Got invited last minute to the "REBEL" event yesterday here in town. 

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.

DetailsDeal Finders Community is invited to a Behind the Scenes walk-through of a current renovation project from our Local Deal Partners!!

What free fix'n'flip Discord groups are out there and how do you get an invite?

I'd be careful - this kind of thing can put you at risk if you are wrong.A more effective way to do this that might contribute value to the world in some way would be to put together a reasonable, rational, and professional post, asking for feedback, and inviting the person you are accusing or highlighting of wrongdoing to respond. 

I posted on BP forums a walk invite that i would discuss everything related to the deal including the financials and the value adds.  

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.

A few free, simple things that helped a lot:• Google Calendar with Tasks or Reminders tied to lease dates• Standard templates in Google Drive for utilities and move in or move out checklists• A basic Google Sheet to track key dates so nothing slips• Google Forms to collect tenant info once instead of chasing paperwork• Sending tenants calendar invites or emails with their move in tasksNot fancy, but very effective without spending money.

It's simple to use, it's highly useful to have all your financial data stored in a cloud, and it makes it easier to invite a bookkeeper or accountant to access your QuickBooks account remotely. 

Better yet those who respond get invited for a detailed quotation.