Gabe Chase
Best Amenity to Add?
30 December 2024 | 13 replies
Thoughtful extras, such as welcome baskets or well-stocked kitchens with basic spices, can make a stay memorable.
Marcos Carbi
Advice Needed: Long-Term Tenants Behind on Rent – How to Handle?
18 January 2025 | 8 replies
But if they don’t even bother to fill out the forms to apply, or get a basic job to make ends meet, or borrow money from family or friends/ somebody else besides you, then they can’t stay.
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.
Tyler Kesling
Funding Your First Deal
7 January 2025 | 16 replies
Our County Court Clerk provides the forms right on their website and it is literally a 15 minute cut and paste event to fill out the eviction forms.
Mohammed Islam
Seller trying to keep EMD, financing fell through.
1 January 2025 | 8 replies
Why wouldn’t you go to court?
Taylor McClure
I’ve heard of buying pre-foreclosures, anyone have experience?
15 January 2025 | 8 replies
Hi, pre foreclosure in all of its permutations, before the bank sends Notice of Default (NOD) or efter which is state even county dependant but often starts a 4 week clock till the trustee auction are the 2nd most difficult deal scenario and IMHO only experienced investors should bother, the 1st most difficult deal scenario are bidding at the court house steps on lord only knows what is being auctioned off sometimes even 2nd mortgages, you need to do so much home work to attempt to reduce your risk at the court house steps...Pre foreclosure no one talks about these issues, always about the nice sounding stuff like "motivated seller" get a good deal etc etc both are usually not the case.- 95% of folks in pre or post NOD want to stay in their house, keep their house inspite of them 100% will loose the house at the auction.
Andrew Rodriguez
My Involvement in Fixer Upper
13 January 2025 | 9 replies
They can go to court and the court will order the property to be sold to settle things.
Robert Frazier
Your LLC could cost you $500 per day if you don't comply with new FINCEN reg by Jan 1
1 January 2025 | 4 replies
https://natlawreview.com/article/texas-federal-court-issues-nationwide-injunction-against-enforcement-corporate
Pankaj Malik
Tenant threatening to sue and wants to extort money
19 January 2025 | 27 replies
Plus, he said let the tenant go to court as burden of proof is on him.
Aaron Wolman
First Turn over
11 January 2025 | 7 replies
The only thing I would mention here is you shouldn't have anything in your lease that a court would consider unreasonable, in case you ever need to go to court.