Rob Cee
Experiences investing in trust deeds
1 August 2014 | 63 replies
Here are a few for the list that come to mind:-Failure to check that Broker’s representation of nature and condition of collateral is correct;-Failure to catch that Borrower is substantially overpaying for property;-Failure to verify that Borrower statement of business purpose of loan is inaccurate (loan in reality is for personal, household or family purposes) making loan subject to consumer protection laws and disclosure;-Failure to verify that insurance is sufficient and the type of policy that covers lender as insured for loss; or policy lapses after funding and servicer does not catch it;-Failure to verify that broker or arranger is properly licensed such that lender exemption from usury is invalidated;-Failure to monitor and require borrower to keep property taxes current;-Title company e-mail gets “hacked” and you wire funds based on fraudulent e-mail-Not understanding the limitations on your options and problems that come up with "fractional" (multi-lender) loans when they go into default-And here is one for the books that actually happened:: arranger comes into possession of notary stamp and commits identity theft by convincing lender, brokers, escrow and title that she is the person who’s identity has been stolen.
Karen Margrave
BEWARE WHEN SHOWING PROPERTY!! ARKANSAS AGENT MISSING!
12 July 2020 | 141 replies
Act like you hang up but don't, put the phone in you pocket to be monitored by your buddy.
Chris Adams
My 22 duplex lot deal - $1MM in debt - purchased with no money down.
27 December 2017 | 137 replies
By completed I mean roads, and infrastructure are all installed and taken over by the city.2 different companies have gone belly up to the bank since 2006 trying to complete this project.
Brandon Turner
How Do YOU Find Good Contractors?
9 March 2016 | 74 replies
These guys you have to monitor and tell what to do-- but they do it well.5.
Amy A.
How to get rid of neighborhood drug dealers
5 June 2016 | 14 replies
However I did monitor the footage, which can be done on a phone or ipad.
Brian Butterfield
Difficulty finding the right contractor to fit my business
26 August 2015 | 51 replies
Also, assuming that the investor that is providing this work doesn't provide so much work that the contractor has to add infrastructure to keep up... because odds are, the investor is not going to want to pay for the contractor to add infrastructure.
Wesley Pittman
First Purchase!
9 October 2015 | 41 replies
We bought our first tiny house a few weeks ago, and we are working on the infrastructure to get it in place so we can list it as a vacation rental.
Jason Morton
Is Credit Karma Accurate?
5 November 2015 | 6 replies
Extreme score fluctuations are common for things have that little or no impact on a real Fico score.A credit score provided by US Bank regularly through a credit card or checking account is also a Fako, not to be confused with Fico scores provided by US Bank during a mortgage application, Fico 04.Credit Karma also only calculates AAoOA where a real Fico score calculates AAoA.Credit Karma is good for routine monitoring and does a fair job of showing you your accounts and providing a basic look at your credit, scores and recommendations should be ignored.If you want a true picture of your credit, purchase MyFico 3B which provides all the variants of Fico scores including Fico 08 and 04.A cheaper route is Credit Check Total which will provide with Fico 08 scores for all three bureaus.
James Lindsey
Cash flow vs appreciation?
11 April 2016 | 53 replies
Example, look at Las Vegas, totally dependent on gambling and tourism with an infrastructure to support the main attraction.
Warren Lanham
Investor newbie looking for guidance
9 May 2016 | 8 replies
Also, I constantly monitor the MLS and setup alerts in different areas I am farming and make aggressive offers quickly and methodically.