Been to a mortgage closing lately? It’s scary how much paperwork is involved to get a loan. Unfortunately, the real estate paperwork nightmare is not just limited to mortgages. From buying to selling, lending to contracting and everything in between, paperwork rules the day in real estate.
So much for our paperless society.
Even when you’ve filled out all the paperwork, you still have to keep copies ‘for your records.’ That means lots of time filing the paperwork. Or scanning it and uploading it to your hard drive, your ‘cloud’ service, Evernote, or wherever else you keep it.
Sounds pretty overwhelming. Real estate Moguls should be out making deals – not filing paperwork. But hiring administrative staff can be expensive for investors looking to cut costs.
Sure the admin people are necessary once your business grows to a certain size, but even then you want to cut down on the amount of help you need…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.