I am going to be the contrarian on this subject.. 1. the pre license course is valuable as it teach's the vocabulary of real estate and the basic laws of your state.. its dirt cheap and one of the better ways to build your foundation. 2.

Yes, a contractor can put a mechanic's lien on your house, but that is little recourse to putting food on the table.As a former subcontractor, I usually requested a deposit on larger jobs, $10,000+, on little stuff I wasnt as worries about it. 

First of all @Diana Teng, have you ever gone to a restaurant and asked "is the food here worth buying?". 

The deal was a long time ago and it was a quick-close, pre-foreclosure, all cash deal. 

not a major part but it was pre 08.. probably 10% of the deals we did.

Central Ave has a number of unique, local restaurants and drink spots (laundromat speakeasy with bottomless mimosas and Cuban food on Sundays).Good luck!

I haven't hit it hard yet this year,  trying my hand at pre-foreclosures.I don't use a CRM, I'm hand writing letters and reaching out according to a criteria I dictated.  

We've pre-leased ~225 beds out ~240 already for next year and 90% of our leads come from that.

So, some food for thought.Trusts seem to be the preferred method of liability and asset protection among the wealthy.  

I have $180K on the mortgage and since I bought pre-pandemic, the property has accrued a good amount of equity (I could likely sell for $700K-$750K), leaving me with about $500K in cash.I'm considering selling the property to invest in an out of state market as the COCR isn't great (I net about $1,700/month in cash flow).