Account Closed
Due Diligence
30 March 2009 | 1 reply
Let me answer the question from my point of view:I would never expect a lender to advance me funds directly - the money should ALWAYS be sent to a lawyer in trust.I would expect that my lender would want his lawyer to review the agreement between us to ensure that my lender was covered.I would NEVER expect a lender to lend funds unless the funds were backed up by a hard asset with a substantial sum of money invested in the asset by the person requesting funds.For example - I will have $ 40 K of my own cash into the deal for a house that is valued at $ 180K +, but that we are purchasing for $ 160K.
Mike Hyser
Where would you start if you we me?
9 April 2009 | 11 replies
Credit isn't as important if your interested in creative financing techniques, I would highly recommend spending that money on more advanced education and or marketing depending on which strategy you end up choosing.
Jorge Caicedo
The most helpful component missing from wholesaling courses...
16 September 2009 | 9 replies
Great topic.In my experience I have seen some very inexperienced investors stumble through a deal (to their credit) in spite of their negotiating skills.Their biggest weapon was coming at the discussions from the place of how they could solve the sellers problem(s).Of course... those that developed more advanced negotiating skills not only increase their profits, they also got more deals to the closing table.One of my all time favorite negotiating books, one that I require all of my clients to read, is The Secrets of Power Negotiating by Roger Dawson.
Troy Stange
First commercial deal NEED ADVICE PLEASE!!
17 April 2009 | 19 replies
Thanks in advance!
Andrew C.
PM disappeared, thrust into self managing long distance. Help!
18 September 2018 | 16 replies
I currently remotely manage an STR (although it's only a few hours away) using a combination of Evolve Vacation Rental network and technology such as Nexia/Schlage digital door locks and other automation hacks for guest communication.
Matthew Webber
Is wholesale legitimate? If so, how do u get started?
17 August 2018 | 1 reply
Thanks in advance,Matt