Treza Edwards
Cash Flow Corrections
14 January 2025 | 6 replies
How can I correct cashflow issues if I have 3 properties?
William Taylor
[Calc Review] Help me analyze this duplex in Michigan - are these numbers correct?
12 January 2025 | 12 replies
Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)
Wiley Hood
Are DIY cost segregations a good idea?
12 January 2025 | 28 replies
I have used KBKG in the past but I currently use DIY cost segs, https://diycostseg.com/who-we-...I like them better than KBKG because if you make a mistake you can correct it.
James E.
Real Estate professional logbook example
17 January 2025 | 214 replies
@Clive Smith I have a sample log in format that follows the IRS Audit Techniques Guides (ATGs).
Noyessie Hubert
Am I understanding this rent control law correctly
26 December 2024 | 2 replies
Hi @Noyessie Hubert that should be correct.
Brady Morgan
Securities Based Lending for Low Interest Rate
17 January 2025 | 19 replies
Quote from @Brady Bitter: Quote from @Andrew Postell: @Brady Bitter yes, some of us use this technique for temporary money.
Banjelsin Ambriz
Getting the ropes, and getting to work
7 January 2025 | 0 replies
Am excited to venture into wholesaling and I've been educating myself on terms, technique, and form of going about it.
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn 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 neededKnow 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.
Joe Pierson
The Correct Funding
24 December 2024 | 6 replies
HI,
Is opening a LOC on my primary a good option to fund flips or is there a better solution to get the funding? There's no charge to me to get these funds except a yearly fee of 200.00.
Thank you
Francisco Milan
Listing Agents Question: If you needed to get 5 listing this month .....
7 January 2025 | 1 reply
Those are spray and pray techniques that don't fit with sellers right now because sellers/owners are sitting on a very low rate and don't want to move to go up 4-5 points on their rate.Listings aren't a start now thing as well.