Podcasts about forfeiture

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Best podcasts about forfeiture

Latest podcast episodes about forfeiture

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 57: Suttavibhaṅga, Pācittiya XXXIII & XXXIV

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Sep 8, 2022 37:34


This is Part 57 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 56: Suttavibhaṅga, Pācittiya XXX, XXXI & XXXII

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Sep 5, 2022 39:56


This is Part 56 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 55: Suttavibhaṅga, Pācittiya XXVII, XXVIII & XXIX

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Sep 4, 2022 45:56


This is Part 55 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 54: Suttavibhaṅga, Pācittiya XXIII, XXIV, XXV & XXVI

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Sep 2, 2022 43:54


This is Part 54 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 53: Suttavibhaṅga, Pācittiya XXI & XXII

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 31, 2022 49:21


This is Part 53 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 52: Suttavibhaṅga, Pācittiya XIX & XX

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 29, 2022 26:25


This is Part 52 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 51: Suttavibhaṅga, Pācittiya XVI, XVII & XVIII

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 27, 2022 33:54


This is Part 51 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 50: Suttavibhaṅga, Pācittiya XIV & XV

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 24, 2022 46:07


This is Part 50 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 49: Suttavibhaṅga, Pācittiya XII & XIII

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 20, 2022 38:55


This is Part 49 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 48: Suttavibhaṅga, Pācittiya IX, X & XI

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 18, 2022 33:35


This is Part 48 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 47: Suttavibhaṅga, Pācittiya VI, VII & VIII

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 16, 2022 73:12


This is Part 47 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 46: Suttavibhaṅga, Pācittiya IV & V

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 15, 2022 25:29


This is Part 46 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 45: Suttavibhaṅga, Pācittiya II & III

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 13, 2022 58:30


This is Part 45 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 44: Suttavibhaṅga, Pācittiya I

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 12, 2022 30:45


This is Part 44 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll begin reading "Pācittiya," the fifth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 43: Suttavibhaṅga, Nissaggiya XXVII, XXVIII, XXIX & XXX

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 9, 2022 61:28


This is Part 43 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll finish reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Good Vibes w/ Robert Alexander
episode 43 - Forfeiture

Good Vibes w/ Robert Alexander

Play Episode Listen Later Aug 8, 2022 19:16


In this episode I reflect on the current state of my life, my desire to change and what it means to me when unwanted change rears it's head in our lives. There is no real change without transparency so join me the conversation to continue to spread these Good Vibes! Questions/Comments? Write the show at ChatGoodVibes@gmail.com

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 21: Suttavibhaṅga, Nissaggiya XXIV, XXV & XXVI

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 8, 2022 37:15


This is Part 42 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 41: Suttavibhaṅga, Nissaggiya XXII & XXIII

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 6, 2022 56:13


This is Part 41 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 40: Suttavibhaṅga, Nissaggiya XIX, XX & XXI

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 3, 2022 40:05


This is Part 40 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 39: Suttavibhaṅga, Nissaggiya XVIII

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 2, 2022 52:38


This is Part 39 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 38: Suttavibhaṅga, Nissaggiya XVI & XVII

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Aug 1, 2022 29:26


This is Part 38 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 37: Suttavibhaṅga, Nissaggiya XII, XIII, XIV & XV

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Jul 31, 2022 41:47


This is Part 37 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 36: Suttavibhaṅga, Nissaggiya X & XI

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Jul 26, 2022 33:08


This is Part 36 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 35: Suttavibhaṅga, Nissaggiya VIII & IX

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Jul 24, 2022 45:25


This is Part 35 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 34: Suttavibhaṅga, Nissaggiya VI & VII

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Jul 23, 2022 41:50


This is Part 34 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 33: Suttavibhaṅga, Nissaggiya IV & V

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Jul 21, 2022 40:40


This is Part 33 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 32: Suttavibhaṅga, Nissaggiya II & III

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Jul 20, 2022 49:23


This is Part 32 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll continue reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Edward Reib's
Buddhist Books: TIPIṬAKA - Part 31: Suttavibhaṅga, Nissaggiya I

Edward Reib's "Buddhist Books" Podcast

Play Episode Listen Later Jul 18, 2022 43:35


This is Part 31 of my recital of the "Tipiṭaka," the "Three Baskets" of pre-sectarian Buddhism, as translated into English from the original Pali Language. In this episode, we'll begin reading "Nissaggiya," the fourth part of "Suttavibhaṅga," which is the first part of the "Vinaya Piṭaka," the first of the three "Piṭaka," or "Baskets." "Suttavibhaṅga" means "Rule Analysis," and "Nissaggiya" literally means "Forfeiture," referring to the rules of expiation involving forfeiture.

Your Brain on Facts
We Can't Have Nice Things - Radio Contests (ep. 193)

Your Brain on Facts

Play Episode Listen Later Apr 26, 2022 33:48


It's the return of our ocassional series, We Can't Have Nice Things.  This week, we look at radio contest and promotions that went badly wrong, often at the draft stage.  Free nude wedding anyone? 1-star review shirt! and shirt raising money for Ukraine Red Cross at yourbrainonfacts.com/merch 02:45 Radio Luxembourg's Ice Block Challenge 06:02 Bait & switch 10:12 Rules are rules 17:36 Review and news 20:40 No accounting for taste 22:15 Library of Chaos 27:27 Good, better, breast 30:08  Playing matchmaker  Links to all the research resources are on the website. Hang out with your fellow Brainiacs.  Reach out and touch Moxie on Facebook, Twitter,  or Instagram.  Become a patron of the podcast arts! Patreon or Ko-Fi.  Or buy the book and a shirt. Music: Kevin MacLeod, Bobby Richards . Canadian radio station AMP Radio in Calgary, caused a lot of buzz with a promotion called “Bank it or Burn it” which asked listeners to vote whether they should #BANK C$5,000 and give it away to a listener, or #BURN the money, literally. With 54% of the votes, the option to #BURN emerged victorious, and AMP Radio burned C$5,000 and put it on YouTube.   A YouTube video was posted of the station's morning show hosts throwing the bills into an incinerator.  AMP Radio defended their actions noting that businesses can easily spend C$5,000 on marketing in a week, and that their promotion has garnered a lot of talk, but at what price?  While this promotion received a lot of attention, the vast majority of it came from outraged Calgarians claiming that they would no longer be listening to station. However, that hasn't stopped AMP Radio from continuing the promotion.  The second phase is currently underway, and this time C$10,000 is at stake.   Radio stunts, and their shifty cousins, radio hoaxes, have been with us since the early days of broadcasting as a favorite marketing tool to gain listeners and advertising sponsors. Orson Welles' 1938 "War of the Worlds," caused widespread panic among listeners, who actually believed Martians were invading.  The fallout can range from disappointment to embarassment to property damage, crimes against the person, and even deaths.  You probably recall the incident in California in 2007 where a contest called Hold Your Wee for a Wii, where contestants had to drink a large volume of water and the last person to go to the bathroom would win a video game console, resulted in a woman's death from acute water intoxication.  New Yorkers are unlikely to forget the day "shock jocks" Opie and Anthony finally went too far with a contest that encouraged people to have sex in public, with one couple opting to have their dalience in St. Patrick's Cathedral.     Today's topic was voted on by our patrons, including our newest member Paul D and Pigeon and our All that and Brain Too supporters, David N and EmicationLikely, who just got a bonus mini dealing specifically with radio pranks while I struggle, and struggle it is, to confine this episode to promotions and contests.  The pranks go way, way worse.  Patrons get early, ad-free episodes, but you can also get a glimpse of next week's show and what it's like hanging out in the booth with me by following my tiktok; I've start live-streaming *some of the recording process.     There's nothing new under the sun and that applies to radio contests as much as anything else in life.  Take Radio Luxembourg's and the ice block expedition of 1958.  The challenge: to transport three metric tonnes of ice from the arctic circle to the equator, without the benefit of any form of refrigeration.  The prize was set at 100,000 francs per kilo of ice that made it to its destination as a solid, or about a million bucks per tonne in today's money.  Radio Luxembourg felt they could put their money where their mouth is since who could transport ice that far without refrigeration?  The contest drew fewer hopefuls than your average ‘say the phrase that pays' call-in, but the Norwegian company Glassvatt took them up on it.  A company that produced fiberglass insulation, incidentally, and is still in business today.     Ice was cut out of the Svartisen glacier in 200kg blocks, flown to the nearest town, and melted together into a single 3,050kg block of ice.  It was then wrapped in the company's signature glass wool and placed in an iron container on a truck donated by the Scania company and fueled with with gas donated by Shell.  This was an opportunity for publicity for everyone involved, not just the radio station.  Together with a film crew and a van full of equipment, they  expedition set off from the Norwegian city of Mo i Rana on February 22, 1959, stopping in Oslo to pick up over 600 lbs/300kg of medicine to schlep along to a hospital in Lambarene, Gabon, because when else was so much cold storage going to be going that way?   They made stops in Sweden, Denmark, Germany, Netherlands, Belgium, France, which was the comparatively easy bit, then on to Algeria, Niger, and finally Gabon.  That's when the going got tough.  Not a lot of paved roads across the desert, plus Algeria was in the midst of a civil war for independence from France.  Getting stuck in the sand was a frequent occurrence that cost them hours of digging-out time in the 120degF/50C heat, and their supply of water ironically rather limited.   It took a month a day, but they did it!  And the giant block of ice had only lost about 11% of its weight to melting, so even if Radio Luxemborg didn't pro-rate for partial tons, Glassvatt was still looking to collect about $2mil.  Except.  Radio Luxembourg had withdrawn the offer.  When an insulation company stepped up to their ‘move ice without refrigeration' challenge, Radio Luxembourg got cold feet, npi.  The cancellation wasn't the jerk move it sounds like; they actually called it off before the Glassvatt truck even set out.  Glassvatt decided to continue anyway, because even without the prize, it still seemed like good publicity.     That's really the name of the game, the whole reason radio stations do these things.  It's the aural equivalent of butts in seats.  You've got to entice the public to listen to your station over all their other options.  They can be cheaply run, these contests.  Folks my age probably won a bumper sticker, which costs the station very little, or some concert tickets, which often cost the station nothing since they come from the promoter.  But a constant need for contests means you've got to keep them interesting while not blowing through the promotions budget.  This leads some DJs to get creative and not in a good way.  Oh and a word about DJ.  My mom really wants me to refer to radio DJs as “on-air radio personalities” such as when I reference her background in FM radio in NY and FL in the 70's, because these days “DJ” means Skrillex types, but I can't be asked, so for today, they're all DJs.   In 2005, a Bakersfield, CA station announced they were giving away a Hummer to the person who could correctly guess the number of miles that two Hummers the station had had supposedly driven around the town during the course of a week.  The answer was 103.9, the same as the radio station's frequency, which one Shannon Castillo cleverly guessed.  She must have been on cloud 9 to have won herself a $60k vehicle, which if I were her I would sell because it would cost $60k in gas, so you can imagine her disappointment when she went to collect her prize and was handed a remote control car.  Castillo hired an attorney, and I don't blame her, who pointed out that the station had indicated that the vehicle had 22” rims, so either they were claiming it was a real vehicle or that was one jacked-up RC car.  Castillo sued the station for $60k, but as if often the case, lot of news outlets carry the initial story about the lawsuit, but nobody cared to report how it came out.  That's my research bug-bear.  Well, one of them.   A similar but 166% worse frustration was felt by that same year by Norreasha Gill, a KY woman who was the to the lucky tenth caller in a contest to win “100 grand.”  This was going to be life-changing!  She told her kids how they could finally buy a home of their own and have financial stability, so she probably saw red when she turned up at the station to collect her prize, only to be handed a 100 Grand candy bar.  I like caramel, rice crispies, and chocolate as much as the next person, probably more than a lot of next persons, but I totally agree with Gill suing the radio station for 100,000 actual dollars.   Pulling the wool over peoples' eyes is not only mean-spirited; it can also land businesses into all manner of trouble.  You can't say “it was just a joke” and go about your business.  A FL Hooters, not a radio station, I grant you, learned that lesson in 2001 when they held a contest among their waitstaff for most drinks sold, with the prize being a Toyota.  The winner was blindfolded and led out into the parking lot to discover her Toyota was a toy Yoda, a foot-tall figure of the puppet from Star Wars.  She quit and sued the owners of the franchise, settling out of court a year later.   Radio stations operate under the auspices of the Federal Communication Commission, and they have some pretty firm opinions about what shenanigans you can get up to if you want to do it on the broadcast airwaves.  The rules require a radio station fully and accurately disclose the material terms, aka the relevant details of the contest, which cannot be deceptive, misleading, or patently false, and then to follow through with those terms.  If you're talking about a contest on the air, you have to give the material terms on the air.  It's not good enough to say “we're giving away a hundred grand, see the website for more info” and on the website, admit that it's a candy bar, no siree.  No claiming it was just a joke if you made it out to be a legit contest.     The FCC fined a Kansaa station $4,000 for failing to announce all material terms of a contest, even though it was on the website, and for failure to comply with the terms for their Santa's Sack contest.  Listeners were to call in and guess what was in Santa's Sack and you'd win what was in the sack plus a teddy bear; seems simple enough.  A listener who guessed the sack held $1,000 was told she was wrong, but the next day, she heard someone else guess $1k and that person was proclaimed the winner.  The first caller complained to the station and when that went nowhere, filed a complaint with the FCC.  With the feds breathing down their necks –don't forget, the FCC isn't just about issuing fines, they can yank your broadcast license– the radio station claimed it was an innocent mix-up among the staff, some of whom included the value of the $10 teddy bear and some didn't, and that the rules were on their website.  The radio station then sent a check for $1,000 to the complainant, meaning they were out $5k over a $10 teddy bear and for want of a memo.     The FCC issued KDKA in Pennsylvania with a Notice of Apparent Liability for Forfeiture, a scary-sounding document that says “Look what you did!  I should take away your license for that.”  On Thanksgiving day 2007, a DJ, I assumed bored or annoyed at having to work a holiday, said that he'd give away $1,000,000 to the thirteenth caller and he'd do it once an hour.  A listener called and was told he was the thirteenth caller and was then placed on hold for 43 minutes before being put through to the DJ and immediately hung up on.  The station claimed that the on-air contest rules did not apply here because listeners should have realized it was a joke.  The FCC disagreed, since the DJ never said anything to indicate he wasn't serious, at one point saying it was “the real deal,” and he announced the “contest” *several times during his 3-hour show.  After finding that the on-air contest rules applied, the FCC smited them–smote?-- for the tag team of failure to announce the material terms *and failure to comply with said terms, i.e. pony up the dough, and fined the station $6,000.   An LA station got their own Notice of Apparent Liability for Forfeiture and $6k fine after they held a contest online with a drawing for tickets to the musical Les Miserables.  Their web site said the contest would run from 3:50 pm on May 29 to 8:50 pm on June 2.  A listener complained to the FCC after the station awarded the prize to three people at only 3:00.  Yer man must really have wanted to see Les Mis.  The radio station responded that the on-air contest rules didn't apply to its contest because the contest was exclusively online.  The FCC disagreed.  The rules apply to "all contests conducted by the licensee and broadcast to the public" and since the radio station had announced the contest several times on-air and told listeners who entered the contest to stay tuned, it was an on-air contest.   You don't necessarily need the FCC in your stable to hold a radio station's feet to the fire.  Just ask the folks at Singapore's Gold 905 after their big-money game “The Celebrity Name Drop.”  They made a montage of 14 celebrity voices, edited so that each celebrity said one word of “Gold 9-0-5, the station that sounds good, and makes you feel good.”  I couldn't find a clip of it, but if you do, hit up the soc meds or post it in soc.   To win $10,000, the caller had to correctly identify each voice in order.  It took a skilled ear, as well as listening out for other people's right and wrong guesses.  Muhammad Shalehan thought he had it after a month of puzzling and repeatedly trying to get through the phone lines, but when he read his list of names, the DJ said he got one wrong.  A few weeks later, Gold905 declared they had their winner, one Jerome Tan, and that was a wrap.     Except.  Listeners jumped on the station's FB page, pointing out that Shalehan had given the right answer more than two weeks earlier.  Mediacorp, the station;s parent company, said that Shalehan's attempt was invalidated because he failed to pronounce the string of celebrity names accurately, specifically that of Tony Hadley of Spandau Ballet.  So Muhammad went to the mountain or in this case, the internet, whereby Shelahan was able to locate Hadley's management and ask if they could help.  He then got a video from Hadley himself, confirming that, while Muhammad Shalehan has a “slight accent,” he had, in fact, “pronounced my name absolutely correctly.”   Armed now with some pretty bitchin' evidence, Shalehan went back to the station again.  After viewing Hadley's video, Mediacorp …. still refused to pay out. [sfx]  But they offered to make a “goodwill gesture” of $5,000.  By then, the online community, a barely-controlled and badly-tempered beast on the best of days, was having none of it, making for some long work-days for the PR department.  Finally, Mediacorp relented and paid Muhammad Shalehan the full $10k.     MIDROLL  don't forget ad sting   If these stories haven't made you face-palm and ask “what were they thinking,” I'd bet my mortgage one of these will.  Strap in, kids.  The tragic Hold Your Wee for a Wii contest wasn't the first or only radio station promotion to involve urine.   In 1999, KOMP 92.3-FM of Las Vegas DJ Greg McFarlane was trying to think up a novel approach to give away some Mötley Crüe tickets.  His first idea was to have contestants re-enact the Pamela Anderson-Tommy Lee sex tape live on-air, fully clothes of course; wouldn't want to be in bad taste.  Idea number 2: make contestants drink their own urine.  Y'all 1999.  What was the value in seeing Motley Crue in 1999?  That cheese had been moldy for years.  Three die-hard fans actually came into the studio, then lost their nerve when confronted with the fact that McFarlane was in no way kidding.  Then, in McFarlane's own words, “The fourth guy walks in, pushes everyone out of the way and throws it down like it was Pepsi.”  So concert tickets for guy #4 and an empty cardboard box to McFarlane, to gather his personal effects because he's just been sacked.   Hey, remind me to check my stats and see how many people jumped ship in the last 60 seconds.  For those still with me, we go now to a library in Ft Worth, TX, where the staff suddenly found themselves terrorized by crowds of people ransacking the stacks.  Unbeknownst to them, a KYNG DJ thought it would be a keen idea to announce that he had hidden $100 in $5 and $10 bills between pages of books in the library's fiction section.  Even adjusted for inflation, that's just under $200 to try to outcompete hundreds of other people for.   "People started climbing the bookshelves; they started climbing on each other, and books became airborne," library spokeswoman Marsha Anderson said, adding that 3k books had been thrown on the floor and some ended up ripped and with broken spines.  Count the books on your nearest bookcase or shelf.  How many of those would need to get to 3k?  That's a lot of damage!   Do I need to say that the library has an amount of heads-up from the radio station and that amount was none, or did you just assume because what librarian would agree to that?  More than 500 people stampeded through the Fort Worth Central Library looking for the money.  There was money in the library – the station claimed it was $100 and that was the only amount it was ever said to be, whereas a number of people in the money-mob thought it was as high as $10k.  A KYNG spokesman said the DJ was only trying to boost public interest in the library by giving away about $100, and they had no idea where people got the $10k idea.  That was after the fact of course.  In the moment, it was the librarians who had to handle the situation...because they couldn't get ahold of anyone at the radio station.  They told the crowd the only thing that could possibly make them stop looking – that someone already found the money and had just left.     Sometimes it's not judgment that's wobbly; it's taste, subjective as that may be.  BRMB in Birmingham, England ran a contest where they would pay for the winner's wedding, which as anyone less clever than my hillbilly butt getting married in my own yard both times can tell you can really run into money.  There was, of course, a catch.  The station reserved one creative right for the wedding that the station paid for.  This wedding had to be conducted au naturale.  In the buff.  Nude.  At a minimum, the happy couple had to be in all their glory; don't know if there was a maximum.  The lucky couple, who won by listener vote, had been together for eleven years, attributing their long engagement to the cost of the wedding.  Again, back yard, it's free.  The station paid all the expenses and the bride and groom held up their end…as it were, though the bride had her veil and the groom used a top hat as a fig leaf.   Your other why-is-this-so-expensive life event would come just after the end of your life, your funeral.  It costs as much as a decent used car and you don't even get to enjoy it.  Half of that would be handled if you won the contest offered by Radio Galaxy in Germany – they'd pay for your funeral, provided your funeral cost less than 3000 Euro and a modest one could.  Listeners sent in their own epitaphs, that being the words on their tombstone, like how Winston Churchill's says “I am ready to meet my Maker. Whether my Maker is prepared for the great ordeal of meeting me is another matter.”  But you can't have a party without a party-pooper and the radio station was hit was a lawsuit from the Association of German Undertakers.  Also in Germany, station RTL 89.0 wanted to give away a Mini Cooper, but couldn't apparently be asked to put a lot of effort, or forethought, into it.  They just said, pull off the most amazing stunt.  Because that's safe.  Whatever the other entries were paled in comparison to the stunt submitted by the eventual winner – he would have the word mini tattooed on … how to put this delicately?... onto an appendage which most gentlemen would find distressing to have labeled “mini.”  The winner, Andreas Muller, went through with it, live on air with the female host looking on.  Can you imagine if the station refused to give him the car though?   That kind of personal touch would have been right up the alley of the folks at WDVE 102.5 in Pittsburgh.  Every year, for the festive holiday season, they hold a "Breast Christmas Ever."  Yep, they foot the bill for breast enhancement surgery.  To the surprise of no one, the event has come under fire from both feminist groups and health care advocates, who should like us to remember a boob job is surgery and surgery carries risk.  But sometimes, even the tackiest contest isn't as bad as it seems - there's always a silver lining if we look for it.  A Calgary station did a similar give-away and the winner, by popular vote, was a 19 year old trans-female listener who was quotes as saying having breast implants would mean she wouldn't "have to face so much bigotry on a daily basis."   Ottawa radio station Hot 89.9 looked at all that and said Hold My Molson's.  They put on a “Win a baby!” contest.  Specifically, they would pay for up to three rounds of in-vitro fertility treatment up to $35,000.  The contest drew criticism like jellowjackets at a cook-out, but it wasn't without redemption – it brought attention to the issue of IVF funding in Ontario just before voters head to the polls to vote if the provincial government should be required to pay it like other health care.   Said Beverly Hanck, executive director of the Infertility Awareness Association of Canada, “The station is clearly, clearly capitalizing on vulnerable patients that are desperate to have a family.”  The fact that couples have to turn to a radio contest at all points to a “sad state of affairs” in Ontario, she added.   Morning show host Jeff Mauler said the contest was intended to appeal to the station's 24 to 54 year old demographic, but that it has opened up a dialogue about an issue that is “more common than you think.”  “Anyone who complains is lucky enough to have kids or doesn't want kids,” Mauler said. “Anyone in the struggle doesn't slam the contest.” Common enough that more than 400 couples applied for the contest, which they launched on Labor Day.  Because of course they did.   If babies aren't your thing, how about a full-grown human woman?  Edmonton's the Bear FM also poked the bear with their contest to win a Russian bride.  The Bear partnered with an on-line matchmaking service that connects Russian women with foreign husbands.  Problem the first: eww.  Problem the close second: it's not uncommon for women you can meet through such services being exploited.  Employment and Immigration Minister Thomas Lukaszuk found the contest so offensive, he pulled his ministry's advertising from the station.  The prize included a free two-week trip to Russia, and $500 spending money.     New Zealand radio station The Rock FM sponsored their own contest in which the winner would be flown to the Ukraine to pick a bride from an agency, originally called “Win a Wife.”  When people complained, they changed it to “Win A Trip To Beautiful Ukraine For 12 Nights And Meet Eastern European Hot Lady Who Maybe One Day You Marry.”  Well, does what it says on the tin.  This is the same station that, when they needed a contest for Valentine's Day 2012, crab-walked around love and instead offered to cover all the costs of one lucky couple's divorce.  Asterisk, you had to drop the Big D bombshell on them live on the air.  Who says romance is dead?  No one who's watching OFMD on a binge loop for the last 9 days…not that I know anyone like that.  It's just a hypothetical.  An offly specific hypothetical   If you're thinking to yourself, it can't get worse than that, you haven't been paying attention.  Again in Canada (it's always the quiet ones), a Halifax radio station q104 put on a foreign bride contest.  The contest, which would send the winner to Prague, closed on March 8, International Women's Day.  The program director JC Douglad said firmly that there was no sexual connotatioin to the contest.  The men are promised dates with women in the Czech Republic, but they station made no warranty, express or implied, as to how those dates will go.  Okay, sure, but you've kind of undermined your position by calling it the "Male is in the Czech," didntcha?   And that's…AMP Radio defended their actions noting that businesses can easily spend C$5,000 on marketing in a week, and that their promotion has garnered a lot of talk, so it was kind of the same thing.  While a lot of Calgarians vowed to stop listening, then went on to do it again, this time with $10,000. this podcast remember thanks  

Romantic Truth ❤️ Podcast
Relationship longevity, baggage, forfeiture, and the black and white sheep of the family

Romantic Truth ❤️ Podcast

Play Episode Listen Later Apr 14, 2022 73:26


This episode covers Relationship longevity, baggage, forfeiture, and the black and white sheep of the family --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/romantictruth/message Support this podcast: https://anchor.fm/romantictruth/support

Daily Crypto Newscast
U.S. prosecutors secures $34 million crypto assets forfeiture

Daily Crypto Newscast

Play Episode Listen Later Apr 5, 2022 3:04


The US Department of Justice had announced that it had secured the biggest cryptocurrency forfeiture after a South Florida resident forfeited $34 million worth of cryptocurrency tied to illegal dark web activities. Federal prosecutors in the Southern District of Florida filed the civil forfeiture complaint and were successful. US gets biggest crypto forfeiture This came after identifying the unnamed resident involved in the large-scale sale of illegal items on several dark web marketplaces. Not only that the person also hacked online account information of popular services such as Uber, Netflix, and HBO, among others. The statement from the DOJ further explained that the individual used The Onion Router (TOR) to access the Dark Web. They were able to hide the sources of the funds and almost launder successfully by using “tumblers,” which are cryptocurrency mixers. This, along with illegal money transmitters, made it possible for the person to perpetrate illegal activities. DOJ and other law enforcement agents show they can tackle crypto crimes While over 90% of crypto activities are legal, even if unregulated, many bad actors try to take advantage of the features that make crypto better. Also, the rise of ransomware attacks last year and the conflict between Russia and Ukraine have led to an increased focus on crypto and its uses. Though the crypto community has assured that it would be almost impossible for Russia to circumvent the sanctions being imposed on it via crypto, law enforcement agencies and financial regulators, however, have chosen to intensify their efforts in policing the activities within the crypto space. This, inadvertently, would lead to a more secured and investor-friendly industry. Interestingly, the federal law agents recently arrested two men involved in the Frosties NFT rug pull and will be prosecuting them. Germany seizes Bitcoin tranche It's not only the US that's going after crypto linked to illegal activities. Just today, Germany announced that it has shut down the Russian darknet marketplace (DNM), Hydra, and seized Bitcoin worth $25 million. Hydra has been in existence since 2015 and per available data accounts for around 80% of the entire market share of DNMs. The marketplace has more than 19,000 vendors' accounts selling everything from narcotics to fake identities to its 17 million customers. In 2020 alone, it had a trading volume of at least $1.2 billion. According to the BKA federal police, several institutions including US agencies were involved in the investigation which started in August 2021.

Immigration Review
Ep. 93 - Precedential Decisions from 1/31/2022 - 2/6/2022 (reasonable fear review; Chinese christians & asylum; deficient NTAs & in absentia removal order reopening; circumstance specific approach; amount of loss; forfeiture; particularly serious

Immigration Review

Play Episode Listen Later Feb 7, 2022 29:11


[2:13] Tomas-Ramos v. Garland, No. 20-1201 (4th Cir. Feb. 2, 2022) reasonable fear review; standard of review; facially legitimate and bona fide reason; family-based particular social group; relocation; gangs; Guatemala  [11:00] He v. Garland, No. 20-1328 (8th Cir. Feb. 4, 2022)asylum; past persecution; well-founded fear of persecution; house church; inability to practice religion; Christian; China[14:32] Singh v. Garland, No. 20-70050 (9th Cir. Feb. 4, 2022)in absentia motion to reopen; deficient NTA; statutory interpretation; Rodriguez; Laparra[19:14] Matter of F-R-A-, 28 I&N Dec. 460 (BIA 2022)circumstance specific approach; amount of loss; INA § 101(a)(43)(M)(i); restitution; forfeiture under 18 U.S.C. § 981(a)(1)(C); conspiracy; victim identity; reliability of evidence; INA § 101(a)(43)(U); particularly serious crime; Ghana *Sponsors and friends of the podcast!Kurzban Kurzban Tetzeli and Pratt P.A.www.kktplaw.com/Immigration, serious injury, and business lawyers serving clients in Florida, California, and all over the world for over 40 years.Docketwisewww.docketwise.com/immigration-review"Modern immigration software & case management"Want to become a patron of Immigration Review? Click here to check out our Patreon Page!CONTACT INFORMATIONEmail: kgregg@kktplaw.comFacebook: "Immigration Review Podcast" or @immigrationreviewInstagram: @immigrationreviewTwitter: @immreviewClick here to learn about your host!Click here for more episodes!Click here for case notes!Featured in the top 15 of Immigration Podcast in the U.S.! DISCLAIMER: Immigration Review® is a podcast made available for educational purposes only. It does not provide specific legal advice. Rather, the Immigration Review® podcast offers general information and insights regarding recent immigration cases from publicly available sources. By accessing and listening to the podcast, you understand that there is no attorney-client relationship between you and the podcast host. The Immigration Review® podcast should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. MUSIC CREDITS: "Loopster," "Bass Vibes," "Chill Wave," and "Funk Game Loop" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.Support the show (https://www.patreon.com/immigrationreview)

Van Velden-Duffey Legal News
VVD Should an extra-marital affair lead to the forfeiture of the benefits of a marriage in community of property in the case of a divorce

Van Velden-Duffey Legal News

Play Episode Listen Later Jan 26, 2022 11:15


VVD Should an extra-marital affair lead to the forfeiture of the benefits of a marriage in community of property in the case of a divorce

PokerFraudAlert - Druff & Friends
Poker Fraud Alert Radio - 01/23/2022 - Tornado of Texas Topics

PokerFraudAlert - Druff & Friends

Play Episode Listen Later Jan 23, 2022


(Topic begins at 0:20:25 mark): Security guard at Legends Poker Room in Houston foils armed robbery, 12 shots fired.... (0:49:08): Texas Card House in Dallas gets business license revoked -- is this the beginning of the end for Texas poker?.... (1:12:54): Player flips over opponent's hand before it's over while on live stream at Texas Card House.... (1:41:23): Poker Fraud Alert Radio snubbed again by GPI awards.... (2:09:09): Druffytime Theater: American Express tried to scam Druff in 2004, but he got assistance from an unlikely source.... (2:50:32): Adele cancels entire early 2022 Caesars Las Vegas residency, but is she telling the truth about why?.... (3:21:36): Mojave Desert and Las Vegas History: The Flamingo.... (4:01:11): Louie Anderson, who passed away this week, had a connection to both poker and PFA.... (4:31:38): Latest civil forfeiture abuse targeted legal marijuana company.... (4:54:19): NFT Fraud Alert: Controversial influencer "Beanie" accused of lots of scamming.... (5:39:56): The good and bad news about Omicron.

The Creative Financing Podcast
pt.2 Lease Options And How To Use Them

The Creative Financing Podcast

Play Episode Listen Later Dec 6, 2021 46:42


#194: pt.2 Lease Options And How To Use Them Scenarios in which you want to use lease options vs contract for deed.  Avoid hefty title transfer fees and tax. Forfeiture process/time frame to extensive vs eviction process. Able to control the property without ownership. Less down, option deposit and/or security deposit no big down payment.   Example of wholesaling a Lease Option-  SFH worth 550K Buy on lease option for 505K with 2K down. Find a tenant buyer for 522K with 17K down. With 2K monthly lease payment. Take 15K as a wholesale fee.   Master lease option example- best to use on investment properties with value add opportunity. Where you have a lease with the owner and can sublease the units. Owner is responsible for capital repairs/expenses, taxes, and insurance. The owner no longer has to manage the property or hire a management company.    Example 20 unit apartment building, 10- 2beds 10- 1beds by a university. 150K in deferred maintenance. Owner will have a large tax consequence when he sells because he depreciated it over 27.5 years. The heirs want him to hold the property till death to avoid tax consequences. Rents are below market and can be increased. Charge pet rents. Chargeback sewer/water/garbage to tenants, add storage units, ect. Offer to pay 80K as option deposit.

The Creative Financing Podcast
pt.1 Lease Options And How To Use Them

The Creative Financing Podcast

Play Episode Listen Later Nov 29, 2021 36:14


#193: pt.1 Lease Options And How To Use Them Scenarios in which you want to use lease options vs contract for deed.  Avoid hefty title transfer fees and tax. Forfeiture process/time frame to extensive vs eviction process. Able to control the property without ownership. Less down, option deposit and/or security deposit no big down payment.   Example of wholesaling a Lease Option-  SFH worth 550K Buy on lease option for 505K with 2K down. Find a tenant buyer for 522K with 17K down. With 2K monthly lease payment. Take 15K as a wholesale fee.   Master lease option example- best to use on investment properties with value add opportunity. Where you have a lease with the owner and can sublease the units. Owner is responsible for capital repairs/expenses, taxes, and insurance. The owner no longer has to manage the property or hire a management company.    Example 20 unit apartment building, 10- 2beds 10- 1beds by a university. 150K in deferred maintenance. Owner will have a large tax consequence when he sells because he depreciated it over 27.5 years. The heirs want him to hold the property till death to avoid tax consequences. Rents are below market and can be increased. Charge pet rents. Chargeback sewer/water/garbage to tenants, add storage units, ect. Offer to pay 80K as option deposit.

The Creative Financing Podcast
pt.11 Understanding Creative Financing; All The Strategies

The Creative Financing Podcast

Play Episode Listen Later Nov 22, 2021 29:15


In this series we talk about understanding creative financing, the strategies used, and the pro's and con's of each. Here are the different strategies and how they pertain to the following …   Title Transfer  Foreclosure Taxes Due on Sale Clause Maintenance and Repairs,  Closing and Transfer tax   Lease Options- No title transfer, so no closing or transfer tax, no foreclosure, only eviction. No Due on sale. Maintenance can be passed on to the tenant. Taxes are typically paid by the Landlord. Contract For Deed/Land Contract- No title transfer, there is typically a closing but no transfer tax until the contract is fulfilled. No foreclosure just a Forfeiture process, which differs state to state. Taxes paid by Buyer, Buyer responsible for maintenance and repairs because this is a sale. 1st position Trust Deed and Note- Only used when property is free and clear. Title does transfer, so there is a closing and transfer tax if applicable by state.  Foreclosure process. Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the property was free and clear. Seller Subordination- Title does transfer,so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the first mortgage should be paid off at closing. .  All Inclusive Trust Deed/Wrap Around Mortgage- Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. There is a Due on Sale because there is an existing loan in place. Subject-To- there is no recourse for the Seller to take back the property. Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs.. There is a Due on Sale because of the existing loan in place.

The Creative Financing Podcast
pt.10 Understanding Creative Financing; All The Strategies

The Creative Financing Podcast

Play Episode Listen Later Nov 15, 2021 27:50


In this series we talk about understanding creative financing, the strategies used, and the pro's and con's of each. Here are the different strategies and how they pertain to the following …   Title Transfer  Foreclosure Taxes Due on Sale Clause Maintenance and Repairs,  Closing and Transfer tax   Lease Options- No title transfer, so no closing or transfer tax, no foreclosure, only eviction. No Due on sale. Maintenance can be passed on to the tenant. Taxes are typically paid by the Landlord. Contract For Deed/Land Contract- No title transfer, there is typically a closing but no transfer tax until the contract is fulfilled. No foreclosure just a Forfeiture process, which differs state to state. Taxes paid by Buyer, Buyer responsible for maintenance and repairs because this is a sale. 1st position Trust Deed and Note- Only used when property is free and clear. Title does transfer, so there is a closing and transfer tax if applicable by state.  Foreclosure process. Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the property was free and clear. Seller Subordination- Title does transfer,so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the first mortgage should be paid off at closing. .  All Inclusive Trust Deed/Wrap Around Mortgage- Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. There is a Due on Sale because there is an existing loan in place. Subject-To- there is no recourse for the Seller to take back the property. Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs.. There is a Due on Sale because of the existing loan in place.

The Creative Financing Podcast
pt. 9 Understanding Creative Financing; All The Strategies

The Creative Financing Podcast

Play Episode Listen Later Nov 8, 2021 36:27


In this series we talk about understanding creative financing, the strategies used, and the pro's and con's of each. Here are the different strategies and how they pertain to the following …   Title Transfer  Foreclosure Taxes Due on Sale Clause Maintenance and Repairs,  Closing and Transfer tax   Lease Options- No title transfer, so no closing or transfer tax, no foreclosure, only eviction. No Due on sale. Maintenance can be passed on to the tenant. Taxes are typically paid by the Landlord. Contract For Deed/Land Contract- No title transfer, there is typically a closing but no transfer tax until the contract is fulfilled. No foreclosure just a Forfeiture process, which differs state to state. Taxes paid by Buyer, Buyer responsible for maintenance and repairs because this is a sale. 1st position Trust Deed and Note- Only used when property is free and clear. Title does transfer, so there is a closing and transfer tax if applicable by state.  Foreclosure process. Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the property was free and clear. Seller Subordination- Title does transfer,so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the first mortgage should be paid off at closing. .  All Inclusive Trust Deed/Wrap Around Mortgage- Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. There is a Due on Sale because there is an existing loan in place. Subject-To- there is no recourse for the Seller to take back the property. Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs.. There is a Due on Sale because of the existing loan in place.   We use an example of a property with 4 single family homes on one lot. It needs about 60K in repairs, the seller is asking 110K and owns it free and clear. It can rent for 2400/month with an estimated expense of 800/month, which leaves 1600 in monthly cash flow. We can offer the Seller 750/month principle only. Now with the amount needed in repairs we need to get in light, say 5K, then refinance the property as soon as possible after repairs are complete, in order to recapture our capital. So what strategy do we use? We would just use a 1st position trust deed and note because it's free and clear.     Now Let's say there is a debt of 40K with 550/month payment. Then what? Well we can still offer 750/month, with wrapping their exact loan terms and offer 200 in principal only payments on a second note for the balance of their equity. This is where we would use an All inclusive trust deed and note or wrap around mortgage as our strategy.    Wrap Around Mortgage: 1 Note Example: Property info-  SFH with ARV of $250K. Owes 57K. Payment 635/m PITI. Rented for $675. Could rent for 1400/month. Needs 25K in repairs. Cash offer at $165K.    Offered 180K PP. 9K down.  New note $171K @ 2.5% 850/m principle and interest. Term 3.5 years. Balloon 149,351.    Wholesale to a landlord for $201K with $30K down.    Wrap Around Mortgage: 2 Notes Example: Create 1 note for exact terms of the existing note on the property. So 57K principle, same interest rate and term with same amortization schedule. Second note-  114K principle with 225/month principal only payments for 42 months. Balloon of 104,550 on seco

The Creative Financing Podcast
pt.8 Understanding Creative Financing; All The Strategies

The Creative Financing Podcast

Play Episode Listen Later Nov 1, 2021 28:45


In this series we talk about understanding creative financing, the strategies used, and the pro's and con's of each. Here are the different strategies and how they pertain to the following …   Title Transfer  Foreclosure Taxes Due on Sale Clause Maintenance and Repairs,  Closing and Transfer tax   Lease Options- No title transfer, so no closing or transfer tax, no foreclosure, only eviction. No Due on sale. Maintenance can be passed on to the tenant. Taxes are typically paid by the Landlord. Contract For Deed/Land Contract- No title transfer, there is typically a closing but no transfer tax until the contract is fulfilled. No foreclosure just a Forfeiture process, which differs state to state. Taxes paid by Buyer, Buyer responsible for maintenance and repairs because this is a sale. 1st position Trust Deed and Note- Only used when property is free and clear. Title does transfer, so there is a closing and transfer tax if applicable by state.  Foreclosure process. Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the property was free and clear. Seller Subordination- Title does transfer,so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the first mortgage should be paid off at closing. .  All Inclusive Trust Deed/Wrap Around Mortgage- Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. There is a Due on Sale because there is an existing loan in place. Subject-To- there is no recourse for the Seller to take back the property. Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs.. There is a Due on Sale because of the existing loan in place.   We use an example of a property with 4 single family homes on one lot. It needs about 60K in repairs, the seller is asking 110K and owns it free and clear. It can rent for 2400/month with an estimated expense of 800/month, which leaves 1600 in monthly cash flow. We can offer the Seller 750/month principle only. Now with the amount needed in repairs we need to get in light, say 5K, then refinance the property as soon as possible after repairs are complete, in order to recapture our capital. So what strategy do we use? We would just use a 1st position trust deed and note because it's free and clear.     Now Let's say there is a debt of 40K with 550/month payment. Then what? Well we can still offer 750/month, with wrapping their exact loan terms and offer 200 in principal only payments on a second note for the balance of their equity. This is where we would use an All inclusive trust deed and note or wrap around mortgage as our strategy.    Wrap Around Mortgage: 1 Note Example: Property info-  SFH with ARV of $250K. Owes 57K. Payment 635/m PITI. Rented for $675. Could rent for 1400/month. Needs 25K in repairs. Cash offer at $165K.    Offered 180K PP. 9K down.  New note $171K @ 2.5% 850/m principle and interest. Term 3.5 years. Balloon 149,351.    Wholesale to a landlord for $201K with $30K down.    Wrap Around Mortgage: 2 Notes Example: Create 1 note for exact terms of the existing note on the property. So 57K principle, same interest rate and term with same amortization schedule. Second note-  114K principle with 225/month principal only payments for 42 months. Balloon of 104,550 on seco

The Creative Financing Podcast
pt.7 Understanding Creative Financing; All The Strategies

The Creative Financing Podcast

Play Episode Listen Later Oct 25, 2021 27:28


In this series we talk about understanding creative financing, the strategies used, and the pro's and con's of each. Here are the different strategies and how they pertain to the following …   Title Transfer  Foreclosure Taxes Due on Sale Clause Maintenance and Repairs,  Closing and Transfer tax   Lease Options- No title transfer, so no closing or transfer tax, no foreclosure, only eviction. No Due on sale. Maintenance can be passed on to the tenant. Taxes are typically paid by the Landlord. Contract For Deed/Land Contract- No title transfer, there is typically a closing but no transfer tax until the contract is fulfilled. No foreclosure just a Forfeiture process, which differs state to state. Taxes paid by Buyer, Buyer responsible for maintenance and repairs because this is a sale. 1st position Trust Deed and Note- Only used when property is free and clear. Title does transfer, so there is a closing and transfer tax if applicable by state.  Foreclosure process. Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the property was free and clear. Seller Subordination- Title does transfer,so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the first mortgage should be paid off at closing. .  All Inclusive Trust Deed/Wrap Around Mortgage- Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. There is a Due on Sale because there is an existing loan in place. Subject-To- there is no recourse for the Seller to take back the property. Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs.. There is a Due on Sale because of the existing loan in place.   We use an example of a property with 4 single family homes on one lot. It needs about 60K in repairs, the seller is asking 110K and owns it free and clear. It can rent for 2400/month with an estimated expense of 800/month, which leaves 1600 in monthly cash flow. We can offer the Seller 750/month principle only. Now with the amount needed in repairs we need to get in light, say 5K, then refinance the property as soon as possible after repairs are complete, in order to recapture our capital. So what strategy do we use? We would just use a 1st position trust deed and note because it's free and clear.     Now Let's say there is a debt of 40K with 550/month payment. Then what? Well we can still offer 750/month, with wrapping their exact loan terms and offer 200 in principal only payments on a second note for the balance of their equity. This is where we would use an All inclusive trust deed and note or wrap around mortgage as our strategy.    Wrap Around Mortgage: 1 Note Example: Property info-  SFH with ARV of $250K. Owes 57K. Payment 635/m PITI. Rented for $675. Could rent for 1400/month. Needs 25K in repairs. Cash offer at $165K.    Offered 180K PP. 9K down.  New note $171K @ 2.5% 850/m principle and interest. Term 3.5 years. Balloon 149,351.    Wholesale to a landlord for $201K with $30K down.    Wrap Around Mortgage: 2 Notes Example: Create 1 note for exact terms of the existing note on the property. So 57K principle, same interest rate and term with same amortization schedule. Second note-  114K principle with 225/month principal only payments for 42 months. Balloon of 104,550 on seco

The Creative Financing Podcast
pt.6 Understanding Creative Financing; All The Strategies

The Creative Financing Podcast

Play Episode Listen Later Oct 18, 2021 29:56


In this series we talk about understanding creative financing, the strategies used, and the pro's and con's of each. Here are the different strategies and how they pertain to the following …   Title Transfer  Foreclosure Taxes Due on Sale Clause Maintenance and Repairs,  Closing and Transfer tax   Lease Options- No title transfer, so no closing or transfer tax, no foreclosure, only eviction. No Due on sale. Maintenance can be passed on to the tenant. Taxes are typically paid by the Landlord. Contract For Deed/Land Contract- No title transfer, there is typically a closing but no transfer tax until the contract is fulfilled. No foreclosure just a Forfeiture process, which differs state to state. Taxes paid by Buyer, Buyer responsible for maintenance and repairs because this is a sale. 1st position Trust Deed and Note- Only used when property is free and clear. Title does transfer, so there is a closing and transfer tax if applicable by state.  Foreclosure process. Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the property was free and clear. Seller Subordination- Title does transfer,so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the first mortgage should be paid off at closing. .  All Inclusive Trust Deed/Wrap Around Mortgage- Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. There is a Due on Sale because there is an existing loan in place. Subject-To- there is no recourse for the Seller to take back the property. Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs.. There is a Due on Sale because of the existing loan in place.   We use an example of a property with 4 single family homes on one lot. It needs about 60K in repairs, the seller is asking 110K and owns it free and clear. It can rent for 2400/month with an estimated expense of 800/month, which leaves 1600 in monthly cash flow. We can offer the Seller 750/month principle only. Now with the amount needed in repairs we need to get in light, say 5K, then refinance the property as soon as possible after repairs are complete, in order to recapture our capital. So what strategy do we use? We would just use a 1st position trust deed and note because it's free and clear.     Now Let's say there is a debt of 40K with 550/month payment. Then what? Well we can still offer 750/month, with wrapping their exact loan terms and offer 200 in principal only payments on a second note for the balance of their equity. This is where we would use an All inclusive trust deed and note or wrap around mortgage as our strategy.    Wrap Around Mortgage: 1 Note Example: Property info-  SFH with ARV of $250K. Owes 57K. Payment 635/m PITI. Rented for $675. Could rent for 1400/month. Needs 25K in repairs. Cash offer at $165K.    Offered 180K PP. 9K down.  New note $171K @ 2.5% 850/m principle and interest. Term 3.5 years. Balloon 149,351.    Wholesale to a landlord for $201K with $30K down.    Wrap Around Mortgage: 2 Notes Example: Create 1 note for exact terms of the existing note on the property. So 57K principle, same interest rate and term with same amortization schedule. Second note-  114K principle with 225/month principal only payments for 42 months. Balloon of 104,550 on seco

The Creative Financing Podcast
pt. 5 Understanding Creative Financing; All The Strategies

The Creative Financing Podcast

Play Episode Listen Later Oct 11, 2021 26:37


In this series we talk about understanding creative financing, the strategies used, and the pro's and con's of each. Here are the different strategies and how they pertain to the following …   Title Transfer  Foreclosure Taxes Due on Sale Clause Maintenance and Repairs,  Closing and Transfer tax   Lease Options- No title transfer, so no closing or transfer tax, no foreclosure, only eviction. No Due on sale. Maintenance can be passed on to the tenant. Taxes are typically paid by the Landlord. Contract For Deed/Land Contract- No title transfer, there is typically a closing but no transfer tax until the contract is fulfilled. No foreclosure just a Forfeiture process, which differs state to state. Taxes paid by Buyer, Buyer responsible for maintenance and repairs because this is a sale. 1st position Trust Deed and Note- Only used when property is free and clear. Title does transfer, so there is a closing and transfer tax if applicable by state.  Foreclosure process. Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the property was free and clear. Seller Subordination- Title does transfer,so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the first mortgage should be paid off at closing. .  All Inclusive Trust Deed/Wrap Around Mortgage- Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. There is a Due on Sale because there is an existing loan in place. Subject-To- there is no recourse for the Seller to take back the property. Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs.. There is a Due on Sale because of the existing loan in place.   We use an example of a property with 4 single family homes on one lot. It needs about 60K in repairs, the seller is asking 110K and owns it free and clear. It can rent for 2400/month with an estimated expense of 800/month, which leaves 1600 in monthly cash flow. We can offer the Seller 750/month principle only. Now with the amount needed in repairs we need to get in light, say 5K, then refinance the property as soon as possible after repairs are complete, in order to recapture our capital. So what strategy do we use? We would just use a 1st position trust deed and note because it's free and clear.     Now Let's say there is a debt of 40K with 550/month payment. Then what? Well we can still offer 750/month, with wrapping their exact loan terms and offer 200 in principal only payments on a second note for the balance of their equity. This is where we would use an All inclusive trust deed and note or wrap around mortgage as our strategy.    Wrap Around Mortgage: 1 Note Example: Property info-  SFH with ARV of $250K. Owes 57K. Payment 635/m PITI. Rented for $675. Could rent for 1400/month. Needs 25K in repairs. Cash offer at $165K.    Offered 180K PP. 9K down.  New note $171K @ 2.5% 850/m principle and interest. Term 3.5 years. Balloon 149,351.  Exit Strategy Wholesale to a landlord for $201K with $30K down.    Wrap Around Mortgage: 2 Notes Example: Create 1 note for exact terms of the existing note on the property. So 57K principle, same interest rate and term with same amortization schedule. Second note-  114K principle with 225/month principal only payments for 42 months. Balloon of 104,550 on second not

The Creative Financing Podcast
pt.4 Understanding Creative Financing; All The Strategies

The Creative Financing Podcast

Play Episode Listen Later Oct 4, 2021 33:24


In this series we talk about understanding creative financing, the strategies used, and the pro's and con's of each. Here are the different strategies and how they pertain to the following …   Title Transfer  Foreclosure Taxes Due on Sale Clause Maintenance and Repairs,  Closing and Transfer tax   Lease Options- No title transfer, so no closing or transfer tax, no foreclosure, only eviction. No Due on sale. Maintenance can be passed on to the tenant. Taxes are typically paid by the Landlord. Contract For Deed/Land Contract- No title transfer, there is typically a closing but no transfer tax until the contract is fulfilled. No foreclosure just a Forfeiture process, which differs state to state. Taxes paid by Buyer, Buyer responsible for maintenance and repairs because this is a sale. 1st position Trust Deed and Note- Only used when property is free and clear. Title does transfer, so there is a closing and transfer tax if applicable by state.  Foreclosure process. Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the property was free and clear. Seller Subordination- Title does transfer,so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the first mortgage should be paid off at closing. .  All Inclusive Trust Deed/Wrap Around Mortgage- Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. There is a Due on Sale because there is an existing loan in place. Subject-To- there is no recourse for the Seller to take back the property. Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs.. There is a Due on Sale because of the existing loan in place.   We use an example of a property with 4 single family homes on one lot. It needs about 60K in repairs, the seller is asking 110K and owns it free and clear. It can rent for 2400/month with an estimated expense of 800/month, which leaves 1600 in monthly cash flow. We can offer the Seller 750/month principle only. Now with the amount needed in repairs we need to get in light, say 5K, then refinance the property as soon as possible after repairs are complete, in order to recapture our capital. So what strategy do we use? We would just use a 1st position trust deed and note because it's free and clear.     Now Let's say there is a debt of 40K with 550/month payment. Then what? Well we can still offer 750/month, with wrapping their exact loan terms and offer 200 in principal only payments on a second note for the balance of their equity. This is where we would use an All inclusive trust deed and note or wrap around mortgage as our strategy.

The Creative Financing Podcast
pt.3 Understanding Creative Financing; All The Strategies

The Creative Financing Podcast

Play Episode Listen Later Sep 27, 2021 23:02


In this series we talk about understanding creative financing, the strategies used, and the pro's and con's of each. Here are the different strategies and how they pertain to the following … Title Transfer  Foreclosure Taxes Due on Sale Clause Maintenance and Repairs,  Closing and Transfer tax   Lease Options- No title transfer, so no closing or transfer tax, no foreclosure, only eviction. No Due on sale. Maintenance can be passed on to the tenant. Taxes are typically paid by the Landlord. Contract For Deed/Land Contract- No title transfer, there is typically a closing but no transfer tax until the contract is fulfilled. No foreclosure just a Forfeiture process, which differs state to state. Taxes paid by Buyer, Buyer responsible for maintenance and repairs because this is a sale. 1st position Trust Deed and Note- Only used when property is free and clear. Title does transfer, so there is a closing and transfer tax if applicable by state.  Foreclosure process. Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the property was free and clear. Seller Subordination- Title does transfer,so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the first mortgage should be paid off at closing. .  All Inclusive Trust Deed/Wrap Around Mortgage- Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. There is a Due on Sale because there is an existing loan in place. Subject-To- there is no recourse for the Seller to take back the property. Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs.. There is a Due on Sale because of the existing loan in place.   We use an example of a property with 4 single family homes on one lot. It needs about 60K in repairs, the seller is asking 110K and owns it free and clear. It can rent for 2400/month with an estimated expense of 800/month, which leaves 1600 in monthly cash flow. We can offer the Seller 750/month principle only. Now with the amount needed in repairs we need to get in light, say 5K, then refinance the property as soon as possible after repairs are complete, in order to recapture our capital. So what strategy do we use? We would just use a 1st position trust deed and note because it's free and clear.     Now Let's say there is a debt of 40K with 550/month payment. Then what? Well we can still offer 750/month, with wrapping their exact loan terms and offer 200 in principal only payments on a second note for the balance of their equity. This is where we would use an All inclusive trust deed and note or wrap around mortgage as our strategy.

The Creative Financing Podcast
pt2 Understanding Creative Financing; All The Strategies

The Creative Financing Podcast

Play Episode Listen Later Sep 20, 2021 28:58


In this series we talk about understanding creative financing, the strategies used, and the pro's and con's of each. Here are the different strategies and how they pertain to the following …   Title Transfer  Foreclosure Taxes Due on Sale Clause Maintenance and Repairs,  Closing and Transfer tax   Lease Options- No title transfer, so no closing or transfer tax, no foreclosure, only eviction. No Due on sale. Maintenance can be passed on to the tenant. Taxes are typically paid by the Landlord. Contract For Deed/Land Contract- No title transfer, there is typically a closing but no transfer tax until the contract is fulfilled. No foreclosure just a Forfeiture process, which differs state to state. Taxes paid by Buyer, Buyer responsible for maintenance and repairs because this is a sale. 1st position Trust Deed and Note- Only used when property is free and clear. Title does transfer, so there is a closing and transfer tax if applicable by state.  Foreclosure process. Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the property was free and clear. Seller Subordination- Title does transfer,so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the first mortgage should be paid off at closing. .  All Inclusive Trust Deed/Wrap Around Mortgage- Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. There is a Due on Sale because there is an existing loan in place. Subject-To- there is no recourse for the Seller to take back the property. Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs.. There is a Due on Sale because of the existing loan in place. We use an example of a property with 4 single family homes on one lot. It needs about 60K in repairs, the seller is asking 110K and owns it free and clear. It can rent for 2400/month with an estimated expense of 800/month, which leaves 1600 in monthly cash flow. We can offer the Seller 750/month principle only. Now with the amount needed in repairs we need to get in light, say 5K, then refinance the property as soon as possible after repairs are complete, in order to recapture our capital. So what strategy do we use? We would just use a 1st position trust deed and note because it's free and clear.     Now Let's say there is a debt of 40K with 550/month payment. Then what? Well we can still offer 750/month, with wrapping their exact loan terms and offer 200 in principal only payments on a second note for the balance of their equity. This is where we would use an All inclusive trust deed and note or wrap around mortgage as our strategy.

The Creative Financing Podcast
pt.1 Understanding Creative Financing; All The Strategies

The Creative Financing Podcast

Play Episode Listen Later Sep 13, 2021 30:10


In this series we talk about understanding creative financing, the strategies used, and the pro's and con's of each. Here are the different strategies and how they pertain to the following … Title Transfer  Foreclosure Taxes Due on Sale Clause Maintenance and Repairs,  Closing and Transfer tax   Lease Options- No title transfer, so no closing or transfer tax, no foreclosure, only eviction. No Due on sale. Maintenance can be passed on to the tenant. Taxes are typically paid by the Landlord. Contract For Deed/Land Contract- No title transfer, there is typically a closing but no transfer tax until the contract is fulfilled. No foreclosure just a Forfeiture process, which differs state to state. Taxes paid by Buyer, Buyer responsible for maintenance and repairs because this is a sale. 1st position Trust Deed and Note- Only used when property is free and clear. Title does transfer, so there is a closing and transfer tax if applicable by state.  Foreclosure process. Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the property was free and clear. Seller Subordination- Title does transfer,so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. No Due on Sale because the first mortgage should be paid off at closing. .  All Inclusive Trust Deed/Wrap Around Mortgage- Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs. There is a Due on Sale because there is an existing loan in place. Subject-To- there is no recourse for the Seller to take back the property. Title does transfer, so there is a closing and transfer tax if applicable by state. Foreclosure process, Taxes paid by Buyer, Buyer responsible for maintenance and repairs.. There is a Due on Sale because of the existing loan in place.   We use an example of a property with 4 single family homes on one lot. It needs about 60K in repairs, the seller is asking 110K and owns it free and clear. It can rent for 2400/month with an estimated expense of 800/month, which leaves 1600 in monthly cash flow. We can offer the Seller 750/month principle only. Now with the amount needed in repairs we need to get in light, say 5K, then refinance the property as soon as possible after repairs are complete, in order to recapture our capital. So what strategy do we use? We would just use a 1st position trust deed and note because it's free and clear.     Now Let's say there is a debt of 40K with 550/month payment. Then what? Well we can still offer 750/month, with wrapping their exact loan terms and offer 200 in principal only payments on a second note for the balance of their equity. This is where we would use an All inclusive trust deed and note or wrap around mortgage as our strategy.

The Sports Show With Hank Corsair
PAC-12 Returns To Their Standard Policy Of Game Forfeiture

The Sports Show With Hank Corsair

Play Episode Listen Later Aug 13, 2021 1:43


Today's show talks about the PAC-12 returning to their standard policy when it comes to games that need to be forfeited. Watch today's show to hear what that means, and also what I think they should do.

USA Constitution & Declaration
USA Constitution: Article 3

USA Constitution & Declaration

Play Episode Listen Later Sep 7, 2020 2:03


Article 3Section 1The judicial Power of the United States, shall be vested in one supreme Court, and in such inferior Courts as the Congress may from time to time ordain and establish. The Judges, both of the supreme and inferior Courts, shall hold their Offices during good Behaviour, and shall, at stated Times, receive for their Services, a Compensation, which shall not be diminished during their Continuance in Office.Section 2The judicial Power shall extend to all Cases, in Law and Equity, arising under this Constitution, the Laws of the United States, and Treaties made, or which shall be made, under their Authority;-to all Cases affecting Ambassadors, other public ministers and Consuls;-to all Cases of admiralty and maritime Jurisdiction;-to Controversies to which the United States shall be a Party;-to Controversies between two or more States;-between a State and Citizens of another State;-between Citizens of different States;-between Citizens of the same State claiming Lands under Grants of different States, and between a State, or the Citizens thereof, and foreign States, Citizens or Subjects.In all Cases affecting Ambassadors, other public Ministers and Consuls, and those in which a State shall be Party, the supreme Court shall have original Jurisdiction. In all the other Cases before mentioned, the supreme Court shall have appellate Jurisdiction, both as to Law and Fact, with such Exceptions, and under such Regulations as the Congress shall make.The Trial of all Crimes, except in Cases of Impeachment, shall be by Jury; and such Trial shall be held in the State where the said Crimes shall have been committed; but when not committed within any State, the Trial shall be at such Place or Places as the Congress may by Law have directed.Section 3Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort. No Person shall be convicted of Treason unless on the Testimony of two Witnesses to the same overt Act, or on Confession in open Court.The Congress shall have Power to declare the Punishment of Treason, but no Attainder of Treason shall work Corruption of Blood, or Forfeiture except during the Life of the Person attainted.