
17 July 2023 | 10 replies
Career/life goals: - $100k/month passively- Would like to one day open an Assisted Living facility back in MA using real estate tools to potentially fit out larger SFHs, hiring other nurses/aids- Would like to 2-3 flips/year to pay off some of the rental properties to increase that monthly passive income- I love nursing as of now, so I don't know if I would drop the license after retirement.. would keep a W2 going but I know it'll hinder scalability- Played pickle ball for the first time the other day in San Antonio and I want to build a bar/facility back in MA as a hobbyI'm all over the place with the goals, but any advice on whether to maintain the buy and hold strategy vs selling one off to pay one off would be greatly appreciated.

15 July 2023 | 36 replies
That’s where I think the clauses are going to be a hinderance.

29 June 2023 | 10 replies
Here is what I have so far:At any time before, during, after investment:I or any of my team unexpectedly dies, becomes seriously ill, or injuredAn impassable disagreement occurs between any 2 parties of the investment teamA member of the investment team fails(for any reason) to uphold their agreementBefore purchase:Incorrect property valuationInability to secure financing after earnestDuring Financing and purchase:Loan executor fails to follow through with the loan.Loan executor misleads or baits me with incorrect terms and conditionsSeller withdraws contractSeller tries to renegotiate contractSeller withdraws agreement to carry loanTitle issuesDuring rehabilitation:Cost overrun - If the cost to complete a rehab exceeds the estimated cost budgeted.Time overrun - If the allotted time to complete a rehab is exceededUnforseen issues - if issues arise due to unknown/hidden problems, termite damage, mold, etcProblematic Contractors - Contractors that want to increase the bid midway through the job, fail to pay their employees, don’t show up when scheduled, fail to consistently clean, low or no skill, do poor work, fail to carry proper insurance, do not use agreed upon materials and/or finishes, use the “you can’t see it from my house” methodology, dress and/or act not in accordance with accepted job site standards, live or sleep at the job site, steal materials, supplies, and/or tools, attempt to undermine my relationship with my real estate team including agents, investors, other contractors, clients or potential clients, places lien or sues, dies or is seriously injured during project, experiences major life event that prevents or hinders their ability to continue, contractor or their employee dies or is seriously injured on the property, gets OSHA or other governing body violation(s)Code Violations - Red flagged for failing to obtain proper building and/or work permits prior to beginning project, overgrown vegetation, etcProblems Specific to Rental Properties:Tenant does not pay rent or pays lateTenant does not pay utilities/trash serviceTenant causes damage to propertyTenant does not take care of maintenance and/or cleaning of propertyTenant smokes or has pets when these things are not allowedTenant makes unauthorized changes to the property, ie painting walls, removing landscaping.Tenant allows others to move in without adding them to the leaseTenant misused the property, ie drug lab, melting plastic in the oven, spray paint graffiti on shed, parks in unauthorized zones such as the grassSomeone injures themself while on propertyHouse fire, floods, other natural disasterMajor maintenance issues such as roof replacement, appliance malfunction, plumbing leak, etcTenant violates city code, ie noise ordinances, trash and debris in yard, etcUnavoidable costs such as normal wear and tear include failing appliances, scratched/scuffed wood floors, dirty paint, worn carpet, etc.After rehab:Property does not appraise and/or sell/rent for expected ARVInterest rates go higher than expectedProperty tax increaseStricter laws are put in place that prevent finance/refinanceThis is all that I could come up with.

7 July 2023 | 71 replies
That is probably a good business idea and something I’d pursue if I dealt in higher end rentals but in c and d class your not going to be doing this . unfortunately They don’t have extra money for it they don’t see value in paying for it and it could hinder them from paying their most important bill > my rent!

27 June 2023 | 83 replies
No matter what, there are tons of people always looking and if Iḿ consistently bypassed from even getting calls, what I am offering price wise is significantly hindering me from being cost effective.

25 February 2019 | 7 replies
I know there is a lot of competition in my area but im not going to let that hinder my drive.

15 July 2023 | 5 replies
Has anyone had experience with using FHA loans, did it hinder your buying process at all?

17 July 2023 | 2 replies
I have an excellent credit score but I am co-signed on another property that is basically paid off, will this hinder the 203K loan?

15 June 2022 | 4 replies
I am not an attorney (so speak to one first) but in Florida; a fraudulent conveyance (also called a fraudulent transfer) is a debtor's transfer of legal title of non-exempt property to a third party with the intent to hinder, delay, or defraud a present or future creditor.As mentioned twice already; call your attorney today and explain your situation.

23 November 2020 | 1 reply
You will certainly be hindered by not being able to qualify for many types of financing, but that doesn't mean you can't invest in some way.