The morality of cheating.
There is no shared morality, other than in a few extreme cases and even those have exceptions.
The reality is that life is hardly ever black and white but lived in a gray area of validation of actions. Your position in life, your upbringing, those who you surround yourself with. Those are the basis for most of our realities when it comes to morality. But we all know we all know people within those circles who violate the norm, i.e. "shocking drama for all to eat up and gossip about." (cheaters, beaters, meat eaters)
Its hard to tell who is who even within your own circles, so stepping outside its nearly impossible. I have never had an issue with anyone doing most things against my own morals, as long as they were honest about it. i.e. you wanna smoke the drugs or shoot the wacky tobaccy then by all means....as long as you aren't hurting ANYONE, then #freedom. However, be honest about it so I can use my freedom to decide if I wanna work with you.
There are 1000's of examples in Real Estate. WAY too many to list out. But I will give a few examples.-
1. "Hard Money Lenders" who loan money to investors but don't base it on the asset solely. Thats not really a hard money loan, but...maybe they make it easier for investors so they justify the stealing of a name of an actual thing.
2. "Contractors" who are really just handy-men who get hired for more than they can handle by people only hiring them because they are cheap but then blame "contractors".
3. "ROI" is calculated without the actual cost (holding, utilities, closing cost, agent fee's, Taxs on gains, etc) included in the numbers and usually aren't found out until the first deal is done and math doesn't add up.
4. "Wholeseller" - is supposed to be someone who knows the business in and out to be able to move properties fast, yet most are newbies who know nothing because some program or mentor told them to start there or are scam artist messing with the numbers on a non-deal to make it look like one...or they already have buyers and arent wasting time marketing to investors.
5. "Realtors" people think being an investor means you can call some realtors and have them locate deals for you and get upset when they are ignored. Realtors don't get paid till you close and investors look at 10x more properties than home buyers AND spend less AND they often never close even after looking at all those deals. *create incentive beyond "Imma do a bunch of these if you can find'em for me".
6. "Im the Customer" most pro's in this business won't care, i.e. they are going to treat you with respect and not lie to or sugar coat things. But you don't won't get people to change how things are done by thinking the customer is always right. Real pro's will be honest and say, "hey, thats a load baring wall and I don't care that the inspector for the hard money company said it would increase the value you can't let your handy-man take it out and not get a permit."
The point- The gray area is where life is lived. Knowing the black and white of things is vital when they are out of your control. So living in either isn't really living at all.
Be blessed, bless others.
Contact me