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.
Bayo Badejo
103 unit assessed cap rate of 5.4(accurate?)
15 January 2025 | 3 replies
You need to provide a bit more specifics about the property, about the insights you want, etc.
Jamie Parker
Multifamily Analysis out of state.
6 January 2025 | 8 replies
You can't decide which one to choose based on the minimal information you provided.
Justin Silverio
BiggerPockets + Invelo - Here's what you get
9 January 2025 | 43 replies
The platform aims to provide investors with everything they need to run and scale a successful real estate investment business in one place.
Collin Hays
Tips for negotiating your real estate deal
9 January 2025 | 18 replies
Whether it’s an offer to purchase a property, to provide equity capital, or to provide financing, I merely state the price/terms I’m willing to pay.
Jason Bales
Understanding Housing Vouchers
2 January 2025 | 2 replies
Each housing authority (HA) provides a voucher amount determined by bedroom and some further define it by zip code or city within their covered area.
Dillon Clark
New investor on a mission
23 January 2025 | 4 replies
Also, providing value to others at a high level will pay off for you in the end if you stick with it.
Kyle Carter
Lets Connect Together
23 January 2025 | 7 replies
Collaborating with seasoned investors or assisting with deal analysis can also provide valuable hands-on experience.Good luck!
John Kirtley
SOUTH CAROLINA or GEORGIA BEACH MARKETS?
22 January 2025 | 8 replies
A lot of the beach rentals down there are pretty outdated and don't provide many amenities.
Anna Zimmerman
Up and coming neighborhoods to flip a house in 2025?
15 January 2025 | 4 replies
I would provide the capital and otherwise stay passive, but hopefully grab better profits than private lending?