Pankaj Malik
Tenant threatening to sue and wants to extort money
19 January 2025 | 27 replies
I involved insurance, remediation, restoration and they all did their part and finished in 2 weeks.
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.
Evan Bonnell
Mold problem won't go away!!!
31 January 2025 | 5 replies
Yes, I have been involved with several "mold" properties that still had high mold levels after remediation.
Daniel Grantz
Best markets for cash flow
30 January 2025 | 5 replies
When investing in high cash-flow markets, I always recommend working with an investor friendly agent so you're able to gain the right insight on the different areas and the risks involved.
Bruce D. Kowal
The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5
16 January 2025 | 1 reply
This allows you to test all the systems and the people involved.
Ricky Moore
First-Time Poster Seeking Advice: How to Approach Heir About Inherited Property
16 January 2025 | 2 replies
I think it speaks volumes regarding your care to the situation the heir is involved in.
Jenna Schulze
Best city to begin investing
8 January 2025 | 34 replies
I am starting to become involved in real estate investing and I am looking between two cities in Ohio to purchase my first property (hopefully a duplex).
Shawn Questa
Creative Ideas to Help Distressed Seller and make a Deal Work
23 January 2025 | 3 replies
Depending on where the property is and the lender involved, and what he has told the lender, and so on and so on, you handle things accordingly.
Jake Thorpe
Tax liens - what do you know?
14 January 2025 | 5 replies
In the Bigger Pockets free book, "Real Estate Rewind", as one of the 11 co-authors I wrote about one such Tax Sale purchase and made money but not enough money to warrant the risk involved.
Robert Frazier
$35k reasons you should always use experienced agents for real estate purchases.
27 January 2025 | 2 replies
My point is this, I am actively involved/advising this investor, providing local vendors contacts (handyperson, surveyor, painters, etc) and I "don't wait for them to call me", I call them weekly.