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24 December 2024 | 2 replies
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.
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5 February 2025 | 38 replies
Prefer keeping this kind of stuff behind closed doors if possible and sorting it out without revealing dirty laundry.I would have been in the same boat as many other turnkey providers that are no longer around if I didn't focus on limiting how much business I take on.And even with my stupidly strict criteria, we still copped the brunt of the sword.Business is business and people are people, sometimes things just don't work out.It's a true shame but such is life.I always want whats best for everyone and for every deal to work out and for everyone to succeed.With the best intentions, mistakes are still made.Those that work hard and do their best, will also make mistakes unfortunately.Again, I sleep in peace and whenever I F@#$ up, it's an honest mistake so crucify me all you want.Thank God, never been sued and back round is squeaky clean and I intend to keep it that way.Less is more and when crisis does arise (It always eventually does no matter how much you prepare and do your best), we can hopefully rectify and do our best to fix.For example, just had an investor loose $50,000 on a deal and the next few deals we are working for free for this investor.We don't have to do this, we want to...Not sure how we would be able to accommodate such an instance if I had 50+ investors loosing that much so I guess my stringent on-boarding criteria has saved our A$$ for 10+ years now.Granted, I'm burnt out on folks and have pulled back even more from doing our "measly" 4-5 turnkey deals per month and have decided to focus on just building my own portfolio.Like I initially intended when I moved to this country in 2012.Thanks mate and keep being great
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7 January 2025 | 3 replies
It’s a cleaner, more reliable solution, and while the higher subscription cost can feel like a drawback, it’ll save you a lot of headaches and time in the long run.
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4 January 2025 | 4 replies
After the demo, there really is not much you can do to save outside of thinking outside the box on fixing whatever that might be that has come up.
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27 December 2024 | 13 replies
Any tips on how to maximize my time on this platform are greatly appreciated!
3 January 2025 | 10 replies
.: Quote from @Theresa Harris: For your first question, how much will it save you on insurance and how likely are you to make a claim?
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3 January 2025 | 7 replies
You are already paying rent, so pay it to yourself to increase cash flow and accelerate savings for the next investment.
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15 January 2025 | 12 replies
Furthermore, if you are working on refinancing sixth and investment properties at once, I would put all my focus and energy on working with one lender or one broker who can get you the best terms for cheaper cost all your business to one place typically when I see folks do they save a bit on processing these and origination fees.
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3 January 2025 | 12 replies
Hi Kevin,It looks like you have some money saved, that's fantastic.
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2 January 2025 | 19 replies
Thanks for saving me from getting scammed.