Safe,Residential,Real,Estate,I business, insurance Safe Residential Real Estate Investing
As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The
If youre investing in residential real estate, you want to make sure that youre investing safely! Just like any business, in real estate investing youll find that there are people who will take advantage of you if theyre given the chance. Be smart and protect yourself.I recently met an investor who shared the following story with me. He said, Luis, Im concerned about my portfolio. I recently purchased a lot of inventory and Im experienced in real estate, but what happened is that I partnered with the wrong people. I did my due diligence. I got my title reports, but I actually was defrauded. I was defrauded because I didnt take the extra steps to protect myself and verify the work.What happened was he was sending money to escrow instead of sending it to a title company. The escrow company actually switched the money to another escrow company -- without his authorization -- and all of a sudden he lost his money. He was defrauded because he did not have control of the escrow. He did not wire to title. You can get yourself into a mess if you dont know the process and the procedures to buying real estate. You always have to know who has control and what the steps are in order to protect your money. Thats the key thing. Having the right title officer in place is always key to protecting your assets.Remember this as well: if you partner or create a joint venture with other individuals, although the cost or the splits between you and that other individual may be very low, if your partners control third parties youre contracted to, those third entities can cost you money.For example, if I joint venture with you and youre my investor, and I have this property that were going to buy, Im going to say youre going to give me just 10% of the profit. But if I control the construction, and I control escrow, and title is my cousin all these people are charging you. Youre not splitting on all those third-party services. So Im getting my 10%, but Im also getting money from these third parties as well. Construction is one way weve seen people get charged an arm and a leg, just because they do not have the ability to see what the work is really worth. Escrow is another way as well.What Im trying to say here is, you have to know what youre doing. You have to team up with the right people in order to protect your money and be able to purchase properties at the right time and at the right price.Surround yourself with people you can trust and build and nurture those relationships. They can save you a fortune in the long run.
Safe,Residential,Real,Estate,I