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All Forum Posts by: Account Closed

Account Closed has started 33 posts and replied 1696 times.

Post: Creative Finance Real Estate Attorney

Account Closed#1 BiggerPockets Exclusive PRO Area ContributorPosted
  • Professional Auctioneer
  • Baltimore, MD
  • Posts 1,857
  • Votes 1,470

I am sure we here at BP know more about creative financing than most ALL lawyers, and the price is right- like free.

Do you have an idea do what you are trying to accomplish ?

  • Control and roll
  • Delayed settlement
  • Subject to with right of possession 
  • Vertical break up
  • Principal only mortgage 
  • Stutter mortgage
  • Front porch clauses
  • Delayed payments
  • Joint ventures
  • Hybrid offers
  • Performance offers
  • Assignment agreements
  • Cash flow or equity systems

Just to mention a few ideas. You can spent lots of dollars with lawyers or you can get what you need here.

Stay in touch.

Charles

Post: Finding right properties

Account Closed#1 BiggerPockets Exclusive PRO Area ContributorPosted
  • Professional Auctioneer
  • Baltimore, MD
  • Posts 1,857
  • Votes 1,470

Been in Baltimore for 74 years, just finished a commercial building and working on three apartments. Glad to chat with you. Own a REIA, meeting first Tuesday. Stop by - happy to help.

As for areas to invest - I don't restrict - if the building can create cash flow or equity I'll do the deal. Working on developments on Ameila Island also. Stay in touch, glad to help.

Charles

Post: Newbie looking to team up

Account Closed#1 BiggerPockets Exclusive PRO Area ContributorPosted
  • Professional Auctioneer
  • Baltimore, MD
  • Posts 1,857
  • Votes 1,470

There are many out there who will charge you for the so called mentoring! You need to be aware of the ones who call themselves investors and mentors - most are only regurgitating what they have read in books or garnished from seminars - many are just FULL OF IT!

You can get lots more here at BP for free.

A great mentor will write the offer, creative the necessary clauses in the offer - guide you when ever you need help and most importantly will co-purchase with you - 

Before you select someone to be a so called mentor -- you need to look at their financial statement - check to see if they really own real estate - have a license - are bonded and insured and have a tract record of doing deals! Goggle them.

Thomas - I responded to one of your other posts here - I know you are serious and want to make the right investment decisions - but be very careful. There are just too many people with BIG HATS and NO CATTLE - talk is cheap - actions and references are better!

Charles

Post: For Note Investors

Account Closed#1 BiggerPockets Exclusive PRO Area ContributorPosted
  • Professional Auctioneer
  • Baltimore, MD
  • Posts 1,857
  • Votes 1,470

so you have NO control?

Post: CT lawyers

Account Closed#1 BiggerPockets Exclusive PRO Area ContributorPosted
  • Professional Auctioneer
  • Baltimore, MD
  • Posts 1,857
  • Votes 1,470

What do you want a lawyer to do for you? What would you ask that lawyer? (we investors are usually smarter than lawyers!)

If you have a REI deal now - great - save some money - ask me - Ask us on BP - the answers are free!

Charles

Post: Newbie looking to team up

Account Closed#1 BiggerPockets Exclusive PRO Area ContributorPosted
  • Professional Auctioneer
  • Baltimore, MD
  • Posts 1,857
  • Votes 1,470

Why do you think you need a team? All you really need is a deal - the team will come! Maybe some of these ideas will help you -

  • Learn Power prospecting - where to find the motivated seller (not listed real estate)
  • Negotiating - how to put the deal together - how to control equity and take possession
  • Contract Engineering - what important clauses to use to able you to assign properties, what to do if things don't work - how not to get sued - 
  • Controlling real estate - how to control hundreds of properties with little or no money using check funds - delayed financing
  • Creative Financing - Delayed settlement - banking days - hybrid offers - joint ventures - partnering with sellers - vertical break ups - front porch clauses and contracts - etc

A team - a lawyer -they are a dime a dozen - agents - the same price - title companies there are many right in your back yard - none of the above will help you until you have something for them to work on. All will be glad to take a retainer deposit.

Keep your money for the important things in this business - marketing

Charles

Post: Never have an expired listing again!

Account Closed#1 BiggerPockets Exclusive PRO Area ContributorPosted
  • Professional Auctioneer
  • Baltimore, MD
  • Posts 1,857
  • Votes 1,470

I did check your links out, but don't understand how you can say "Never have an expired listing again!"

How does this work if my seller wants all cash and the listing is just about ready to expire?

Can you share with us some deals of your bold statement?

Post: New investor near Baltimore, MD

Account Closed#1 BiggerPockets Exclusive PRO Area ContributorPosted
  • Professional Auctioneer
  • Baltimore, MD
  • Posts 1,857
  • Votes 1,470

MdReia.com

Post: New investor near Baltimore, MD

Account Closed#1 BiggerPockets Exclusive PRO Area ContributorPosted
  • Professional Auctioneer
  • Baltimore, MD
  • Posts 1,857
  • Votes 1,470

Wishing you good luck. Been investing for over 40 years now in Baltimore. Come to our REIA next month. Fun place to network and meet others.

Charles

Post: Cali Board of REALTORS Approved Purchase Agreement @ STAPLES?!!

Account Closed#1 BiggerPockets Exclusive PRO Area ContributorPosted
  • Professional Auctioneer
  • Baltimore, MD
  • Posts 1,857
  • Votes 1,470

This contract is contingent upon third assignment........this and few more words added is all you need.