All Forum Posts by: David Lund

Yes!

Include capex and PM into your calculations. If you need it, you have it. If you don't need it, then you can use the extra money towards the next investment.

@David Lund yes count for it but also know in your strategy you will likely have excess funds if everything goes as planned. If everything doesn't then you have some funds to cover it.

NEVER EVER EVER do a FHA deal EITHER as buyer or seller!!

Like @Scott E. said, problems or adversity are near constant. At first, I allowed myself to get stressed out. But eventually you come to expect problems and that just becomes your normal.

@David Lund

It depends on the adversity, but for tenant issues, have policies in place and follow through the process. For other issues, take time to get to the root of the issue, then deal with it.

 I had to overcome adversity, because I'm not employable.

I did my stint in the corporate world working for a Fortune 200 company. I learned that adversity is a fact of life even in a well paying highly respected position. 

I told someone a few steps above me what I thought about things in the company (The Peter Principal) along with the comp plan and I quickly became unemployable, at least to them. We finally agreed on something, I didn't belong there. ;-)

So, my adversity was overcome by changing to something that I love to do and pays a lot better than the corporate world.

My option to overcominig adversity in real estate was to either become employable again (blah), or learn real estate really, really well. It was an easy choice, there was no looking back.