Dumb Debt also means that the owner takes on recourse debt and personally guarantees it instead of non-recourse debt or other people’s debt (OPD) or cross collateralizes it with highly appreciated assets with low debt to value ratios.

Management fees are steep, you're competing w/ bigger operators as well as mom & pop places - it's hard to get the personalized care needed, in my opinion, to be successful. 

I think a big catalyst this year across all areas of real estate will be the unemployment rate and personal income growth within the Kansas City metropolitan areas and surrounding cities.

The setup felt like a personal connection all in pursuit of getting your business.  90% of it was done by AI and the other 10% came when a live rep was available.

@Elise Bickel Tauber Would be a great person to connect with!

My personal experience after 40 + years in the real estate industry is that “wholesaling” is a very INEFFICIENT AND INEFFECTIVE way to gain knowledge and experience relative to real estate.

You can try recruiting on LinkedIn, and you might come across the right person.

I personally have not experienced any government change that has ruined a deal for me.But fear not!

I work with a lot of MTR investors and what I am seeing frequently with multifamily acquisitions, particularly with new investors, is that they often test the property just like you're mentioning, as a way to dip their toes in the water and see what works in their area and for their personal style.

you can get financing witha  LLC but the lender will require a personal guarantee on the loan.