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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.
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30 December 2024 | 0 replies
Hello I'm looking for a good investor title company and/or real estate attorney in the Sarasota area if anyone can recommend someone they have used.
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11 February 2025 | 183 replies
Originally posted by @John A Murray:Due to SB 13 I will be saving $4,600 in impact fees for my 380 sf garage conversion (not yet permitted but close to being ready to submit).The other big thing going into effect on 1/1/20 is the new California Title 24 2019 energy standards; specifically the solar requirement.
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13 January 2025 | 11 replies
Here's the state law: https://law.justia.com/codes/tennessee/title-66/chapter-28/p...3.
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15 January 2025 | 15 replies
We fund multiple private loans each much and they are run through title/closing exactly the same.
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13 January 2025 | 3 replies
Not only does it hurt the returns, it is a very attractive target for ambulance-chasing lawyers and title fraud.
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8 January 2025 | 7 replies
Quote from @Zalman Ives: Quote from @Tom Miller: Quote from @Zalman Ives: Quote from @Tom Miller: Like the title read the city wants tobuy my property it’s ran down.
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8 January 2025 | 1 reply
Once you go under contract, (here in Texas) fine a title company that works fast that you can trust, even before the contract is assigned know if they work with wholesalers and how they can help you.
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29 January 2025 | 40 replies
Next time tag my name if you need me to see your posts ;)Sadly, I have yet to see anyone do SEO correctly.
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12 January 2025 | 23 replies
I was going to tag Will like I always do but he already did it so that's covered :) I am in a college town and have rented to a lot of college students.