All Forum Posts by: Belinda D.

@Michiel Hart, Read the following link "Watson and the regulators". Hopefully it will help you to decide what you want to do.

Originally posted by @Jeff Rabinowitz:

Wholesaling is not illegal in Ohio or most States but only if you do not advertise an interest that you do not have or try to circumvent licensing laws. Most wholesalers do not comply with the regs. Here is a link to a discussion between Jeff Watson, an Ohio licensed attorney and real estate investor, and two Ohio regulators: Watson and the regulators . They are short videos and cover many of the issues that catch the regulators' attention as well as what they view is proper. They are worth watching.

Thanks for your reply Thomas,

I'm just doing some research.

Thanks for your input Gary.

Hi BP Family,

Is anyone familiar with this investor form BC Canada, especially his no money down using bank financing? 

Please provide your thoughts.

Thanks.

@Aaron Liu,

Don't Quit the part time job!!! You need and will continue to need the income its currently generating for you right now. Think about what you just told us, your JOB is your ONLY monthly cash flow.

Your REI cash flow has to be enough to replace the cash flow from your job plus it has to be enough to pay your REI expenses, your personal expenses, provide some extra cushion for other monthly expenses and emergencies and it also has to be enough for you to comfortably sleep at night without being worried about lack of money.

Believe me the 6 months emergency fund is not enough for you to live on (rent, food, etc and pay all other expenses). One year emergency fund might still not be enough. I found out the hard way and I am still licking my wounds. 

Having that job is an advantage at this time for you, because you can also use it to borrow if needed. It is security for you right now. Since you are in IT maybe you can ask your employer for an opportunity to work from home, even if it's a couple days a week.

At the end of the day, the final decision has to be your own. Think about it v. carefully and put your plan in writing, the pros and the cons. Your dream will become your reality, but do not forget that you still need to live in the present.

All the best to you.

@Aaron Liu

@Hayden Davis , 

Someone pushing a "quit claim deed" should be a warning sign for you (unless you prefer or have experience with these types of deals). Please do a detailed search (here on the site) on "quit claim deeds". 

Happy Birthday Josh!

Comments like #2 and #3, which may segregate, stigmatize and stop people from participating/posting and networking on this forum. 

There are several geniuses who can’t spell and if I can’t spell for whatever reason (lack of education, English is my second language, I choose to use slang, I am typing too fast, etc) so what!!! Just ignore me, block me or whatever, but do not make me feel incompetent or "less than....". 

Even experienced and successful investors misspell words. Are you going to ignore their adviSe or "take it with a grain of salt?"

Not sure if I can ask a non- real estate related question:

Does anyone know if this company is legitimate?

@Toyin Dawodu , I have coaches in my local area, thanks anyway.