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22 March 2024 | 88 replies
These markets are revolving doors with properties being resold every 2-3 years to new green investors looking for cash flow, who don't realize what it costs to maintain a property or that their budget of $50/month for maintenance, repairs and capex is not nearly enough ($300-500 is more like it, that's why rents under $1,500/door typically have no margin for error).
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20 March 2024 | 2 replies
The fact that I didn't really reside in the properties I invested in taught me my lesson quickly.It's inevitable; we all make errors.
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20 March 2024 | 2 replies
I am always open to talk about the do's and don’ts to help avoid up front errors.
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19 March 2024 | 9 replies
@Cleva Heffa looks like we have both co-founders of OfferMarket here on this thread :) One of our clients was just featured on the Bigger Pockets Real Estate Rookie podcast and he speaks about his experience with OfferMarket for his DSCR loans: https://www.biggerpockets.com/blog/rookie-381
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20 March 2024 | 7 replies
It's really trial and error on pricing.
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19 March 2024 | 1 reply
I’m not sure how to go about it I’m a rookie at this and bought my first 4 unit apartment
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19 March 2024 | 9 replies
Highball all your numbers and leave room for error and unexpected expenses.
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19 March 2024 | 52 replies
Well, you have have made the same grave error by signing a HAP agreement with HUD without reading it.
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20 March 2024 | 175 replies
And a sure way to make nothing or lose.. you may make the 10k but that's a razor thin margin and no room for error taking on a ton of liability and risk for very little return.
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18 March 2024 | 9 replies
However, I can't tell you how many clients come to me having used Turbotax and they either had errors on their returns or missed out on thousands of tax savings.