Day 1: Securing the Property & PlanningIf you’re getting ready to rehab a house, the first thing you need to do is lock it down and get your paperwork in order.🔹 Step 1: Secure the HouseBefore anything else, slap a lockbox on the door and get some keys made.

It’s great to have you here, Brandon!

We do these all the time Dylan.

Keep their deposit and take them to small claims for the rest of it.

I’m saying you have to do more of it on a consistent basis which most people do not have the budget for… I’ve never personally used the fake check mailer.  

The people who fail in real estate do not want to go through the troubles.There were lot incidents like evicting tenants due to non-payment, talk to contractors over the phone for two straight hours during travelling, handling neighbors complaints about noise to name a few.

Before you get a flip under contract it is important to know that you have a vendor/contractor you can trust that will do the work needed.

Congratulations on 1,000 posts @Michael K Gallagher, and thanks for all you do for these forums!

.: First understand that people lie, oops I mean, "fake it 'til they make it"It doesn't matter if it's number of units, SubTo deals, net worth, number of doors, or any measurement of success.

If you do, you should expect a very aggressive challenge by the IRS.At $350K of combined value it might be worth the cost to get a segregation study if you intend to keep these a long time.