Make sure the LO that is quoting you is asking all the questions.2.

I have an LO on my staff whose client buys 200 homes a year in Gary.

It’s either coming from someone who’s never truly mentored others, doesn’t understand the level of commitment real mentorship requires or is just hoping to get enough lo ticket subscribers to cover their bills.I’m all for investing in our education and learning from others, but real mentorship isn’t cheap, because real results aren’t cheap. 

https://www.courtlistener.com/docket/68086281/seiler-tucker-...https://www.courtlistener.com/docket/68037763/north-haven-lo...https://www.law360.com/real-estate-authority/articles/177058...https://www.ripoffreport.com/report/david-hughes-genie-walte...

If you’re not sure whether everything is in order, check with your LO before you apply,Your Bank Statements Look… SuspiciousLenders actually read your bank statements (shocking, I know).

  - Cheaper isn't always better (see reason above)- Feeling unclear on costs when the LO is explaining it to you. 

With single-asset deals that are losers, this option is off the table, if the deal is sold at a loss investors take a loss with no chance of recovery.Just food for thought as there are pros and cons to every structure.The problem with the fund is execution, if they are reckless they could buy it wrong and we have no power to accept/refuse as money already gonewith single asset lo can do very heavy DD prior to acquisition  

Aspen, Colorado – 124 E Durant Ave Unit 7https://share.icloud.com/photos/0acH8n4Owg-NjmQOg8BGx_3pQJust closed on this one through a 1031 exchange — extremely excited about it!

However, a lot of the nationally focused lenders  do not allow for cash out on investment properties in Texas simply because it would be such a small % of their overall business and they just do not want to run into some unforeseen legal issue. so they just do not allow it, and the LO's assume if they cannot do it, it must be illegal.  

well just download these 26K sold SF in Detroit,MI for last 5 years then filter the data on excel:https://www.redfin.com/city/5665/MI/Detroit/filter/sort=lo-d... privy is good when you want to do more intelligence where there're more "flipping" activity.