Ken M.
Creative Financing and Some Things To Know
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.
Chris Seveney
Is it really this bad with syndicators?
16 January 2025 | 19 replies
Quote from @Chris Seveney: @Jay HinrichsGreat points - yes many are from here on BP such as a bearded guy, a guy who threatened to sue a LP and still doesn’t respond according to his investors, two other “note funds” one investing in skidrow homes and the other in broadway plays….
Martin Jones
Raising Capital When First Starting Out
16 January 2025 | 4 replies
When you have a proven track record of performance, then you can play with other people's money.
Kristi Kandel
Resources to Help LA Communities & Families Rebuild After Wildfires
13 January 2025 | 4 replies
Shout out to permit professionals like Roy Hasson (just a friend in LA specializing in navigating permit process - this is not a business play we do not work together), who are dedicated to helping others and will likely develop similar resources to support their communities through the rebuilding process.If you’re working on rebuilding efforts or have questions, feel free to connect with me—I’d love to collaborate.
Noah Laker
Opening a Sober Living Facility
19 January 2025 | 5 replies
I recently have connected with investors who are interested in assisted living facilities, with the play of unlocking government funding, not sure if there's similar opportunities with SL facilities.
Tove Fox
Residential vs. Commercial Real Estate Investing?
5 January 2025 | 13 replies
Most of the bad noise right now is about downtown skyscrapers and REIT or Syndication apartment complexes where they played short term versus long term interest rates wrong.
Luke Tetreault
2 years in, Growing Pains! What's the Strategy?
14 January 2025 | 9 replies
Yes we tried everything, and Yes I know now that wasn't the best play haha.
Cody Caswell
Your Design Doesn't Always Have to be BOLD!
18 January 2025 | 3 replies
Roof lines, window styles, and masonry/siding all play into this natural flow, and the biggest mistake you can make when designing your flips is not following the flow that is already present!
Tyler Koller
Baselane Vs Stessa
16 January 2025 | 31 replies
Yes the Class feature Cost a bit extra which is a bummer bet the support for it is amazing, and it is easy to allow access for Tax Accountants to pull the reports they need rather than my clients playing middleman.
John Underwood
BOI requirements back on hold
6 January 2025 | 4 replies
So the Jan 13, 2025 deadline is no longer in play