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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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24 January 2025 | 36 replies
Ideally you want to be West of HWY 71
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14 January 2025 | 8 replies
Any individual PM (not associated with companies) who can handle 3 doors in Jax and Citrus Spings, fL
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9 January 2025 | 10 replies
I would try to find an agent with investor experience and, ideally, a focus on investment properties.
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8 January 2025 | 20 replies
Our biggest problem is getting her out so we can do a proper rehab 60 days of dead dime waiting for her to vacate is not Ideal obviously.
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20 January 2025 | 10 replies
When it comes to analyzing properties, I’ve developed a specific checklist to make sure the home fits both resident needs and operational goals:Square Footage: Ideally, at least 2,000 sq. ft. to ensure enough living space for residents and staff.No Stairs or Pools: It reduces liability and keeps the home accessible for everyone (this is just my preference).Corner Lots: I love corner lots because they often provide extra parking and outdoor space—both of which are critical for families and visitors.
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12 January 2025 | 1 reply
If staying in the deal isn’t ideal for you, an equity buyout by your partner or another investor could be the simplest path.
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6 January 2025 | 25 replies
I screen individual dogs (of any breed) with an in-person evaluation before accepting their owners as my tenants.
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13 January 2025 | 2 replies
Seems like there are a lot of individuals in this boat - especially in my sons line of work - which is lighting and tech for special events and music tours.
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9 January 2025 | 2 replies
@Ilia Zakharav, There's no problem in selling individual units and 1031 exchanging them as individuals.