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22 January 2025 | 25 replies
Based on your description, if you take on responsibilities such as decorating, marketing, bookings, and bookkeeping, you could potentially meet the hours required, even with a property manager handling on-site tasks like maintenance.
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5 January 2025 | 17 replies
Couple of notes based on comments you made in response to others:1.
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3 January 2025 | 8 replies
I would explain to them your process of handling requests, response times, property inspections, and so on.
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2 January 2025 | 4 replies
Appreciate the response!
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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19 January 2025 | 42 replies
@Steven Hamilton III reached out by email to arrange a consultation with you about the information below, but I also post it here in case you want to reply publicly so the response may also help others.
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3 January 2025 | 26 replies
Mary Jo, thanks for the response.
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10 January 2025 | 21 replies
Hey @Brian Rocha I’ve been reading through your posts and responses—lots of great insights here!
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2 January 2025 | 6 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.