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17 January 2025 | 28 replies
Some of the discounts are good, but just be aware that you will be paying a payment processing fee on top of the discounts.
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12 January 2025 | 1 reply
Expect property inspector to investigate rehab performed was good, alongside general property inspection.Can a BP member please recommend a good inspector along with what I should expect to pay for the service.Thank you
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2 January 2025 | 1 reply
I thought this was simply the right thing to do and did not give a second thought to undergoing this process until after the repairs were completed.
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12 January 2025 | 7 replies
Also, most Umbrella Policies only pay out if your underlying policy pays out, and the underlying policy will do everything they can to find an exclusion or that you were negligent (which you probably were) in the cause of action to get out of paying the claim.
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15 January 2025 | 10 replies
It's a shame when I see the mark up or what out of state investors are paying for these 'turnkey' properties.
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16 January 2025 | 15 replies
What I've realized is that a lot of these companies that do pay for housing stay in the larger apartment complexes because the companies pay for it.
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19 January 2025 | 11 replies
Depends on what you have to pay for your money, may not be worth it.
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12 January 2025 | 7 replies
my condolences on your recent lost.there are a few ways you can do this, as mentioned above you can take a heloc on your primary residence which will give you a second mortgage, first mortgage payment wont be impacted. you can do cash out refinance which will give you one mortgage and payment. it will pay the old mortgage and give you money in your pocket to pay for the rehab.or you can do a renovation refinance which is similar to cash out refinance but we would contractor involved as part of the refinancing and they are paid through the loan
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9 January 2025 | 17 replies
When I have last minute cancellations, I still pay them.
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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.