Zack Childress Scam Tips-Don’t Let Your Vacation Become a Scam

1. Zack Childress Scam Tips Don’t Let Your Vacation Become a Scam

2. “what is a vacation scam?” • In short, a vacation scam is when you find a place, you send your money to reserve your spot, and then you show up; however, someone is already there! It never fails; even when you do everything right! As you are walking down the hallway to open the door to your vacation weekend getaway, the fear is always there. so you should learn about zackchildress scam tips. • So don’t let yourself be a victim of this type of vacation scam!

3. Don’t Let Your Vacation Become AScam • Types of vacation scams • Tips for real estate investing success • Protecting your asset • Starting up successful results in real estate investing • Make out the difference between investing in real estate and the real estate business • Housing flipping is one of the easiest ways to make money

4. Types Of Vacation Scam • Title fraud • Foreclosure or home equity fraud • Warning signs for home improvement scam • Property investment courses and seminars

5. 1)Title Fraud • Rarest type of fraud but the most devastating of all. • The fraudster gains the title documents from the real owner of the property, forges the documents, and then transfers the ownership to his own name. • Title fraud is prevalent with homes that are free from mortgage and owned by old people. • To avoid falling victim, avoid sharing the critical property documents with the third parties until the final stages of the transfer of title.

6. 2)Foreclosure Or Home-Equity Fraud. • Criminals approach the funds-stripped house owners and promise to consolidate the loans as he holds the title for the property. • The criminal then fails to make payments as agreed. He also keeps all the payments that are made by the client. • Be wary of agents who promise good deals in exchange for the property equity • However, if you must do it, consider using a lawyer and your financial advisor.

7. 3)Warning Signs For Home Improvement Scam • Offering discounts for finding other customers. • Having materials left over from a previous job. • Only accepting cash payments. • Asking you to get the required building permits. • No business number in the local telephone directory. • Your remodeling job will be a demonstration • Pressuring for an immediately decision • Offering exceptionally long guarantees • Asking for the entire payment upfront • Suggestion borrowing money from a lender the contractor knows.

8. 4)Property Investment Courses And Seminars • It is important that you educate yourself on real estate. • The research on the suitability and the accuracy of the courses before enrolling into the programs. • Avoid workshops, which charge excessively but have no proven success against their claims. • Genuine courses give tons of free valuable information and only charge for the exclusive information for the attendees.

9. Tips For Real Estate Investing Success • Education yourself • Set investment goals

10. 1)Educate Yourself • Knowledge is the new currency. • Without it you are doomed to follow other people’s advice without knowing if it’s good or bad. • Knowledge will also help take you from being a “good” investor to becoming a great investor and that knowledge will help provide a passive stream of income for you or your family.

11. 2)Set Investment Goals • Goals is different from a wish,you may wish to be rich,but that doesn’t mean you’ve ever taken step to make your wish come true. • Setting clear and specific investment goals becomes your road map and action plan to becoming financially independent. • You may also want to set parameters on the rates of return required.

12. Protecting Your Asset • Start early and keep it simple • Don't procrastinate , because it will have an adverse effect • Separation • Know the functioning of asset protection planning & tax & estate planning • Asset protection tips • It is not a replacement for insurance

13. a)Start Early And Keep It Simple • Show up after a claim or when liability arises is not going to be very effective. • Analyze nook and corner to figure out the negativities on your side and be ready for it before not later • What you do subsequent to a claim rises could be undone by “fraudulent transfer” law. • Always remember to start early and finish it off before the problem could show up.

14. b)Don’t Procrastinate, Because It Will Have An Adverse Effect • Scheduling for asset protection subsequent to a claim can make things worse. • Generally misinterpreted that the only thing an arbitrator can do is to unwind a deceitful transfer, leaving a defaulter who in vain tried late preparation no worse off than if he had done nothing. • Both the defaulter and whoever supported in the counterfeit transfer can turn out to be liable for the creditor’s attorney fees, and the defaulter can lose the hope of getting liberation in economic failure.

15. C)Separation • Always remember , personal assets are for trusts and business assets are for business entities which include corporations, partnerships, and LLCs; these are meant to be vehicles for commercial operations. • Don’t mix personal assets and business assets, when you do so, the possibility for the unit to be cut by a creditor on some theory or another is exponentially high.

16. d)Know The Functioning of Asset Protection Planning And Tax & Estate Planning • Asset protection planning and real estate planning toil as one, however occasionally they are on the outs • What is considered as a good idea for estate planning may not be the same for asset protection, it can be contradictory. • Plan for it separately, take a legal counsel when you think it’s necessary.

17. e)Asset Protection Tips • Offshore asset protected trusts • Exempt asset protections under state law • Financial workout negotiations with creditors corporate structuring • Family financial planning through various types of trust and wills • Negotiations and preparation of pre and post marital agreements

18. f)It Is Not A Replacement For Insurance • Concept of asset protection planning should not be a surrogate for liability and insurance, but rather should supplement insurance. • Asset protection plan doesn’t pay officially permitted fees to protect against a lawsuit. • Zack Childress real estate reviews are a blessing to beginners who wanted to make quick cash in the field of real estate. • Gather sufficient money to beat inflation and taxes that deplete our savings. • To serve the purpose, real estate is the best option.

19. Starting Up Successful Results In Real Estate Investing • Sketch out a plan regarding financial goals • Do not spend a huge chunk of money on books or seminars • Skim through a number of properties • Do not delay investment program by just waiting for the ideal deal • Warning signs-how to protect yourself • Doing a complete financial study • Do not go for a property that the seller less prefers to sell

20. 1)Sketch Out A Plan Regarding Financial Goals • Before purchasing the first property, or before making the first study, you have to be sure of what you want from your investments. • The more you have of time or money the lesser you need the other. • One should not restrain from allocating time to make out the goals. • If one is not very sure about fixing financing goals, a meeting with financial advisor is a wonderful initial step.

21. 2)Do Not Spend A Huge Chunk Of Money On Books Or Seminars • Before going into investing, you have to study some basics • Entertaining goals will make it much more easy and direct • It is very easy to be bound in the phase of research that you actually do not go for action. • It is very easy to be bound in the phase of research that you actually do not go for action.

22. 3)Skim Through A Number Of Properties • Do not go for the first property on which you throw a glance. • Many investors go for purchase of property because they are appeasing to look at • Some investors just do not want to put in efforts to find out what is there. • It is not a suitable option to make decision on investment based on personal choices. • Allow yourself to skim through a number of choices, and then zero in on them based on the aims you want to attain.

23. 4)Do Not Delay Investment Program By Just Waiting For The Ideal Deal • Many people are stagnant and wait for the best deal • This can have negative results, and many positive options may be lost just because you wait for a better choice. • It is preferable to go for a deal that adheres to most of your expectations, than just waiting for a deal that does not come your way.

24. 5)Warning Signs-How To Protect Yourself • Ad doesn’t give the exact address of the rental and the same property is listed several time with different contact people. • Payment is requested via wire transfer, money order or cashier’s cheque . • Credit cards are not accepted. • Do some research on the rental property, landlord,etc and if a phone number isn’t provided, ask for one.

25. 6)Doing A Complete Financial Study • One should skim through different choices to zero in on what works out financially • One should never purchase a property at a huge price or on less alluring terms. • One should be cautious of sellers who give a try to overestimating the value of the property via the estimated data. • Browse through last years’ maintenance records, tax returns, and property-tax bills to get a better vision of the actually existing income and expenses.

26. 7)Do Not Go For A Property That The Seller Less Prefers To Sell • The seller has a motivation to sell, one cannot get the amount catering to the financial aims • The seller has a motivation to sell, one cannot get the amount catering to the financial aims • The seller has a motivation to sell, one cannot get the amount catering to the financial aims

27. Few Reliable Methods • Attending to open residences • Wait for vacant and less alluring properties that are for sale. • Making people aware of your presence and making them aware of your requirements. • Go through the option of browsing the classifieds in the newspaper.

28. Make Out The Difference Between Investing In Real Estate And The Real Estate Business • you already possess a business, and real estate investments are best for sustaining the business and not replacing it • you already possess a business, and real estate investments are best for sustaining the business and not replacing it • If you do not want to bear the brunt of taxes and inflation while making your future more safe, real estate investment comes to your aid. • There is a simple formula to calculate FAR. The entire covered area that is divided by the area that the plot occupies.

29. Housing Flipping Is One Of The Easiest Ways To Make Money • Overpayment • Remaining uninformed about the neighborhood is another sin • Undervaluing the time commitment • Investing too much • Overlooking permits and ordinances • Deteriorating to stage the real estate

30. a)Overpayment • Underestimating the cost and paying too much is the prime mistake that you can ever make in house flipping! • Such a large purchase, it is easy to make emotional decisions where improper negotiation will give the flipside result. • It is imperative to have a close look at the current home sales in that neighborhood and a comparative analysis would help.

31. b)Remaining Uninformed About The Neighborhood Is Another Sin • Despite the fact that, being ahead in attaining insights about real estate in your vicinity can help in determining the accuracy of the price, being informed about the neighborhood • Flipping homes delimited by hideous houses and yards will make it very easier said than done to sell the home.

32. c)Undervaluing The Time Commitment • It may take several months, this process demands more commitment and time. • No means undervalue time and commitment when you are into house flipping process for it takes up a lot of your personal time. • You are multi-tasking, then you may have to wait for your less busy time to do the flipping.

33. d)Investing Too Much • One more familiar wealth issue is investing too much of your own finances into the possessions as a whole. • Even if you got the home at a big price, it’s easy to keep piling money into the venture until your life savings are gone. • Remember, it’s not worth the risk you undertake, so you can consider seeking out for loans to back your venture.

34. e)Overlooking Permits And Ordinances • As with any business there are certain rules and state regulations, similarly, in real estate, the rules are countless and confusing. • When you overlook them, you will be fined hefty which sometimes can be even worse. • It is always good, to begin with brushing up on city building laws and permits which are said to help in the long run.

35. f)Deteriorating To Stage The Real Estate • One of the common mistakes you could ever commit is holding an open house with an empty house, • i.e. amateur house sellers may not understand that staged homes, which charge around $3500 to set up, sell more rapidly and for additional riches, which means you will get that money right back and more.

36. Beware Of Vacation Scam

37. Conclusion Never wire money or use a prepaid debit card to make a deposit on a rental unit. your best protection is a credit card. You’re renting from an individual, request names and contact information of other customers who have rented the property. Locate the registry of deeds in the county in which the property is located to verify the person owns.