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26 November 2024 | 9 replies
Let it roll off and move forward with purpose.Now, Here’s Some Logical Advice:Wholesaling is straightforward, and competition won’t be an issue if you do it the right way.If you’re cold calling, sending mailers, and doing what everyone else is doing, then yes—you’ll face challenges.
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27 November 2024 | 9 replies
Investors are almost always the biggest challenge for any group, new or seasoned, but especially newer investors.
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7 December 2024 | 150 replies
The defendant (Borrower) has a chance to answer or defend.
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27 November 2024 | 3 replies
Challenges?
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27 November 2024 | 16 replies
It also discusses the market's challenges in finding cash-flowing single-family homes under $350K.
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27 November 2024 | 2 replies
Challenges?
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25 November 2024 | 10 replies
Are there specific considerations, tips, or challenges I should be aware of in these areas?
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26 November 2024 | 0 replies
I’m eager to learn and would be grateful for any suggestions or experiences you can share, especially if you’ve dealt with challenging markets like this one.
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26 November 2024 | 2 replies
Here are some key red flags to watch for:🔴 Lack of experience: A borrower without a proven track record in real estate projects may struggle to navigate unexpected challenges.🔴 Overly optimistic projections: Unrealistic ARV (after-repair value) or underestimated rehab costs can signal poor planning—or worse, a lack of transparency.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.
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26 November 2024 | 1 reply
Hi BiggerPockets Community,I’m exploring house hacking using Airbnb as part of my real estate strategy, and I’ve come across a challenge I’m hoping you can help me with.