Does Creative Real Estate Investing Make You A Criminal?
by Fortune Builders
Can you be creative in putting your deals together without being
considered a criminal or is it all a step closer to a new 6’ x 8’
residence with cold floors and bars on the windows?
‘Creative real estate investing’ has almost become a four letter word
in many people’s eyes. You can’t blame sellers, lenders, agents and law
enforcement from raising an eyebrow when they see the term in the after
math of the recent meltdown but this doesn’t mean that being creative
is always illegal and it shouldn’t stop you from pushing yourself to
reach your full potential through real estate investing.
Of course you should absolutely make sure that you are on the right
side of the law. There is far too much heat out there right now and the
penalties far too severe for anyone to risk their freedom by committing
any type of real estate fraud. You should be getting into real estate
investing to increase the amount of freedom you have and improve your
finances not gamble them away.
Flipping houses today can require creativity. Creativity and
resourcefulness in digging up the gold in great deals, putting together
winning marketing campaigns, building networks and attracting buyers to
your homes. However, this doesn’t mean you need to resort to anything
which will land you in trouble.
Laws and regulations have changed a lot in the last few years but as
with breaking any other law, just saying that you didn’t know won’t get
you off. It is your responsibility to keep up your real estate
education. While many real estate education courses and programs written
before the bubble may have been founded on good principals and tactics
which worked at the time many, many of them will land you in seriously
hot water today.
So by all means let your imagination fuel your real estate investing
but make sure you are also investing in continuing education or coaching
to stay on top of changes, stay out of trouble and tap into the latest
trends.
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