All Forum Posts by: Ivan Jouikov

Everything I read so far has the 2 terms separated, yet they both seem to mean the same thing - seller keeps the loan, you put the property in land trust and assign yourself as beneficiary. You make payments to the seller.

How are the 2 different?

I'm guessing this would be different state by state, but what's the general rule of thumb? Is the eviction proccess for MH same as normal homes or is it harder/easier?

Curt I hope you don't mean "leave hem behind' literally.

While my dream is achieving financial independance, for some reason the #1 thing that associates with that is bringing my dad $10,000 cash in envelope every month. As much as we have a love/hate relationship, making him proud (for reason I don't understand) is more important to me than making myself rich...

Nick actually that's not going to work with him. He believes that most Americans are being ripped off without realizing. The idea is that salespeople hypnotize them to the point where they're happy with their money spent, simply because they don't know the other side of the coin. But good advice to try :)

So whenever I visit my father for our "weekly meeting" I always go on about real estate investing. He always has only 2 responses:
1) you cannot do that here (i'm serious)
2) what you're trying to do is rip someone off

No matter how hard I try to explain that I want to create a win-win situation, he has this core belief that if you're "making money off somebody" then you're scamming them.

He has same belief when it comes to car dealerships (ie they'll try to take you for all you got if you don't negotiate).

I tried to explain to him the basic idea behind Capitalism, but he strongly belives that profiting off someone, especially in excess, is ripping them off. The idea here is that if you disclosed to the buyer/seller how much you're making, they would never want to do the deal.

He has strong belief that all business in America is built on ripping people off. The only way to get "truly rich" is to rip someone off. While he doesn't have a moral objection to ripping someone off, he is ready to use it as an argument against REI strategies.

Anyone got any advice on how to deal with this? My father's support would be a big motivator.

This guy is trying to give away a whole bunch of educational material for "free," but you gotta give your CC because they also enroll you in 1 month subscription to some newsletter, which you have to cancel within 30 days or else pay $40.

Here are some of the promises about his educational material:
Bonus #5: 'The Secret to Selling Houses in 7 Days' Teleseminar On this BRAND NEW call, I reveal my secret '3 Step' strategy for selling houses in 7 days, in any market. Value: $47

Too good to be true? Anyone know much about this?

Makes sense; thank you!

Thx I'll try that

I read an article talking about selling LLCs that own the properties (so you have 123th st MyBigLLC), instead of selling the actual property.

This was in the context of going around "no assignment" clause on REOs. Is there a reason not to do this with wholesaling in general?

Can you give an itemized list of what were your "couple of thousand" expenses involved with checking on the property?