13 January 2025 | 41 replies
Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn 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 needed Know 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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21 January 2025 | 59 replies
All this is why, I believe, it's a rare thing in the REI industry.
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6 January 2025 | 15 replies
I have all kinds of specific searches set up for my investor clients to help find the best deals.
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29 January 2025 | 6 replies
I’ve built a 12-door portfolio here since 2019, and it’s been one of the best decisions I’ve made in real estate.If you’d like to dive deeper into Detroit-specific strategies or need some pointers on how to get started, feel free to reach out!
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13 February 2025 | 16 replies
Do you have a specific policy on evictions.
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26 January 2025 | 19 replies
We had our Podio custom-built to meet our specific requirements, systems, and procedures.
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31 January 2025 | 7 replies
Consult with a qualified tax advisor who understands these limitations and can help develop a comprehensive strategy aligned with your specific situation.Remember: The best tax planning looks beyond immediate deductions to your complete financial picture.
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12 February 2025 | 16 replies
Good specifics - thanks.3 story "walk up" - like a unit on each floor?
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23 January 2025 | 2 replies
Is there anything specific I should focus on during the due diligence process, particularly regarding title and document inspection, compared to a traditional sale?
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19 January 2025 | 8 replies
As mentioned above, they specifically allow this.