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1 February 2025 | 30 replies
A good manager can improve performance for a mediocre investment; a bad manager will kill a good investment.
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17 February 2025 | 61 replies
The craziest part is they get paid when the deal closes so you get direct access to a super willing person to help through this process AMAZING.
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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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13 January 2025 | 16 replies
I was overwhelmed with projects at the time but paid $35,000 and sold two years later without any improvements for $125,000.
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15 January 2025 | 15 replies
Hi everyone,I’m looking for some guidance on improving the performance of our short-term rental, and I’d really appreciate your insights.
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22 January 2025 | 12 replies
Without a mortgage, this decreases the risk of a rental vacancy and improves cashflow.
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16 January 2025 | 7 replies
Cameras are motion-activated, can give you alerts, you can record the video and access it from anywhere, etc.
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23 January 2025 | 10 replies
While it makes homeownership more accessible, it is a good sum of money that is not contributing to your equity.2.
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15 January 2025 | 6 replies
This approach might speed up access to funds without waiting for June.
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9 January 2025 | 10 replies
You want access to equity but you also want access to the full profits without safrificing it to expenses to expand your business.