Description

From this video: Jay Olshonsky: And I said, well, two things. One, you might want to actually get bids on it to figure out what someone will pay you. Maybe someone will pay you seven, maybe someone will pay you four. And then there's another ugly thing out there that everyone forgets and you said you had worked at banks, so you'll understand this and lot of people forget there's this ugly thing called "debt forgiveness tax". And whenever you have debt forgiveness, you then get to bankruptcies and work-outs and then other ways of handing properties back for investors that invest in the property and whether that's an individual investor or a large scale investor. There's so many issues going around right now. What does it look like when private capital steps in on real estate investment opportunities? Watch this to find out. Visit the GowerCrowd website for masses of free real estate syndication and investing resources and training: https://bit.ly/31pWtSx