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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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12 January 2025 | 20 replies
It forced me to reach out to developers, to engineers dozens of local builders and most important like minded individuals.
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19 January 2025 | 21 replies
Right now my focus is going to be on the fix and flips to start generating some income.
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20 January 2025 | 14 replies
I have no w2 job, a lot of toys (need to get a plane), can do what I want, can assist my son to find his way in life (he is leading his 2nd rehab) and if I wanted I have generational wealth (I have given away a lot money the last few years).
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12 January 2025 | 8 replies
A real estate business can also potentially generate a SOLO IRA or something like that.
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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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12 January 2025 | 12 replies
Since they can't do each property individually, they use comparable sales to make broad generalizations to determine percent changes.
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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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15 January 2025 | 8 replies
we did this a lot pre 07 in that year Oregon WA and then CA made laws that had lots of teeth about dealing with those in foreclosure.. so we just stopped doing it risk was not worth it.I cant see how an individual can do this really..
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17 January 2025 | 40 replies
So I would buy the home and rent it for a couple of days, and then show the payment receive if you end up not being ready to launch and generate other bookings before the application window opens and closes.I'll direct message you my phone number.