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21 January 2025 | 11 replies
There were at least 5 individuals who seemed ready to rise to the occasion and help this poster with their borrowing needs.
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25 January 2025 | 13 replies
The company that did the repair is their "preferred" vendor for these things which in itself is not sketchy, but I don't think there is a way for me to know if it is a friends company or something.
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28 December 2024 | 12 replies
. ;)Preference is electronic transfer through my management software.
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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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15 January 2025 | 6 replies
I know lots of installers don't do it, and I personally prefer the unimpeded look, but anything installed outside of the requirements of the material is probably going to be limited, i.e. the insurance company is not going to pay you because the material was not installed according to flooring requirements.
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3 February 2025 | 27 replies
Use a property manager for out-of-state properties or if you prefer a hands-off approach.
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17 January 2025 | 19 replies
They are too much of a gimmick and most tenants prefer to have the bottom-line expenses.
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11 February 2025 | 183 replies
However, nothing prevents two parties from owning % of that lot and living in each building (one in main and other in ADU), creating tenants in common.We may soon see the first individually financed (30 yr mortgage) ADU in LA this year and it will be very interesting.
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10 January 2025 | 6 replies
I am also a licensed EMT, and would love to provide housing for travel nurses, contractors, etc. in that realm since I can relate to them in previous jobs that I've had.I'm looking to invest in these states preferably: Georgia (1st choice - preferably near or south of ATL or in/near Savannah), Alabama, South or North Carolina, and Florida.
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11 January 2025 | 49 replies
Residences and cars are not purchased in individuals names.