All Forum Posts by: Enrique Reyes

is true that if you quit claim a property to your LLC you run the risk of the "Accelleration Clause" but I heard of many people do it and no one ever does anything about it. As long as you pay the bills on time, you will be ok @Account Closed

In case you are still interested in knowing how to keep track of the different strategy you are using to keep track of who you are contacting, simply use an excel sheet to write down what method you used to contact that lead. When the lead calls back you ask them simple questions to figure out who they are and once you find them in your computer then you know. Based on the number of return calls you will figure out which method worked best for you. 

you don't have to do the title search yourself. For 50 to 150 you can have an abstractor do the title search for you. 

look up online all the requirement for a contract. Ensure your contract has all the requirements. These are simple things like name of grantor and grantee, their address and yours, property in consideration and so on. There are many example you can find online. The whole purpose of the contract is to ensure that the seller is serious about selling the property to you. If he is, he will sign the contract and if not he won't. Once you have the contract signed the seller can't backout from doing the deal with you. To make sure they don't go behind your back you can have it recorded with the county. If the seller does not sell to you after signing you have two choices: take them to court or forget about it and move on. I prefer to simply keep hunting for more deal. Is more effective and cheaper.

The county requires original documents so it has to be a written signature.

I think it is a scam. I was thinking of joining them but after I read the FTC guide of scams Renatus fit the criteria without question. Herbal life had the same scam Renatus does. Since their member suid them they were forced to  repay all the money lost by investors and they had to change their business practice. The main questions the FTC stated was "Are the people you selling to benefiting from the purchase?" "Are they benefiting to the point that you would sell to family members?" "Does the business make its money from new recruits or the products they sell?" If most of the money is made from new recruit than it is a pyramid scheme and that's a scam where only the members already in are benefiting. 

If you want to read more about what the FTC has to say about it read this article https://www.consumer.ftc.gov/blog/multi-level-mark...

After I read that article I was convinced. plus remember you can get the same benefits they promise by simply using BP, read its book, blogs and listening to their podcast.

For those who don't believe the game is rigged watch "REQUIEM FOR THE AMERICAN DREAM."

He'll give you ten good reason why it is. The simple truth is that in a democracy the population would vote for a system that better redistributes the wealth in America. In capitalism the laws would not benefit big corporations and wealthy people. Anyone who lived through the financial crisis saw that the rich corporations were bailed out even though they made bad loans purposely. However the middle class who got loans they could not afford were left homeless and did not receive the kind of help corporations did. The belief that these corporation were too big to fail does not exist in capitalism. If as investors we make bad decisions we can't run to the government to bail us out, we have to suck it up.

My last comment is that, of all the things we learn in school, we are never taught how to manage money. We are now taught statistic on how wealth is created. It is up to the individual to figure out on his own. Why would the most important thing in life such as how to make your money work for you is not taught in school. We are not taught to be entrepreneurs  in school, we are taught to learn a skill so that we can become soldiers in a corporation. People go to college, get in big debt, only to try to pay it off with a job that doesn't pay enough. This is not by chance. The rich don't have to worry about money or go to college because they were taught something poor and middle class people were not. They were taught how to make money work for them. So yes there is opportunity for poor and middle class to move up in their social class but only once they learn what the rich know. Once again the system is set up to keep people financially dumb. Bankers are not there to educate you on how your money can bring in better returns, they are there to make a profit so they will sell you instruments that make them lots of money at your expense. So next time you go to a financial adviser make sure they are not making money on commission because when that's the case they only make money when they sell you something. Instead pay them a percentage of the wealth you make so they have an incentive to make your money work harder.

The choice comes down to you and the seller. You can have two separate transaction or list both lot in one deed. The county will still recognize them as two separate lots.

I have heard that on bigger pockets, however that depends on who you seek that loan through. I for example tried to get a loan with wellsfargo and I was told that he is allow to use projected rental income. So it really depends on the bank you seek the loan from.