All Forum Posts by: Ryan Muska

Just closed on my first property 2+ hours from me. I was finally able to go see it and hopefully see the minimal work I needed to put into it. When I got there, I was disappointed to see that there was water in the basement, lead paint in the attic, and only two prong outlets (with most of them being unable to be converted to three prong). I can only attribute those realizations to my inexperience and not asking for more/specific images of property as well as, being rushed into the closing by my agent and being too afraid to slow down the pace. In all reality, the deal is still going to work after all the extra expenses, but instead of being a home run, it is going to end up being a base hit. 

TIP: Always require accurate photos/videos of the property and make sure they are clear and show the entirety of the property! Also, you are running the show!! They want your money. If they are moving too fast, you can force them to slow down.

I'm going on my first year in the industry and I've learned a plethora of strategies as well as bad habits. I wanted to see what the investing community felt about their relationships with their lending institutions.