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26 January 2025 | 32 replies
If it isn't for you, doesn't make it a "scam."
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18 January 2025 | 15 replies
Last, like i tell many clients, "just because I have a program doesn't mean you will want it".
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29 January 2025 | 21 replies
. 💰 At this point is a no brainer 🧠 and we know if it doesn’t work out or we don’t like doing it we can always revert to a traditional rental.
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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 January 2025 | 19 replies
Unfortunately, the world doesn't work ethically anymore for far too many.
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18 January 2025 | 9 replies
Aiming to maximize cashflow to fund future investments, but as newly weds rent by the room doesn't feel practical right now.
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9 February 2025 | 32 replies
@Josh Chapman Podio is great to prove out a proof of systems concept, but it doesn't scale well.
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10 February 2025 | 21 replies
Since it’s in a business entity, it doesn’t show up on your personal credit report or affect your DTI, giving you more flexibility for future financing.
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8 February 2025 | 49 replies
If this endeavor doesn’t fully pan out, I’m comfortable treating it as a side project alongside my W-2 role.