
4 June 2024 | 5 replies
Everyone should read the entire series of posts on X but to highlight the two largest red flags:1) They had to raise millions of dollars to fund the operational shortfall of the investment while still falsely claiming to investors a 5% average annual cashflow.

3 June 2024 | 0 replies
The area’s stunning natural beauty and thriving real estate market present a unique opportunity for growth and development.

4 June 2024 | 13 replies
So far, no big red flags.

2 June 2024 | 0 replies
The June meetup for this week (6/4) was suddenly canceled and the associated FB group has been paused. Anybody know what's going on?

3 June 2024 | 8 replies
No one has ever balked at undergoing a background check and, if they did, that would be a red flag for me and I'd just move along.

3 June 2024 | 19 replies
Its also a bit of a red flag if they tell you they need a week or so to come up with the $500.

3 June 2024 | 12 replies
That’s the beauty of the BRRRR method – you’re building equity and generating cash flow at the same time.So, in a nutshell:Equity: The $50k equity left in the property.Cash Flow: The ongoing rental income after expenses.Keep leveraging these strategies, and you’ll see your portfolio grow steadily.

4 June 2024 | 23 replies
And I upgrade to a decent level because apartment grade is crap, at least the beautiful SS ones in my “luxury” apartment were.

4 June 2024 | 10 replies
Feel" the true beat of the portfolio's income and expenses performance before using leverage to speed up the growth of your portfolio.Using cash only will protect your bottom line in scenario's like yours when the properties don't perform as expected as you won't be on the hook to cover the mortgage expenses.Just my bias opinion so take it with a grain of salt.I've also witnessed many finger pointing instances when others get involved.Like a new property manager, realtor, contractor, etc...I've had my share of bad experiences with realtors that threw my company under the bus and got in the investors ear to flog it at any price just so they can make a quick commission.It get's very messy, painful and pretty much turns into a disaster with the investor not knowing who to trust or what to do anymore.Similar to what you post about has happened to me and my company many times and if allowed the opportunity, we do our best to fix and come good.Some loose trust and faith and I 100% understand, but as soon as someone leaves the wing of my company there is not much that we can do because as I mentioned above, everyone else get's involved, has an opinion and the situation get's very messy.Having in-house property management is vital when such a "crisis" arises.I tried out-sourced PM when we first started and it was a disaster.We had no choice other than to bring it in-house.Hated my life for the first 5 years with in-house PM and fast forward 10 years, it has become our "golden goose" and a very well streamlined and beautiful business.From what I've seen and read on the forum and elsewhere it seems like RTR has a good reputation and what you have mentioned seems like a "worst case scenario".I hope RTR will assist you the best they can and all I can say is learn from the experience and don't give up.Do your best to weather the storm and focus on minutia.Don't have regrets and don't spend too much time dwelling on the past.Glimpse into the past to get guidance from what you could have done better and think ahead.Move forward smarter, more experienced and better.Wishing you well and much success with your future endeavors.