Seems like you could very easily come out wasting thousands before even having a set plan in place.

Update for Chicago investors : As of right now the ordinance takes effect 11/9 but any property under contract before then is exempt.

In my opinion, this is much more effective than texting, which often feels like a constant game of cat and mouse with phone carriers.

Would like to know more insights on how this trend is shaping your deals and what’s been effective! 

Just another example of investors wasting money, time and energy on anything and everything other than the underlying real estate.

It was an effective strategy to keep the project moving forward while maintaining financial liquidity for other investments.

It was an effective strategy to keep the project moving forward while maintaining financial liquidity for other investments.

If they fill out the application and the first thing you see is that they have 17 pets, you can immediately deny them without wasting time checking landlord references, running a credit/criminal background, etc.

It takes a while to get going, but if you put your mind to it the snowball effect starts to come into play. 

You need to know what a cookie-cutter deal looks like for the source so you can not waste your time bringing in the stuff you know they won't do.  5) Then you close on the property and put the execution plan in place that was a team effort on behalf of you, the lender, the GC, and the agent.