Account Closed
"Additional Insured" clause in PM contract
17 January 2025 | 7 replies
This designation doesn’t cost extra or give the manager access to insurance payouts but ensures you and the property manager are aligned during incidents, such as tenant lawsuits or insurance claims.
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.
Samantha Benz
Should I go to BPCON?
28 January 2025 | 9 replies
We don't believe in VIP tracks and want everyone to come in feeling equal so your ticket is your all-access pass, the only exception being a la carte workshops on Sunday before the conference kicks off.
Christopher Reynolds
Colorado based rookie
28 January 2025 | 7 replies
I am glad to have access to the resources I found here.Last snippet is I originally became interested in the AirBnb market internationally.
Cameron Marro
Seeking Renovation Advice for My First Investment Property
27 January 2025 | 13 replies
Hey @Cameron MarroPersonal Loan or Line of Credit: If you have decent credit, a personal loan or line of credit could give you access to the cash you need for renovations without using your property as collateral.
Cole Starin
Six Unit Multi-Family BRRRR
24 January 2025 | 8 replies
Ive found 30 amortization has become more accessible since the pandemic in commercial loans.
Eli Edwards
Course feedback or insight from Vetted Homes
19 January 2025 | 7 replies
@Sofia Komrskova The biggest selling point for me is access to the existing network of IMTR relocation specialists which would take years to build up on my own and I have had zero luck on BP getting any feedback specifically for relocation specialists.
Melody R.
Thoughts about the virtual CPA firm The Real Estate CPA?
16 January 2025 | 18 replies
I am not the most technical person but in this day and age, not being technical is even more reason to welcome opportunities to use platforms that help develop that skill.
Don Konipol
What Does it Take to Achieve the Dream of Full Time Real Estate Investor?
20 January 2025 | 1 reply
A break even into a profit, and a profit into a windfall. 3- Capital - I used to state this as access to capital, back when the rules were loser, the regulations less onerous, and information less readily available.
Jordan Meltzer
Where to invest my cashflow?
21 January 2025 | 9 replies
I have access to see properties on market with assumable mortgages for FHA.