That two-day delay cost him a $40,000 payday.The Lesson: Don’t Let Time Kill Your DealsReal estate is a fast-paced industry, and time is the one resource you can’t afford to waste.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The first time I was laid off it was traumatic because I my industry and the economy were in the toilet but more importantly, I didn't have enough cash flowing RE, second time.... not nearly as bad, and the third time it was my idea and I haven't lost a minute of sleep about my decision. 

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

Inventory has held steady at around 5-6 months for some time now, with roughly 4% more active listings on the market in the metro now compared to November last year.

I would go off of comparable cap rates when dictating the sales price.

I’ve compared Chase, Bank of America, and Amex but I’m still feeling a bit lost.

I also have this same question about a Multifamily deal we have where we will need to purchase land before approvals.. you’d think being in this as deep as we are we’d know this answer but, it’s actually proven to be a pretty difficult thing for me to come across even with speaking to several people in the industry.. my own mother is 32 year lender.

Think about where this country was 200 years ago and compare it to now.

I think talking with a Broker in the Industry would be helpful too