Americans (and probably other nations as well) are woefully ignorant of financial and economic matters in general.

Beginning this year I have been aggressively studying financial independence and more recently been drawn to real estate.

Read those minutes and see if they are proposing any plans that will influence the owners financially, like a special assessment, changing rental requirements, etc etc. 

If she's not willing to do a simple background check why are you willing to risk your time, assets, and/or financial future?

A buddy of mine got me into listening to the podcast and now it has sparked some motivation for me to move forward in my venture for some financial long term freedom.Looking forward to what’s to come and learning from all of you!

I mean there are still sellers out there that wont use a realtor or any other advisor and don't know what to ask for in a buyer. and that allows the buyer with no real financial backing to get into contract.. it happens.. just like bird dog or wholesalers for the houses there are those that try to pimp development land.. most of the times they cant get into contract because they don't have the ability to transact.. but occasionally they do.. the one I am closing on in Oregon in December came from such a person and I paid him 125k in cash for the assignment.. but he worked for a large land development company as a employee for years.. so he knew the game he new the process.. and he got this seller under contract..

This is based on an ARV of $950,000.00, a rehab budget of $123,000.00, and holding costs of $12,000.00.Financial BreakdownPurchase CostsTOTAL REPAIRS:$123,000.00Return on Investment for Flip*(Based on no loans or leverage)12.25%IMMEDIATE49.67%ANNUALIZED

I'll also have three years of financial history to show it's a solid investment.A balloon payment of 3-5 years is pretty common.

Tenants do not have the financial wearwithall to handle roofs, ACs, furnases etc etc.   

We're doing pretty well and approaching our primary financial goals, to walk away from our W2 jobs and focus solely on real estate.