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Results (10,000+)
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.
Gregory L. Rent it or live-in flip it?
26 January 2025 | 2 replies
I also really like looking at a giant balance in a bank or brokerage account.
Marisela Arechiga To ADU or to Purchase Another?
14 January 2025 | 8 replies
Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.
Rene Hosman WTF is a land swap?
16 January 2025 | 13 replies
I was involved in two small infill developments in Michigan (about 15 houses in total) so two very small parcels. 
John Jacobs Actual Cash Value versus Full Repair Cost
20 January 2025 | 5 replies
Actual cost takes into account depreciation so complete destruction of a property could leave you under water in terms of the amount paid for the loss.
Grant Woodward Pool liability mitigation
4 February 2025 | 13 replies
I see a lot of awesome amenity packed outdoor hang out spaces with outdoor pools posted on the many STR related social media accounts that I follow, but I don't really ever see any pool fences or other safety features highlighted. 
Mike Reynolds Solo K financing question
1 February 2025 | 15 replies
Mike,Take a look at the penalties for making an honest mistake with a retirement account
Colton Bridges How to refi out of hard money loan/multi unit
3 February 2025 | 25 replies
As soon as you get the leases signed and proof of security deposit and first months rent deposited into your account your can use it.The question should be, do I even need to get the units leased out to qualify ?
Joshua Nichols 21 Year Old Flipper
28 January 2025 | 6 replies
do you have IG account for your business?
Bailey Rentz Done with Stessa. Where should I go?
13 January 2025 | 10 replies
I have totally given up on Quickbooks though it remains the best accounting software for the non CPA type