Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn 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 neededKnow 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.
Gamal Harding
Property Renovation Overview: 1453 Southfield Dr, Columbus, Ohio
1 January 2025 | 0 replies
Purchase price: $45,000 Cash invested: $40,000 Renovation Overview: 1453 Southfield Dr, Columbus, OHWe've transformed 1453 Southfield Dr into a modern residence.
Julie Muse
Team Effort Pays Off: Stunning 14th St Flip Success in Fond du Lac!
3 January 2025 | 1 reply
We invested $55,000 in key renovations, focusing on modernizing the interiors, improving curb appeal, and ensuring the property met market expectations.
Gamal Harding
Property Renovation Overview: 1453 Southfield Dr, Columbus, Ohio
1 January 2025 | 0 replies
This complete transformation has upgraded an outdated property into a contemporary and functional home in Columbus, Ohio.Renovation Details:Kitchen: The kitchen has been entirely renovated with new cabinetry, modern appliances, stylish countertops,
Greg Grisez
Tenant shot & in the hospital
11 January 2025 | 18 replies
The clear solution is to simply follow the eviction proceedings as you normally would.Here is one legal sensitivity you need to be aware of.
Ricky Moore
First-Time Poster Seeking Advice: How to Approach Heir About Inherited Property
16 January 2025 | 2 replies
If you approached them in a way that you had a solution to the eyesore in their neighborhood they would be very receptive to talk and perhaps share contact details about the home owners son if they have them.
Joshua Manier
HELOC for 2 unit investment property in Chicago, IL
15 January 2025 | 8 replies
Taylor has extensive experience with investment properties and creative financing solutions, and he’s great at finding options tailored to unique situations like yours.If you’d like, I can share his contact info or make an introduction.
Donald DiBuono
Mobile Home Park Development
12 January 2025 | 12 replies
There are solutions though.
Amanda Long
DSCR New Mexico Property/ Guarantors??
17 January 2025 | 3 replies
So the deal ends up falling out or they take forever to find solutions.
Ryan Vienneau
Buildium users - how do you handle credit card tracking???
14 January 2025 | 8 replies
I wish I had another work around for you, but I actually stopped using my business CC all together just to avoid the PITA "hacks" they offered as solutions.