Reno Philip
Connecting with other Houston investors
10 January 2025 | 15 replies
I’m looking for mentorship from other investors in this forum to help me identify deals, help avoid common pitfalls and learn from failures.
Bruce D. Kowal
The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5
16 January 2025 | 1 reply
But it's YOUR money, and Real Estate, to put it mildly, is a contact sport).Month 5: Deals & Network (15-18 hours/week)Submit first offersAttend 2-3 REI events monthlyBuild social media presenceKey Goal: First offer acceptedMonth 6: Scale & Automate (15-20 hours/week)Delegate initial tasksEstablish morning/evening routinesCreate follow-up systemsKey Goal: Sustainable weekly schedule🚫 Common Pitfalls to Avoid:Overcommitting earlyNeglecting W2 responsibilitiesSkipping system creationTaking on too many mentor calls✅ Success Markers:Consistent daily actionsGrowing networkClear systemsNo work conflictsSteady deal flowMaintained energy levels👉 Action Steps This Week:Audit your current scheduleBlock 2 hours dailyChoose your power hour (morning/evening)Set 30-day milestoneGeneral Comment: obviously not everyone will follow these suggestions.
Ritu Mahajan
Advice for beginners!
7 January 2025 | 5 replies
I actually have a webinar i put on a couple of years ago walking through all the pitfalls and mistakes I made doing 482 BRRRs between 2009-2018 in Chicago.
Caleb Mesquita
New to Real Estate/Looking to learn
16 January 2025 | 5 replies
There are a lot of things you can learn here to help avoid pitfalls, lost and lost money.
Ben Stavrowsky
Developing two units as STR's
16 January 2025 | 2 replies
Additional Info —Key Details:Location: Outside Santa Fe, NMProperty Size: 20 acres (valued at $80,000)Project: Two new STR unitsExisting Experience: Family has two fully-occupied LTRs nearby, generating $2,000/monthConstruction Approach: Self-contracted with licensed trades for electrical/plumbingCost Assumption: $80,000 per unit, plus ~20% for inflation (based on 5–8-year-old build costs)Financing: Using land equity as down payment on construction loan (expecting closing costs to be major expense)Request: Looking for feedback, potential pitfalls, and general guidance
Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
27 January 2025 | 9 replies
I have a prospective client that didn’t put their properties on the return and now need to amend.Potential pitfalls:1.
Ryan Treacy
What Do I Need to Know to Be a Landlord in Indianapolis, Indiana?
21 January 2025 | 4 replies
Beyond legal requirements, I’d love to hear about any practical advice for managing properties, finding good tenants, and avoiding common pitfalls.
John Williams
Maximizing Returns on Your Rental Property
10 January 2025 | 5 replies
Greatest financial pitfall when owning a rental property is vacancy time.
David Hori
Is Pace Morby a Scam?
27 January 2025 | 109 replies
His information is faulty, his approach is to "overleverage", "zero down" and in my opinion the information he leaves out is either lack of experience on his part or intentional deception, neither of which I am willing to be associated with.He leaves out very important information, like what my buddy recently posted at Using Subject To, to Get "Free" Properties - A Quick Guidelinehttps://www.biggerpockets.com/forums/311/topics/1188416-usin...We teach even the downside of Subject To and how to avoid the pitfalls.
Jesus Nieto
Need help with SubTo Deal
28 January 2025 | 12 replies
Do you have any books or resources out there that he can dive into to help him hopefully avoids some of the common pitfalls?