Account Closed
Some of The Biggest Mistakes Investors Make in Real Estate
19 March 2024 | 6 replies
Code Chapter 47 - Fraud And False Statements, which is a very boring read, unless it applies to you.Please don’t do that.Make sure your Proof of Funds source has the funds and that you are authorized to use those funds and the source will vouch for you in court.If you are going to buy “Turnkey” it is recommended you visit the actual neighborhood and actual house before closing.Things can be very different in person.Afterwards is too late.You may not like what you seeGo with the Math, not the emotions or hopes of the futureIf you are losing money with the hopes of making it up later, you should seriously reconsider.Wishful thinking is a poor investment.Interest rates are going upAnd interest rates are going down.And interest rates are remaining the same.There is no clear direction for rates and there are arguments for going each direction – buy so that your property cash flows, even if you are wrong.Ignoring your workers.Always serve your workers pizza on the job.It keeps them on-site so they don’t wander offThey will think you actually care and will work harderYou get to become “one of the boys” and they will tell you things you need to knowHmmm, out of space, but not out of mistakes.
Maria Putnam
Looking for Guidance on a Flip
19 March 2024 | 9 replies
The most common consistent false narrative in private lending is clients think they can qualify for 100% financing.
Johnathon Jenkins
LLC or keep in own name?
18 March 2024 | 4 replies
Thank you banks will not come to collect, but transferring from personal to LLC typical is a false sense of security from liability as in most instances it is not done properly.
Raja Shan
Terminate w/o cause. Financial incentive for the tenant to move out?
15 March 2024 | 10 replies
If you falsely tell the tenant you are moving in a family member, and then list the property for sale you could be subject to owing the tenant 3 times your rent amount, plus legal fees and damages.
Travis Steinemann
WARNING: DO NOT TRUST ZILLOW BACKGROUND CHECKS
14 March 2024 | 23 replies
You know we can eventually figure out the Lawbreakers that come across as Clear.But I wonder how many "Clears" come across as lawbreakers (False Negative), because that seems as reasonable as a (False Positive).
Neil Patel
FlipSystem by Antoine Martel
20 March 2024 | 175 replies
If you have heard that is how we charge for the value provided, then unfortunately somebody is spreading very false information.
Dan Bowe
How to underwrite core deals in this environment
14 March 2024 | 5 replies
Expenses naturally rise with inflation: True and also COMPLETELY FALSE!
Ahmed Habib
What is best strategy to close first few wholesale deals?
13 March 2024 | 6 replies
.….INCLUDING …ALL… COSTS, FEES , CONSULTING FEES.You will likely get one of the two following responses..1) “ the hud 1 isn’t available”… if you are financing…..this is FALSE…the disclosure IS available..as it is one of the benchmark doc FOR the financing.Or..2) that wholesaler, guru, or turn key company says that they don’t want to do business with you… what they Actually just taught you.. is that you don’t want to do business with them..OOOHHH.OPTION THREE..no problem Mr Buyer… here’s the Financial Disclosure… note line 36 near the bottom on the right column… there’s a “ consulting fee”… that’s my cost .Hmmmm I know where I’m sending my business.I would love to help build your financial future ..
Mariam Diong
Real Estate Vs Newbie
12 March 2024 | 3 replies
Thank you for the advice and it means a lot especially when people start to tell the truth without sugarcoating because there are millions of the real estate investors out there who are giving false hope to the newbies.