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12 February 2025 | 20 replies
Some of the best advice I got that I will forget was this:"SOME OF THE BEST DEALS, ARE THE ONES YOU DON'T GET"Let that sink in for a while...I remember 4117 s Michigan Ave. here in Chicago, it was an awesome 8 unit full gut condo conversation - I loved the deal and still belileve it would have been a great deal, but would have pinched me so thin I am not sure how I would have survived.
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22 January 2025 | 13 replies
One of my wholesale lenders used to be willing to finance these, I can't remember the CLTV requirement of the top.
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5 February 2025 | 13 replies
Remember egress/ingress are the real big deals here, both people getting out and firemen getting in.I would pass.
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12 February 2025 | 20 replies
This job took us about 9-10 months if I remember correctly.
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30 January 2025 | 13 replies
Nights, weekends, holidays, etc.To keep this on-topic, though...DO figure out what's healthy for you to manage but remember it's a process where every experience teaches you good and bad (and be patient with that process).DON'T sweat the small stuff (damage/costs under $50, undisclosed dogs, etc.) but DO find a way to learn, prevent, put in better practices to maintain your sanity.
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15 February 2025 | 14 replies
Just remember that real estate investing is a long game and can take time to produce fruit.
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30 January 2025 | 45 replies
Quote from @Shiloh Lundahl: I remember hearing people in 2017 and 2018 saying that they were going to wait on the sidelines until it was a good time to buy again.
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16 January 2025 | 11 replies
For my clients, this SCREAMS of building equity, provided the ARVs would support the rehab.
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17 January 2025 | 24 replies
You got a screaming bargain that was so good that no one else wanted it from the provider side, even for free.
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29 January 2025 | 3 replies
It is important to remember you own real estate in the Poconos and you are choosing to operate a STR business.