That's how I'm able to comply with the CSLB's requirements.just like another poster said, tripping over nickels to pick up pennies.to wit: its not legal to do a time n materials contract on residential properties.

I know from experience that contractors disappear, tenants stop paying rent (good luck if you're in a blue state..sold everything in NY for this reason), interest rates go up as we've witnessed over the last couple of years, anomalies happen (Covid literally effed a lot of us investors).Not to be discouraging, but i've been through all of these and if you can get through it, great.

Hello BP community, this is my first post. I'm just starting out still looking for my first project. Recently came across a Detroit land bank home that was in pretty good shape in a decent neighborhood, needed about 2...

Basically the message is, so what if he screwed you, we are going to watch him screw someone else too because he is paying us.Any half educated nit wit can call themselves a contractor in this state and things may go well for some time, its what you do when they don't go well that is what really matters.  

This didn't happen to me, but it is still the most significant mistake I have witnessed in real estate.

You likely can’t wholesale a property under contract wit a realtor.

I have witnessed far to much financial devastation from LA investors buying properties that have touted the highest returns only to realize they bought in a very tough neighborhood..

She also lied to me about owning only one property, when she wrote that she owns multiple properties in a text message to my son- which leads to the main point & which is probably why I am feeling like a mama-bear about this- I'm idly witnessing my 19 year-old-son getting ripped off on his first experience renting a place of his own.

I've been an expert witness in foreclosure cases and managed hundreds of foreclosures in my career.

However, quitting the day job is not a great idea at this point....perhaps you should read Rich Dad, Poor Dad or buy the Cash Flow game and learn about passive income greater than your bills each month....Brandon says 2x your monthly debt and I think that is smart.On the flip side, I've been married 25 yrs and divorce is a situation that I have witnessed in friends and family and it is never an easy circumstance.