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14 January 2025 | 28 replies
I remember spending entire weekends crunching numbers, gathering receipts from random shoeboxes and backtracking through countless transactions in my bank account.
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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.
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5 February 2025 | 28 replies
My biggest advice when designing a vacation rental is to truly know the daily activities, habits, and needs of your target guests.
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12 February 2025 | 27 replies
Once again, I learn from them daily, if you didn't....
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22 January 2025 | 21 replies
Financing must be through non-recourse loans, and you must avoid prohibited transactions, such as personal use or self-dealing.
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25 January 2025 | 24 replies
We have small earthquakes pretty much daily (many are imperceptible to us) but they take their toll on structures.
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22 January 2025 | 1 reply
While I’ve been handling smaller real estate transactions for about a year and a half, I knew I needed guidance to break into this space.
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8 February 2025 | 22 replies
They think it's unfair because they only shower once a week but can hear the upstairs neighbor showering twice daily.
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13 January 2025 | 0 replies
She had no connection to the property and no personal stake in the transaction.
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10 February 2025 | 31 replies
Looking for downsides from people that have used it The software that I used, perhaps more advanced three years after your AI development, because we can see the actual Investor Intellegence including more private transaction data and photo.