that which is bout maybe 130-135. But if I sell it owner occupied then I sell for full price, their incentive is not to come in with equity cuz they gon live there not flip it. Dont yall do it like that when dealing with other investors?

uh, no. i wuz offerin u 80% of the value. wut are u talkin about ltv for if ur not the lender? only lenders offer those kinda LOANS. are u lendin money? if u OWN the prop, then why should u care how i get financed, whether it's owner occupied, or investor. jus as long as u get paid. fold.

 

[jmacc916]

Naw but I I'm cool with a couple of lenders but you know they crackin down on weak borrowers. They call it predatory lending. So now if people got weak credit they gotta have money to show and come with 10% down plus closing so needless to say its slowing shit down a lil bit. That one I got in the Dec I did a hard loan (construction loan) but the one I'm closing on in Stockbridge is a traditional loan for a foreclosure. I know u mentioned u flip, I kinda stray away from flipping cuz of the tax implications and I got in trouble with the IRS back in 99 behind flipping..LOL. But theres a way to still pull that cash out so it doesnt show as a gain.

Its called an LLC or S-corp in Nevada or Florida(the 2 most lenient states when it comes to state tax and the IRS), one of my patnas handle shit like that out here in vegas

 

[T-Spoon]

i can see,u kinda kno wut ur talkin about with the equity, but i don't understand how u can SELL a house owner occupied. that's on the BUYERS end. ur jus a seller. u set ur price, u try to get ur price. it's the buyer that has to qualify for investor or occupyin loans. unless u kno somethin i don't and ur tryin to teach me somethin. i'm baffled. fold.

 

[mafiaqueen]

uh, no. i wuz offerin u 80% of the value. wut are u talkin about ltv for if ur not the lender? only lenders offer those kinda LOANS. are u lendin money? if u OWN the prop, then why should u care how i get financed, whether it's owner occupied, or investor. jus as long as u get paid. fold.

I know, maybe I thru u off with the lingo, yes I own the property. And why do I care whether owner occupied or investor? I dont, but an investor is not gonna pay full price, a family will. Now if an investor wants to give me what I ask then I could careless what he duz with it. But the times I have flipped I always deal with investors as a last alternative cuz like I said, I want full price. Like now, if the people interested in the property cant get financed and the property just sits then after maybe 6-7 months I might have to either refi and rent it out or cut my losses and sell to an investor. See investors already have financing ready to go, but single families sometime cant get proper financing.

 

[mafiaqueen]

i can see,u kinda kno wut ur talkin about with the equity, but i don't understand how u can SELL a house owner occupied. that's on the BUYERS end. ur jus a seller. u set ur price, u try to get ur price. it's the buyer that has to qualify for investor or occupyin loans. unless u kno somethin i don't and ur tryin to teach me somethin. i'm baffled. fold.

Oh oh ok I see what u sayin....LOL. When I say "owner occupied" I mean the buyer of the property is going to live there! Like a single family. They just lookin for somethin in there budget that they like, their not concerned with equity, their equity comes with appreciation while there living there. An investor has no interest in a property he has paid full price for. Even if he rents it out he wont be cash flowing shit so its more of a liability.

 

[mafiaqueen]

Its called an LLC or S-corp in Nevada or Florida(the 2 most lenient states when it comes to state tax and the IRS), one of my patnas handle shit like that out here in vegas

Yep u right. But what u do is refi it 80-90% LTV then pull that cash out and it just shows as a loan, not a gain. Then u dump it.

 

[T-Spoon]

i kno wut owner occupied means, i wuz jus wondering, ME as a buyer, why would it matter to YOU how i got financed. i kno tha "lingo". but the more i thought about it, i guess i kno wut ur talkin about. as an investor on my part, i'm goin to try to talk u down to 80% value on the home (lol) and i would get financed 100% of the VALUE, therefore usin the extra cash to fix up, or maybe so it's a no money down deal, is that y u threw that ltv in? if so, then okay, but i don't finance that way. i finance wutever u SELL it as, and i don't get my "rehab" financed, i use my own money. therefore i jus get financed wut u sell it to me for 80% . fold.

 

[mafiaqueen]

i kno wut owner occupied means, i wuz jus wondering, ME as a buyer, why would it matter to YOU how i got financed. i kno tha "lingo". but the more i thought about it, i guess i kno wut ur talkin about. as an investor on my part, i'm goin to try to talk u down to 80% value on the home (lol) and i would get financed 100% of the VALUE, therefore usin the extra cash to fix up, is that y u threw that ltv in? if so, then okay, but i don't finance that way. i finance wutever u SELL it as, and i don't get my "rehab" financed, i use my own money. therefore i jus get financed wut u sell it to me for 80% . fold.

Yeah I use my own money too, this was the first time I tried the hardmoney loan. And I dont care how u get your financing I think u still missing what I'm sayin. See, the property has already been rehabed...its turn-key. And an investor doesnt have to talk u down cuz its standard. As a seller, u advertise and market it to investors if thats what u tryna do they already know the drill. See u wholesale to the investor but u sell market value to the single family. Follow me? I been doin this since like 97. But I'm getting into multi family dwellings now.

 

[jmacc916]

Yep u right. But what u do is refi it 80-90% LTV then pull that cash out and it just shows as a loan, not a gain. Then u dump it.

Yea, or if u were really concerned with the IRS not seeing any kinda income from u or being able to tracc u down, u start an LLC in nevada(which is THE most lenient and confidential state when it comes to the IRS) and u run all your income through the LLC. Plus, nevada has no state tax and its laws allow u to do business any where in the world.
Even better, my nigga got a service out here which allows u to start the LLC, Ltd, or S-corp(whichever is best for u depending on the business, most people dealing with real estate find that an LLC best protects them) totally anonimous and get an EIN anonimous as well. All the money u makin goes straight to the LLC, and the IRS cant tracc shit bacc to u.

 

[BETO916]

While u cosigning, did u know this dead person u referring to or are u just a fan of this dead local rapper? You liked his music and u standing up for this nigga like a flag pole like he Pac or somethin. Internet niggaz! Like Katt said, there is a civil war goin on between real niggaz and bitch niggaz and u bitch niggaz are gettin stronger by the day.

I didnt co sign for shit, just statin the obvious.

LMAO@you quotin' katt williams like he was malcolm or something.

 

[T-Spoon]

Yeah I use my own money too, this was the first time I tried the hardmoney loan. And I dont care how u get your financing I think u still missing what I'm sayin. See, the property has already been rehabed...its turn-key. And an investor doesnt have to talk u down cuz its standard. As a seller, u advertise and market it to investors if thats what u tryna do they already know the drill. See u wholesale to the investor but u sell market value to the single family. Follow me? I been doin this since like 97. But I'm getting into multi family dwellings now.

thats my whole confusion with u, why would u "market" it to investors when it's already rehabbed? no investor will pay u 100% value of the home. fold.