
11 October 2024 | 4 replies
I've been a landlord for a little over 2 years and I've learned a lot of stuff, but one of the most annoying lesson's I'm dealing with is that I just can't trust anything tenants say.

18 October 2024 | 37 replies
That 40k class would not teach you to put nail to the drywall.In my actual job i am so very busy writing code for DATA CENTER like Amazon or Google data center, so I do NOT have time nor knowledge to put a nail in the drywall, but i have TRUSTED friend that can put the nail in the drywall.There are just so many RESOURCES here in BIGGERPOCKETS where one do not need to go to any school but can learn from them or they can redirect to the right people.As for me , my life in real estate context has DRAMATICALLY IMPROVED when I CONVERTED my business relationship into much PERSONAL RELATIONSHIP to the contractor.In flipping business, the contractor, the subcon , is like the Prophet, okay, they have to be listened and being served.

10 October 2024 | 17 replies
How does a trust fit into all of this (if I wanted to get things into a trust for my children)?

12 October 2024 | 12 replies
That’s easier for a buyer to get into the deal, but for the seller it translates into them getting $38,400 for that same land instead of only $25k.The seller could also do a land contract, with essentially the same type of terms as with the owner-financed deal, the difference really being that instead of the seller having just a mortgage lien on the property till it’s paid off, they actually retain full ownership of the land until the contract is paid in full.I would have the seller tell you what they wanna get for it, then tell them you’ll add your fee to it and find a way to make it happen… and then come back a day or two later and tell them that you found a way for them to get their price, for you to get your fee, and for it to still be appealing to potential buyers… Then walk them through the deal, how it’ll work, explain to them how your way is more beneficial for them overall, explain how your way opens up the floodgates of potential buyers now, and most importantly explain to them that doing things deals this way is very common when buying and selling land, and how its really the only way for them to get what they want outta that land 👌If you act like an expert on the subject (or at least more knowledgeable than they are) I promise they’ll most likely just follow your lead because they trust you to get it done.And if they are truly motivated to sell, then they’ll welcome with open arms any creative thinking that will help them get what they want.Good luck!

11 October 2024 | 17 replies
Once the deal details are reviewed, it helps our lenders assess the type of property and strategy we use and how successful we are in it.If you wanted to deep dive on your own, you can always check with county records on fillings, operators' good standing records from state where incorporated etc as well.It’s great to hear how you provide transparency to your lenders by sharing recent deal details and summaries—it really builds trust.

11 October 2024 | 7 replies
At most, keeping you Cc'd on all coordinating emails and asking you for more information when required.Sounds like you're spun up on the legal requirements for security deposits in your state (needs to be in their own trust account).

12 October 2024 | 12 replies
Recommend using one you know and trust.

11 October 2024 | 1 reply
Trust your gut, but verify everything.Remember: you make money when you buy not when you sell.

11 October 2024 | 2 replies
The cameras are not a bad idea especially because the trust has been shaken with the tenants.

10 October 2024 | 19 replies
Investing without seeing the area is very tricky unless your REALLY TRUST someone.