Renovations often come with unexpected challenges and expenses.

If they're not challenging you, or your personalities don't mesh, be prepared to give them honest feedback.

Hey everyone,I’ve been working in real estate for a little bit now, and like many of you, I’ve found that two big challenges keep coming up:Finding distressed or off-market properties before they get picked up by others.The time-consuming process of property analysis—especially when trying to figure out ROI, ARV, or repair costs quickly.I’m curious how you all are dealing with these issues.

You'll have to defend that you did everything correctly.  

@Benjamin Miller whether you have money or don't, your first challenge is researching what market to invest in and what property class.Then, even without money, you can still educate yourself about that market, so you really know what a "deal" looks like.

We know it's challenging because so much has changed post COVID, fed rate hikes, etc. but that's how you avoid rehab mistakes, bad neighborhoods, and terrible deals. 

For now, enjoy the project, but consider transitioning to a vacation rental later for consistent income.Overall strategy..Balancing multiple properties is challenging, so leveraging property management for the rentals would be wise.

It sounds like you're really diving in for your first deal, taking on a lot of new challenges.

Challenges?

hey everyone,i’m a developer with a big interest in the real estate space, and right now I’m digging into how tech can better support agents like you. i’d love to hear about the challenges you face when it comes to finding clients.what are the pain points in your client acquisition process?