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Results (10,000+)
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.
Jacob Dalton Should Cook County be a "No Go" Zone for Single Family Rental Investment?
22 January 2025 | 12 replies
As a would be individual landlord with just a one unit single family property I don’t know I can stomach the risk or withstand a financial assault resulting from an eviction process for a non-paying tenant (or tenants that do extensive damage).I am seriously considering bowing out and selling.
Denice Doron Newbie to real estate investing.
15 January 2025 | 5 replies
I’m especially interested in residential rentals, STR's, or multifamily properties, but I’m open to exploring other areas as well.I’m here to connect with like-minded individuals, gain insights from experienced investors, and contribute however I can to this community.
Christina Hall Best skip tracing website?
29 January 2025 | 40 replies
have looked into Batchleads as well but quality of data looks comparable  Check out traceestate.com $0.08 per individual and $0.15 per LLC.
Jose Mejia refinancing a property from hard money lender
1 February 2025 | 16 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.
Melissa Sejour How do you research the best areas to invest in?
6 February 2025 | 12 replies
Best neighborhood and best assets are subjective and largely based on the individuals capabilities (balance sheet, skill set, time etc.)
Mario Morales "Multi-family" agents-how to pick one's
17 January 2025 | 6 replies
@Mario MoralesI think this is a common question and the value that an agent will bring will vary by individual needs.
Craig Sparling Exclusive right to rep (A post Burnet et Al world) for Real Estate investors
15 January 2025 | 2 replies
The Exclusive Right to Represent makes sense for prospective individual homebuyers, but for real estate investors, it seems unfair and limiting.
Guan Hong Guo Income Criteria for Multiple Occupants
15 January 2025 | 10 replies
For this reason, I teach people to set policies for renting to unrelated individuals.
Anthony Vaganos DCSR vs Conventional with transfer tax
19 January 2025 | 8 replies
Additionally, add in the ambiguity/risk of the due on sale clause or ramifications on the conventional loan of transferring the property from your individual name to an LLC - the economics don't make sense, and the headache isn't worth it even if it did, in my opinion!