All Forum Posts by: Daniel Smith

@Daniel Smith   TOO FUNNY  there are probably thousand upon thousands of BP members that would love to make 100k plus a year.. and your telling folks your broke..

I get it.. .no more help for you .. your smart enough to make that money your smart enough to pull this off ... LOL  good luck do the right thing and you will be fine. !!!!

@Bill S.  most states have passed those laws.. Oregon WA and CA for sure... and OR and WA did it way back in 07 I think... it was at that time I stopped cold turkey working pre foreclosures... I qualify as a foreclosure consultant under the law here in OR  IE I am a licensed mortgage banker.. however the laws have way more teeth than just that.. in our state the equity is protected and must be shared. that right there makes most pre foreclosures a non starter from an investor stand point. and a quick way to get into problems .. the OP will be wise to freshen up on the laws .. and not just trust someone.

Also just antidotially @Chris Martin  I agree with Chris broke in need of money desperate what ever you want to call it.. is not a good scenario in most instances this will lead folks to take risks that could harm themselves or others... regulators could give a DOODOO about your peronsal issue when you violate the rules... LOL...

Nice to have you with us. Let us know how we can help.

Given that you state that you are clueless, I'd suggest talking to an attorney that can protect your interests and possibly make this deal work. I'm not trying to be harsh, but what you've said:  "The owner of the home is incapacitated" and "I'm broke and I have bills to pay what is my quickest and safest way to money here?" These are parameters for a disastrous result if you are not careful.

Disclaimer: I am not an attorney. This post is not legal advice and is for entertainment only.

Given that you state that you are clueless, I'd suggest talking to an attorney that can protect your interests and possibly make this deal work. I'm not trying to be harsh, but what you've said:  "The owner of the home is incapacitated" and "I'm broke and I have bills to pay what is my quickest and safest way to money here?" These are parameters for a disastrous result if you are not careful.

Disclaimer: I am not an attorney. This post is not legal advice and is for entertainment only.

 Where would I find that post?

    I like your attitude! I feel the same way. Although I don't have much now, I plan to build a very big empire and have always known success would be part of my future. Learning about real estate, I'm sure this is the vehicle that will lead me to that success

 I'd read some books on syndication and also Brandon Turner's book on he bought his. He used some creative finance to get the deal done. That'll up your mind on how to invest even further, especially for larger projects

Welcome to BP @Daniel Smith A willingness to reach out and talk to strangers is a strength that will serve you well. I believe one of the top things that holds new investors back is fear of talking to a strangers about buying their house.