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I've heard over 100k in cash right in nyc from very close people I know. Even lawyers are into the game. They have those cash counters like the banks.....tucked away. I've seen them with my own eyes.
Unreported large cash happens all the time. Its is probably illegal & immoral?...probably yes. The OP wants to commit fraud. He said it himself & wants further advice on the matter
The OP could be the victim of fraud himself.
What if the apartment is worth a lot more than 75k, and he accepts a low ball bid from a shady operator just because he was trying to commit welfare fraud? Sometimes when you try to play others for fools you play yourself for a fool.
Being that desperate to get government benefits where you actually turn down MONEY is just pathetic.
^^there is a reason why his offers are going up & up. What it is worth depends on a lot of variables. I'd heard of RC apartments going for well north of 6 figures in nyc....cash is always king like it or not
I do not condone it but I don't pretend it doesn't happen....meaning various frauds like tax evasion, getting govt benefits, etc etc happen everyday.
First, while everyone is quibbling about the tax/reporting issue, no one seems to be noticing the big picture. The LL is obviously hot to get this apartment back. He's been making steadily increasing buy out offers. If the OP is serious, he should get an attorney, and not only have the attorney structure the deal, he should have the attorney front end the negotiation, and push for a significantly higher amount.
If the LL is offering $75K, I bet he's be easily willing to pay $100K and probably more. I'd open at $150-175K, and work toward $125-150K.
First, while everyone is quibbling about the tax/reporting issue, no one seems to be noticing the big picture. The LL is obviously hot to get this apartment back. He's been making steadily increasing buy out offers. If the OP is serious, he should get an attorney, and not only have the attorney structure the deal, he should have the attorney front end the negotiation, and push for a significantly higher amount.
If the LL is offering $75K, I bet he's be easily willing to pay $100K and probably more. I'd open at $150-175K, and work toward $125-150K.
And then just pay the taxes on it.
I think I suggested that quite a bit ago ...?! I did indeed notice the "big picture."
First, while everyone is quibbling about the tax/reporting issue, no one seems to be noticing the big picture. The LL is obviously hot to get this apartment back. He's been making steadily increasing buy out offers. If the OP is serious, he should get an attorney, and not only have the attorney structure the deal, he should have the attorney front end the negotiation, and push for a significantly higher amount.
If the LL is offering $75K, I bet he's be easily willing to pay $100K and probably more. I'd open at $150-175K, and work toward $125-150K.
It's pure logic. Do you think the LL is going to open with his top offer? No.
Quote:
Originally Posted by sirtiger
that is pure speculation!! oh my!
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wow where can i find a land lord
