Zack Childress reviews about common real estate rip-offs and how to avoid?

Zack Childress reviews about common real estate rip-offs and how to avoid?

The real estate sector is growing day-by-day and so is the scams connected with it. Even though people have become more informed and cautious about it, ironically some are still susceptible and get ensnared to some con artists, fly-by-night operators to false promises and invalid buy-one-get-something-free offers. Seeing that buying a real estate investment is one of the largest purchases that most of us will ever make, it is very essential to stay wide-awake, in order to not be deceived by the crooks. Having said that, a huge chunk of hard-earned money and life savings are on the line, so you can’t afford to lose it easily; this article will bring out some of the common scams or rip-offs of Zack Childress reviews.

zack childress

  • Moving company holding your item as hostage: You have found the perfect house and all set to go there and live your life, but moving is such a annoyance and you just don’t have enough time to research for the best moving companies that offers great customer satisfaction and service, so you hold on to the cheapest one that grabs your attention and saving some dollars. Unfortunately, in this con game, the swindler after driving off with your valuable belongings, the mover decide that they would like a more cash and hold your things as hostage until you pay more money than requested and this is essentially a ransom. This scam is very common and the best thing you can do to ensure that your mover is genuine is to check whether the company is registered, insured, and BBB accredited. Your best bet is to have a spokesperson or any representative from the moving company check out your stuff in person prior to drawing up the estimate.
  • Rental of empty houses: This type of scam makes victims out of both the homeowners and the renters and it starts by the crooks looking for homes that are idle for a longer period of time, usually while the actual owner of the house is away on extended vacation or working in another state or abroad. Finding out homes of that type, crooks then post listings for the homes online. Claiming as the owner of the house, or as a person authorized to rent, these con artists will break into the house and change the locks and prepare official looking documents only to steal your money and evade. On the other hand, the same tragic ending takes place with the original home owner returning back to find some well-intentioned stranger renting out their home.
  • Fake rental listings:Crooks can very easily copy and paste the listing produced by genuine property owners but significantly for a lower price, which is said to generate furious interest and they take advantage of this and demand for some down payment or try to hook you up to mortgage scams. So do not wire money before seeing the rental unit. Outsmart them by all means, as you begin investigating new homes for sale or rent; make sure that you educate yourself on listing scams and online fraud. Zack Childress urges you to be on your guard in researching the authenticity of any potential listings and perform all appropriate due diligence.

For more in-depth rental scams read Zack Childress Reviews about Common Rental scams which will reveal the red flags and how to avoid them

Zack Childress reviews about red flags of Rental scams and how to avoid them

Zack Childress reviews about red flags of Rental scams and how to avoid them

Apartments for rent signs open the door to a rental scam! by zackchildress

Landlords seek tenants, while scammers seek target in the name of rentals. Whether you are in the market to rent or looking to rent out your home, it is important that you are wide-awake such that you DON’T get locked in the sights of a rental scam trickster who appears to be very loyal and legit.

Zack Childress Review About Co-wholesaling Joint Venture

Red flags of rental scam

When your gut feeling says that something’s not right about a proposed deal together with any of the following scenarios, then you need to take some action to not be deceived by the con artists. Listed below are some of the common things and it includes:

  • The owner of the property or the renter claims to be out of the country.
  • Communication is exclusively by email or over the phone
  • Hush-hush and urgent communication, i.e. when the person seems to be in a hurry and wanted to close the deal ASAP.

For renters:

You should suspect:

  • When the house has a “For Sale” sign but not a “For Rent” sign.
  • When the lock box is broken but the agent having his own or different keys to let you have a look at the property.
  • When the agent or owner is based out of town especially abroad.
  • When the home appears to contain someone else’s personal belongings and the rental sum is lower.

For owners:

  • The “renter” states that he/she is geared up to take the contract sight-unseen, in this case you shouldn’t be less cautious because this is typically a preface to an advance fee scam.
  • After seeing the property the renter requests that you buy things or hire an outworker to carry out some work, in this case, the scammer is the contractor.

How to avoid being deceived?

Whether you are a renter or the proprietor, it is important that you take certain steps that will help you to cut the risk of being scammed. Let’s have a look at what you can do to not get deceived by these crooks.

  • Confirm the identity of the person you’re dealing with and know their name and address and get their notarized ID. On the other hand, for renters, you should be able to confirm ownership of the property on county registers.
  • Check out average rental prices in the locality.
  • Never rent or lease a home sight unseen. No one would really agree to such a thing, so it goes without saying that it is a scam.
  • DO not trust anyone who asks you to wire money to someone whom you have not even seen or don’t know irrespective of how convincing their story is.

Zack Childress-An Insight Into Time Taken To Save Money Or Down Payment

Zack Childress-An Insight Into Time Taken To Save Money Or Down Payment

As with home ownership, down payment is a major concern, however, together with it, add up other expenses like closing costs and reserving funds for the unavoidable maintenance and other everyday expenditures. So, together with the matter of saving for your down payment, you need to be ready to spend for other operating costs as well.

If truth be told, very few are able to save money for down payment in a period of 12 months, and it is a matter of years, actually speaking. On the other hand, involving people who have been faced with other concerns of life like rising rental values and health care costs, it will take years and years of time to save money for down payment.

In view of the fact that, strong demands for homes coupled with the scarcity of available homes for sale are two significant factors that cause home prices to go up across the globe, this has paved a way to inaccessibility of homeownership for some buyers. With that said, now let us have a look at why you should consider giving a higher percentage of down payments and how it benefits you. Zack Childress Reviews Cons of Dual Agency

  • The chances of you getting that mortgage are high- An amount paid prior to buying a house is very important and only when you are ready to pay such high percentage of down payment for your home, banks will be ready to offer you a mortgage. With that said, the chance for you to qualify for a mortgage is high when the down payment is more. The once existed 10, 5, and zero down payments are not noticeable these days.
  • All rules pertaining to the consumer financial protection bureau has changed in the recent years- For a person to qualify for a mortgage amount, he/she will have to meet a 43% debt-to-income ratio meaning after you tot up credit payments, property taxes including other money owing, like credit card balances, your auto loans or education loans, your entire arrears has to be not as much of than $43 for every $100 in earnings you produce on a month basis. With this being the state of affairs, the probability for you to qualify for a mortgage is high.
  • With a higher percentage of down payments, you can enjoy smaller monthly mortgage payments together with the benefit of less interest rate. And by this means, you can save a significant amount of funds over the life of a mortgage. This paves a way to greater financial sense, in addition, it helps you to better prepare for sequestration.
  • With a more than expected percentage of down payments, you can also enjoy instant equity build up. For instance, a percentage more than 20% of down payment is said to put equity into a property as soon as you purchase it and that down payment defends you if the real estate market turns sliding in the interim.

Stay updated with Zack Childress real estate tips, learn more details regarding home mortgage loans. His articles help you know how to get into a scam free real estate transaction.

Save

Save

Zack Childress Co-Wholesaling Software Review

Zack Childress Co-Wholesaling Software Review

Investing in real estate with co-wholesaling is an art when done right, it is rewarding at the same time, it is said to bring in a whole lot of risks and loss when done incorrectly.

This way of wholesaling properties by forming a joint venture with other wholesalers is a great strategy to earn quick money, however, nothing great ever came that easy. There involves a lot of complex things in order to be successful in this particular method of making money, but not with Zack Childress co-wholesaling software.

The best part about this software is that it will cut your time spent on bringing in profits in half! Involving 8 modules, the easy to follow techniques is a complete plan for wholesaling your way to financial freedom.

This software comes with everything that you need to keep going with, meaning, this training system comes with documents, spreadsheets, easy to follow call scripts and marketing templates that are aimed at getting you started in the art of wholesaling real estate.

Simply said, your real estate proposals could be made in seconds’, irrespective of the experience you hold in this field whether a novice or an expert, both will find this to be beneficial. Get it now and sign up for Zack Childress other programs to have a bright future in the field of real estate and make money.

Save

Save

Zack Childress’ REI Quick Cash System Review

Zack Childress' REI Quick Cash System Review

Create massive real estate fortunes with Zack Childress REI quick cash system. Offering the most detailed and practical knowledge on real estate investing sourcing for the property, getting customers to buy the property, best marketing strategies, getting right with the paperwork are some of the main concepts that you can learn from this system.

Elucidating every single concept, he also helps you to come across tools and resources that you need to successfully make money as a real estate co-wholesaler. A Realestate co-wholesaler does not in fact purchase real estate; in its place they act as an intermediate person connecting people looking for real estate deals with those who can provide those deals. In addition, you will also be able to find several other things like no money down real estate investing strategy and much more.

Save