
21 February 2012 | 18 replies
I disagree about the charging the upfront fee makes a serious buyer.I can't tell you how many scammers I have seen in the commercial lending arena.I can say one problem lenders face is they get a package submitted to them and then give an LOI.Then in due diligence the buyer finds out the income levels and returns were not as stated.Now the lender wants a bigger payment down from the buyer or the buyer has to get the seller to reduce to the actual proven numbers.The deal falls out and the lender made nothing.The way to solve this is submit a detailed and verified package upfront.This way you know the numbers you are sending have been verified.Lenders site confidentiality etc. when doing loans so you can't verify other properties they have closed.If lenders state money has to be in escrow or a deposit have YOUR attorney hold in an account the lender does not have access to or authorization to.This way the money can be shown to be there and earmarked for the purposes of the loan.I am telling you these scammers will do anything to separate you from your money.I know some deals I wasn't involved in where the people chased the lender for 6 months to get back 500k.Do not let lenders PUFF fees.If they say they have to pay for appraisal then tell them you will pay the appraiser directly.If you are a legit lender and you make money when you close a loan you should have no problem with this.If however you are a fee generator mill and you hardly close anything or a point taker with upfront fees I can't tell clients to work with you.Some point takers take money to submit apps knowing the lender will not close or that it's a sham.They usually charge a small amount upfront to entice the victim.Usually 500 to a few thousand.

7 January 2013 | 10 replies
Plus, you need to have the interested parties (admin or executor, heirs, etc.) to also recognize the futility of handling the problem(s) themselves and are willing to pass title to you in return for not having to deal with the problem(s).In 2010, the State of California DHS contacted m and asked if I would be willing to probate ninety (90!)

13 May 2017 | 31 replies
Remember that anything that is porous is going to absorb water and is suspect until proven differently. 2)Once the demo is complete, you need to dry out the house with commercial air movers and refrigerant based dehumidifiers (like Serv-Pro uses).

22 January 2013 | 25 replies
Had it been issued in the BP name then yes, it would be treated as such.However, based upon the paper trail here; if BP were to recognize it as income and then produce this thread that even though it was in J Scott's name, it could be deducted.Gentlemen, what a tangled web that has been woven here.Steven

21 January 2013 | 26 replies
These types of agents are much more demanding as they have proven successful and have options (people wanting them).

3 February 2013 | 3 replies
This is where you have an opportunity to fill a niche through your education, because the same knowledge that you will later use to recognize a good investment opportunity for yourself, you will be able to use to find deals for clients.I remember trying to explain to realtors what I want – this was not a winning strategy.

6 February 2013 | 35 replies
just to be clear about my opinion, I am talking about long term investing, not day trading. i think day trading is a losing game, except for the 1% who "know more than the market." if you want to discuss which is a better investment, i think it is clear that real estate is (if it is your thing). however, real estate requires your time which my preffered method of stock market investing takes very little time. dollar cost averaging is truely passive investing. if you want to talk truely passive real estate investing where you spend an hour a month looking over statements and you are not hands on in any way, i dont think you will do much better if any than the stock market......over the long term. what the recent stock market crash has reminded people is that it is a volatile market and some people are not comfortable with that. i think real estate is not as volatile.to the question of whether or not people will jump from stocks to real estate. because of how the stock market has acted lateley, i think yes. big hedge funds have proven that. i am just saying...give it 10 years and possibly a few good runs by the stock market and people will be "following the herd."

4 February 2013 | 0 replies
NAR Pres has been accused of diverting cash. I wonder how this is going to turn out: http://www.ocregister.com/articles/thomas-409565-bankruptcy-gary.html

10 February 2013 | 4 replies
Essentially, it's an iPhone app that will recognize the property that you are at (with location enabled setting) and provide the user access to a property profile, comps, tax info, and the usual title company online services.

5 February 2013 | 3 replies
The ones that fit into #2 have probably had bad experiences with wholesalers who:- Were just tire-kickers and never made offers;- Made offers but often backed out of deals;- Tried to get the seller to lower the price after a contract was executed;- Made closings difficult with needing to double-close or some other non-standard transaction.I recognize there are some very good, very ethical and very successful wholesalers out there, but they are a very small minority of the total group of people who call themselves wholesalers.