Creative Financing - Does Your Mentor Tell You How To Handle The Pitfalls Like . . .

[Account Closed]

Always ask your Creative Finance Mentor if they have ever been sued, what happened and how much it cost. If they say they haven't been sued, they are either too new for you to follow or they are not telling you the truth. 

Sometimes asking the obvious question is the only way to find out if you have the stomach and the bank roll to do Creative Finance.

Taking action with "incomplete" information in Creative Finance is disastrous. Does your mentorship cover the following?

Okay, you've just taken over a loan Subject To, the seller won't move out. What are you going to do?

You start an eviction to get them out and learn that their sister is a real estate agent who claims you have ripped them off.
What are you going to do?

There is a lot of equity in the property and the real estate sister gets an attorney involved and you are charged with equity skimming. What are you going to do?

In the process you learn that the seller is under her sisters care because of mental issues. What are you going to do?

You got into this with no money down and don't have the money to hire an attorney to fight the "false" allegations. What are you going to do?

You use someone else's money and the deal falls apart. How do you pay them back before they sue you? What are you going to do?

The seller is frantic and calls their lender to tell them you have stolen their house. The lender calls the note due. What are you going to do?

You've read all of this and either don't understand it or don't care or have been falsely told "this never happens" what are you going to do?

You fall gently into the cliff. xiǎoxīn shuāi dǎo 小心摔倒