Quote from @Nathan Gesner: Buying a house is straightforward; managing it can be a whole different challenge.

We not only lost our hard-earned money but on top of everything, our health suffered, I had several sleepless nights due to the stress and anxiety that this horrible experience created for my wife and me.After the buy-back was completed, I approached Maverick to at least help us with our losses by requesting us to give back ~$6000.

Challenges?

The challenge newer investors face is that overpriced properties tend to sit on the market for 60+ days and they see them all the time.

To me it’s a challenging game, an intricate puzzle where if you learn how to play you get great results.

I think one of the biggest risks you face with Cash Out is interest rate risk.It's really difficult to predict where interest rates will be in a 2-5 year time period, so it can also be challenging to model out future mortgage rates.

Sold on 11/22/2024 for $110,000, this project highlights our strategic approach to revitalizing homes and delivering exceptional returns for our partners.

Choose a multifamily or single-family investment approach, consider low cash flow priority, and monitor interest rates and seasonal timing.

Podio is extremely flexible and extensible.All that being said, here's the big challenge with Podio:  when you first sign up for Podio, there's a demo workspace with apps, but it can still look like a "blank sheet of paper." 

There are excellent deals available this time of year, but the inflated prices of small multifamily properties can make finding a good deal challenging.