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5 December 2024 | 5 replies
In my experience, being around growth like minded individuals is what has allowed me to grow the most.
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12 December 2024 | 37 replies
The only person getting rich was my loan broker.Then, I dropped my broker and switched to dealing directly with Chase Bank.
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16 December 2024 | 1 reply
We bought lists of homes and sold them off individually.
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19 December 2024 | 9 replies
Yes, because Private Money infers that you are in a negotiable deal where your project can be outside the box and you can negotiate unique terms with a private individual - that - or a big box lender with strict rules and guidelines.
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18 December 2024 | 9 replies
They can work out that payment situation..... who is paying what/when/how... not my problem The deposit is on the property, not the individual.... its stays with the property- if the "move out person" wants their portion now, they can get it from the "stay person" and the "stay" will get the full amount at move out.
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18 December 2024 | 20 replies
I started the tax lien foreclosure and the owner redeemed with about 2 weeks to go.You have to look at each county individually to see;Do they sell OTC liens/certificatesIf they do sell OTC, do they sell OTC all year long or only in a special OTC auctionIn Florida, counties that offer OTC certificates, you can earn the full annual 18% (1.5% per month).
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18 December 2024 | 7 replies
I wouldn't say impossible as any individual can loan you money at the end of the day as a private lender, but most lenders won't even go to 0% with experience.
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17 December 2024 | 11 replies
Owning properties through LLCs in their respective states avoids the need to register a foreign LLC, which adds costs and administrative requirements.If you plan to acquire properties across multiple states, you could create a parent LLC in Florida and have individual property-specific LLCs (child LLCs) in each state.
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15 December 2024 | 10 replies
For his first two years here he stayed in a rooming house, because he couldn’t afford his own house or apartment.After World War II this country “got rich”, affordable housing became plentiful as “the suburbs” were developed.
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19 December 2024 | 82 replies
Identifying the right people will set you up for long-term wins.Remember, credit is a tool—it’s not about getting rich quick but about building wealth responsibly.