29 April 2024 | 113 replies
I think the issue comes frankly when the advice is bad and/or harmful to the audience which is obviously subjective, but someone going on a podcast and telling you how to do a 1031 well to me is a lot different than telling people how to invest in real estate using “other people’s money” or sub-2, I also think the site needs to consider the broader effect on the public with some of thier strategies, for instance I’m not opposed to people buying “off market” if it’s done ethically and with everyone being on the same page, but you tell a broke 22 year old to buy “off market” and they are going to take advantage of old people, I’m not totally confident biggerpockets even understands its own audience, I used to host a real estate meetup, I had to stop because it was literally meeting after meeting if me taking some 22 year old kid out of doing something either stupid or often borderline illegal, it wasn’t fun after a while, but like that’s the core bp audience at this point more so than people like me & you.Thanks for those kind words all.
14 November 2015 | 56 replies
My experience, education, was the deal at the disadvantage of others, was anyone harmed anyone suffer a loss, did I advertise the contract or the property, was I involved in settlement or did I act in having the transaction closed, did I show the property by myself??????
2 September 2019 | 504 replies
Brian you seem to be very interested in treating people very fairly and really helping them and that's what I am all aboutMany wholesalers who have been taught " to step on people to make money "contact me because they want to help Sellers fix problems and develop a reputation for being fair and honestI had one of my students that was a wholesaler for five years and really hated it because he had to keep going back to the seller to push the price down because the cash buyer wanted to cheaper priceI look at the best way to get started in real estate is to get your license and solve problems for sellers and get testimonials on your website that you were honest and fair helping them solve their problemMy dad was a poor Irish second-generation in Boston and had no money when he was a kid and he became an orthopedic surgeonHe told me "do no harm" when I was a boyI think to me "the wholesaling fever pitch seminar racket" is "stepping on people to make money"An alternative to the "wholesaling only" model is to be able to "help sellers sell on terms verses for cash"Ron LeGrand in Tampa has said to his students get licensed because of the brokering laws in FLI really feel that people should just do the right thing in the beginning, learn every legal way to help people with real estate, and you'll develop a reputation for being a great fair business personif your licensed you can act as a principal and use creative techniques like subject to, lease-option assignment, wraparound mortgages, master lease options, master leases, whatever tool works for the situation
20 January 2020 | 151 replies
Originally posted by @David Hines:Originally posted by @Michael Quarles:If someone believes that buying low and selling higher without performing improvements is unethical and that the buyer is harming the sellers then that person doesn't understand the value of liquidity and convenience.People often ask why a seller would sell me their home for 260,000 when I tell them and prove it to them with both a BPO and Appraisal its is worth 400,000 .
1 September 2016 | 137 replies
I don't see any harm in their impression of themselves on BP, but a bit more care might be in order when someone is speaking with someone who really is an investor, one with experience and means as they may be laughing behind that smile, knowing the difference between an operator and an investor.
15 November 2018 | 14 replies
@Breshawn Hawthorne Despite the lack of harm to the seller, do you find no ethical dilemma in misleading a seller?
29 December 2015 | 81 replies
Heck that's is such a tiny %.I don't believe a smoker intentions is to cause direct harm; nevertheless in many instances it does.