What makes me really wonder is hearing people giving money to anybody without a contract – it is unbelievable to me that smart educated professionals amongst many who should know better routinely write checks to everybody under the sun without having a piece of paper saying what is this money for and why are they giving this money out.

The smart, professional, educated people then find time – one the ho-ha has hit the fan to complain and moan about how dishonest people have become.

I have got news for everybody in Michigan real estate investment world – it is not their fault – you ruined them and now you will pay the price. Ijlal Inner Circle members get drilled over and over again to use contracts in everything they do so they don’t have to go through this blame game later.

Most of them are smart enough to realize the value of my advice and they do follow it. Some of them are naïve enough to think that the fundamentals of running a business somehow don’t apply to them. They usually end up regretting NOT following up this particular advice later.

Be smart. Always without excpetions use contracts in everything you do in your real estate business. And if you think that your "buddy" and you are above all that - well try buying your next bank foreclosure without a Purchase Agreement. Insist to the Realtor or bank or the homeowners that we should trust each other and should NOT be worried about signing a Purchase Agreement. Try the same thing with your lender also.

If it wont work for the bank, well then you should also not try to work without having a piece of paper. This blog post alone is capable of saving you thousands of dollars. Print it and tape it on a wall so you can read it frequently.

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