Over the years, I’ve witnessed both newbie and seasoned investors get misled by various players in the real estate game, from wholesalers to contractors, realtors, property managers.

This approach will help minimize the potential financial risks associated with renovations and working with contractors.

Agents and Lenders are typically a little more available than a good PM or Contractor.

We have a clause in our lease that plumbing clogs not caused by mechanical/material defects in the plumbing will be charged to the tenant, and if your lease doesn't have similar I would recommend such a clause.

Examples could include:Partnering with other investors to share risk.Using seller financing or lease options.Leveraging creative rehab techniques to save on costs.Negotiating with contractors in a unique way to reduce expenses.I’d love to hear any stories, tips, or approaches that helped you pull off a deal others might have instantly passed on.

@Marc Shin The contractor didnt finish to your satisfaction ? 

Finding creative ways to value add could be a good avenue to get you in the door, especially if your partner is a contractor. 

Are you looking to connect with a lender, contractor, PM company, etcCongrats on the recent purchases and welcome to BP!

Contractors, businesspeople, and interested community members are all welcome.

But for an OOS investor one consideration is access to support, first of all PM & contractors, and you have more choices in the much larger Milwaukee metro area than in a smaller submarket.