Originally posted by @Jean Cetoute:
I do agree that when it comes to real estate many are engage with their emotions and not brains. @Elaine P. you said many structure them wrong. Can you give me an example of the right structure? I asked because I want to broaden my knowledge base.
Every deal is different, and every one is structured to design the best solution and goals, the last bad moves by a local investor was to pay to much for foreclosures, structure the buy to sell to end buyer rewards off track, they paid too much for the house, less profits, lots of work so the winner is the end investor and bank as they get rewards for not much work, they paid 10k too much and they have another buy 22 unit deal , paid 50% too much, buying homes is work, I mean you have to know how to get big money off the banks, as they play games, they play on them games to win, do not think beating out another investor is winning, as the bank then at lunch says that fool paid us just 5k under what we asked and has to do all the work, ha, ha,
Every deal is different but this is one of the biggest mistakes :)
