All Forum Posts by: Karma Senge

Anyone that doesn't think about asset protection, even right up front, is just asking for trouble IMHO. 

"The only one that is going to sue you is someone who thinks they can win big"

Is that a joke? You do know we live in America right? One of my friends was in NY once walking down the street and due to the huge amount of people he accidentally stepped on a mans shoe. The guy found out who he was a sued him because my friend and "ruined" his new shoes. And Won!

People will sue you for anything.

Oh and I do have assets to protect. And telling someone not to learn a little bit about protecting their assets is like telling a soldier going in to war not to worry about how to fire a rifle. Everyone has something to protect. And they should as well.

PS: @Joshua Dorkin , is there no ability to underline with this WYSIWYG editor?

Hey all, the other day at the local reia (CFRI) they had Attorney Lee Phillips talking about asset protection. His talk was ok (a LOT of "my course is the best" type of stuff), and left me wondering which courses you all recommend as some of the best asset protection courses available?

What are all the different ways of creative financing that you can do in commercial real estate investing? Are they the exact same as in residential? Can you do things like owner financing when working with a broker on a property?

Thanks

I would also like to know what others think of these books.

@Brian Gibbons & @Tiffany Plovie , lol thanks for liking my name. Most people can't believe that it is my actual name.

And thank you everyone for your advice.

Anyone have any good recommendations for real estate investing books (or investing in general) that I could give my son (a 13 year old) to read to learn the basics? I want him to have a good education in financial literacy and real estate. He already has "Rich Dad Poor Dad for Teens" and asks to read more.

Also, do you think a 7 year old is to young to get started reading these books too?

Thanks

Update: Well I finally got the box in the mail. It didn't have everything that was supposed to come but at least it did have the main manual in it. I will start another post when I go through it and review the material.

@Brian Gibbons , I know residential. And to be honest, I never want to do residential again.

@Joel Owens , those deals were 8 years ago. Since then I have been out of the game and only now getting back into it. And on top of that (and to make a long story short) my ex-wife stole more than $800k from me when we split and we are in a nasty child custody case which costs a crap load of money. So no, I don't have any money to give someone for coaching.

I am not one to just sit around and not do anything either. I have studied David Lindahl's AHR course and I have also studied Ray Alcorn's Dealmakers Guide course and anything else I can find on BP and YouTube. I have analyzed over 260 properties and have made 64 offers to date since I started but not getting anything excepted, except one offer which fell through anyways. And that is why I feel I need a mentor, because clearly I must be doing something wrong to not get anything excepted.

I could also understand one OR the other. But not both. Why would I give 50% of my deals to someone if I already had to pay them $20k for their coaching? I don't think so.