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.
Robert Lindsley
Tenant with two pitbulls
6 January 2025 | 25 replies
Here is a resource on dangerous dogs. http://www.dogsbite.orgGlad you have a plan and are moving forward.
Scott Schnabel
New Regulations in the City of Cleveland
3 January 2025 | 18 replies
If the owner does not meet that residency requirement, another human being must be identified as the local agent in charge.
Kristian Kotov
New Asset Class - The Roomshare Condo
14 January 2025 | 3 replies
For most investors, purchasing a room condo makes no sense due to all of the associated human element risks.
Dominic Mazzarella
Turning Challenges Into Opportunities: How I Saved My Multi-Use Property Sale
19 January 2025 | 9 replies
I think it's easy for attorneys and brokers to become jaded and to lose that 'human touch'.
Diego Trujillo
Dallas New Construction project
14 January 2025 | 2 replies
Numbers aside, what I really like is how you learned something as human and local as introducing yourself to the neighbors.
John Clevenger
AI Intigration in Real Estate
30 December 2024 | 6 replies
It will not replace humans in any shape or form, opendoor tried it, listing spark tried it, they are the two worst companies to deal with.
Chris Magistrado
Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
It’s a lot to unpack.On the Ground ImpactAs I dug deeper, I couldn’t stop thinking about the human impact.
Garrett Brown
A very simple way to increase your ROI inside your STR
9 January 2025 | 35 replies
People who say it depends on the market and property can’t be real human 😂 of course you need to adopt it.
Bill Goodland
Favorite Tools for Building Distressed Owners Lists
15 January 2025 | 13 replies
That level of diligence isn't possible with human effort or even traditional data processing techniques.I would like to expand to investors in the future but this technology is very new. got it also commerical Brokers I suspect would be a target for you..