13 January 2025 | 41 replies
Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
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12 January 2025 | 20 replies
Investigate and do your due diligence.
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14 January 2025 | 37 replies
Brian B does a little investigation to find out that this GP had basically zero experience in the space yet took down a 50 mil dollar apartment in Houston ( not sure how they talked lenders into that one) but there is 10 mil in investor money that got wiped out as Brian showed this investor that the property went to foreclosure and reverted to the bank ( no one bid it).
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29 December 2024 | 4 replies
I did further investigation and it is my theory that their website was purchased so that it looks like they have an online presence since the early 2010s, and the extreme lack of online information on this company makes it very suspect.
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1 January 2025 | 6 replies
So, to casually mention eviction before investigating how this might be resolved in a positive way would shock any rational person. 3.
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14 January 2025 | 28 replies
Then Q3 & Q4 are a little less diligent about keeping track in the moment and I have to go investigate and dig for receipts come tax time, haha
3 January 2025 | 8 replies
They will investigate and see if any rules were violated.
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11 January 2025 | 19 replies
This is a very early stage investigation to see what my options are, the ROI would depend greatly on the strategy that would be used moving forward, which is something that is very open to possibilities at this point and I have flexibility depending on the needs and desires of a potential partner.
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21 January 2025 | 74 replies
I will investigate TCS to see if I can add it to my funding arsenal.
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30 December 2024 | 7 replies
Just walk away if you sense they won't let you investigate any aspect of the property you wish to.