Keep it straightforward at first, but know that experience is the best teacher—mistakes are part of the process and will help you learn.For ARV (After Repair Value), start by running comps (comparable sales) on recently sold properties in the area that are similar in size, style, and condition to your planned rehab.

Another trick is know how to run vacancy rate by area.

I run a group of landlords in Philly and notice many new investors getting themselves into unforeseen difficult situations.

Might make sense to have a in depth conversation with a Banker to run the numbers on a Fannie Mae 5% down versus an FHA 3.5% with the higher MIP.

These odds might be less than getting run over by a car when I leave the house.Without further ado, he are some points you forgot (these apply to investing in Mexico in general):1.

Run your comps and be prepared to adjust a suggested price based on condition, layout, and other factors.

And then do it again.It is actually possible to have a super experienced General Contractor, a very deep pockets money partner, and still lose money on a flip.The most common reason, in my experience, is having a project run over schedule and placing the property on the market during the off-season.

I agree with the notion that one needs to define his or her goal with regard to real estate and making a living of real estate alone would require lots of it, but cash flow for the long run is almost inevitable.

Have seen owners of condo's and co-op's get into trouble running an AIR BNB out of a co-op.

Many investors don't realize they've agreed to dump more money into the syndication if it runs low on cash (capital call).