There are already statutes and regulations regarding fraud and deception in real estate transactions.Educating people who want to be educated is fine, but if a governing body restricts the pool of ready and willing buyers, more properties will go to foreclosure and sit on the market longer.Real estate investors perform a vital function in every jurisdiction: putting properties back on the market, in good condition.Many of the properties they buy could never pass conventional lender's inspection because they typically require tens of thousands of dollars in repairs that most homeowners do not have or cannot do themselves.Additionally, many real estate investors near metropolitan centers can access almost an unlimited pool of funding to buy and remodel properties if the numbers work.From contract to close, the time can be in as little as 3-4 business days.The delay is mostly waiting on title companies.So when flippers mail letters and post cards to owners saying they can "close quick" and "all cash", that is a fact, not fraud.Of course, realtors will recommend you list your property – that's how they make money – so they are self-interested, which makes the report biased.Maybe next time you can have a "flipper" on you show for balanced reporting.The idea of anyone feeling "pressured" by getting a post card or flyer is ludicrous.If the homeowner doesn't want to sell, the solution is to throw them away.But the idea of "there ought to be a law" is equally ludicrous.If there are bad actors committing fraud, the answer is to enforce the laws already on the books.Out of all the properties posted for sale every 1st Tuesday of the month at the trustee's sale, a very large percentage never make it because they are bought by the very flippers you disparaged.If not for the real estate investing community, cities around the country would look much, much worse.My biggest complaint with your report is that you completely failed to get the rest of the story.Your editor needs address this."

And of course, I don't really want to buy on speculation so I suppose the answer to my question is no (but yes).

I basically stopped answering her calls and texts.

@Nick TzenevrakisTo answer your question about accounts - if you're buying the property in your name, technically you don't need any separate bank accounts.However, I would highly recommend you set up at least a separate checking account to manage everything related to real estate.

@Lane Kawaoka depending what you're looking for (info, answers to questions, basic deal structure, investment opportunities, etc.), I likely can.

I’m guessing the smart answer is no.

I'm wondering if there is a better way to describe what I do or to answer the question, "what do you do for a living"?

I luckily had a cpa answer my text right away and saved me a big headache.

At some point i was in your exact shoes (4 months ago to be exact), and i came to these forums to get all of my questions answered.

That kind of loss would be devastating financially and I need better coverage.Once you know your answer to that question you know which type of policy to take.