Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

I’ve visited every other property I’ve considered in the past, so this is uncharted territory for me, and it feels a little out of my comfort zone.I’m considering putting it under contract sight unseen to lock it up, but I don’t want to make a rookie mistake here.I'm looking for some advice here.

To make a long story short, they are no longer able to make payments on the property and are in danger of losing it.I have a rental property in Southern California that I currently own whose value if I sell should cover the outstanding loan balance on the farm.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

This is uncharted territory for both of us.Thank you!

I think that could be dangerous if people are not careful in their evaluation. 

The first time they break rules (unless it is a direct danger to people/property) I have a kind chat with them and make sure they understand what they did was against the rules.

The biggest 'danger' I've experienced in the coaching space was coaches who took the cash and wanted me to follow 'their' program rather than coaching me where I am to get where I wanted to go. 

Loans like this can be useful or very dangerous, depending on how you manage your business.The ideal situation for a loan like this is when you have a property that will take a while to get up and running. 

This is a story from my past that provides a perfect example as to why investing in tax liens at auction is so dangerous for any but the most experienced and knowledgable investors20 years ago I purchased a SFR as a long term rental investment that sat on a double lot.