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6 November 2024 | 2 replies
Cutting corners to save time might seem like a good idea, but it can lead to expensive repairs later on. Have you ever faced repair issues because a project was rushed? What did you learn from that experience?
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12 November 2024 | 17 replies
However, you’d want to carefully evaluate market conditions to ensure you don’t lose too much on the sale.Pros:Avoid further investment and risk.Free up capital for other opportunities.Cons:Selling costs and potential difficulty finding a buyer.You may miss out on potential appreciation.Recommendations:STR Route: If you believe there’s potential to improve revenue and occupancy by refining your property’s appeal, going the STR route could work.
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12 November 2024 | 26 replies
Wholesaling really isn’t much of a problem with the larger, experienced and ethically run wholesalers.
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14 November 2024 | 40 replies
I really need another side hustle.We, the experienced ones, spend our time helping people avoid the same potholes we did.
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10 November 2024 | 2 replies
Here’s what I believe everyone except maybe the most experienced investor should do BEFORE committing to invest directly1.
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12 November 2024 | 17 replies
I have never experienced an industry where 'leaders' have to argue so hard to prove their philosophy.
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9 November 2024 | 27 replies
Next step Find a local Multifamily Investor group and go meet members and partner up with experienced people.
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12 November 2024 | 11 replies
BiggerPockets groups —lots of solid resources and a supportive community here or at local REI meetups; you'll find folks willing to share tips (and maybe even some potential partners).Here are some other strategies that could also help you scale faster:Partnerships/Joint Ventures: Teaming up with others, especially experienced investors or people with capital but limited time.
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10 November 2024 | 9 replies
You’ll find plenty of experienced investors in those areas here, so it’s a great place to connect and learn.
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11 November 2024 | 11 replies
For instance, having a network of experienced investors can help you navigate challenges and identify profitable opportunities more quickly.Another consideration is the potential benefits of passive income.