Our gold meeting had one of my favorite people: John Fluker. John is a retired building inspector. He has saved my butt many times. A building inspection is someone you don’t want to tackle on your own. The inspectors have a lot of discretion and love to use their power over you. They basically hate you because you are making more money on one deal than they make all year.
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Buy a House, Go to Jail?
California is one of the toughest on foreclosure law and fraud and other laws that relate to real estate.
If you intend to buy foreclosure properties from defaulting owners, before the trustee’s sales occur, you should thoroughly familiarize yourself with the three codes dealing with rent skimming, home equity purchasing and acting in the capacity of a foreclosure consultant.
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You need all 3 types, in my opinion. The more people you have on your team, the more choices you have. It’s tough to paper train people so you want someone who understands what you do and is knowledgeable in that field,
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Watch my video. it’s easy to get caught up in the hype from some slick promotion company who know more about marketing than they do about real estate.
Cofounder of LearnLux and 2016 30 Under 30 honoree.
“If you wait until you’re ready, you’ll be waiting for the rest of your life.”
Early on in starting my company, people advised me that I should have more experience, more time, and more money. I didn’t.
Read more on great article about why people don’t get started investing…
Since this is the biggest group of people, its important to know who they are and what their lives are like. Unlike earlier seniors, these people are vibrant and less likely to go into a retirement home. Many of them express a desire to move but to downsize and move to be near family.
Read more on Baby Boomers are important to real estate…