why is everybody complaining about the percentage rate on the loan? Are you trying to scare the guests that are sharing their stories? Also it's not the hosts job to criticize or question the investors that come on the show? Shut up and learn. Then when and if you get onto this time of business charge the interest your heart tells you This woman is just trying to make a living she doesn't deserve to be judged by the audience that's trying to learn from her
Actually with fleas you want to either wear shorts or light colored pants. You want to be able to identify them on you before you get in your car or take them home with you. I had flee issues on several occasions with two properties
Tenants read and understand your states landlord Tenant law. These small time investors always violate the law. Most of them dont have the funds to retain an attorney. They try to get around the legal requirements to save money. Or they are new to this stuff, and just break the law on accident. Either way its money in your pocket because courts dont care that you are a small-time investor. Its why they say dont rent to Tenants that know the law. Because we will definitely take your profits in court.
Alternative real estate like rv rentals on airbnb mobile homes and trailers can have a great roi for a beginner looking only for cash flow.Rental arbitrage too
Manufactured home owners have absolutely no need for landlords or property management company's. Once the home is sited on the land, inspected and certified for occupancy, there is no difference between a manufactured home and a stick built home. Traditionally in the United States we do not come across many situations involving ground leases for residential properties. But if that's what you people think is the best way for Americans to own real estate than we could certainly switch to the freehold owner method where you buy the home but the freehold owner continues to own the land your home is built upon. In fact, many of you homeowners that live in a condo or HOA neighborhood may not realize that the HOA or condo association that you belong to controls the common areas and the rules that you must follow. They control the amount you pay in monthly dues and special assessments as determined by the board. If you don't have the money for assessments or fall behind on your monthly dues you can lose your home to the association. Yes, you may have an undivided interest in the common areas along with all the other homeowners but what good is a 1/500th interest in property when the board controls the monthly dues, major expenditures and all the rules and regulations you must follow as a resident of your development? Are you sure you have the full bundle of rights that traditionally come with the ownership of real property?
Really enjoyed the webinar. I took a lot of notes. It was very informative. I am very excited to join the team. I am going to sign up. Will call because i have a couple of questions.
I’m really surprised 😮 none of the host inquired or pushed back on that 18% rate charged. I know Josh Dork would have inquired about that. Update: Is it 18% one time on the $20k or is it 18% the remaining balance monthly? Good interview, information and knowledge otherwise!
You should be ashamed of yourselves, our park, our home a 55+ mobile home park who's residents are LOW INCOME, disabled, elderly, and veterans, a larger investor group came in and offered the owners of the park with a ridiculously exaggerated price. They are known to raise the rents, unbundle the water, sewer, and trash, increasing the strain on the park residents. They don't care anything about the residents. LEAVE THESE PPL ALONE. GREED!
I usually love bigger pockets podcasts, but I had a really hard time with this one. I nearly spit out the coffee I was drinking when she said 18% interest. That’s predatory. She is not doing anyone a favor charging them 18% interest. That’s near what credit cards charge and is illegal in many states. I really am disgusted that this is promoted as a “good strategy” and from the comments I am not alone. There are lots of opportunities in real estate, but promoting predatory loans is disgusting
I was thinking the same thing immediately when I heard that. I can understand making a profit which I agree with but 18% is predatory. I’m surprised both host didn’t pull her up on that. There has to be rules around a ‘reasonable’ interest rate to be charged.
So, it's okay for credit cards to charge that but not her? Give me a break. In the current interest rate environment, 18% for someone with poor credit is totally reasonable. No one is forcing anyone to accept that. It's called the free market.
Andrea, all of real estate and business is very competitive right now. Very true point. They are out there. We are still buying. Just like with anything, you'll need to work a bit harder to find a good deal right now :)
This is great information but I had to drink 12 cups of coffee in order for me to stay awake. Come on guys when your guest is as fun as watching paint dry, try to liven things up. Just saying
@@jgn1977it’s taking advantage of the most vulnerable population out there. Morally it’s very wrong but some people just don’t care. Obviously she falls into that category.
Congratulations to this guest who successfully took advantage of less than well off people by way of 20% interest on a trailer home justified by the guise of "providing housing " over and over until she could take advantage of entire communities. Awesome job bigger pockets you guest hosted yet another crook
