23 July 2024 | 42 replies
As a start up building firm, a business plan with a worst case, best case, most likely case financial scenario played out for a seven year term into the future- will probably reward you with more specific dollar amounts that you could potentially earn, then simply picking large dollar amounts and asking how do I get to these figures from this small borrowed amount I have.

19 July 2024 | 23 replies
@Nick SansiveroRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

19 July 2024 | 3 replies
It's common to be scared of making mistakes and sometimes you have to do things when you're scared.

16 July 2024 | 0 replies
This turned out to be a mistake since the rehab ended up taking 2 months and he underquoted me for the work.

19 July 2024 | 6 replies
This can be very expensive and is usually the worst choice because you can't justify the cost.2.

18 July 2024 | 1 reply
@Lauren DiMeoRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

19 July 2024 | 6 replies
This amount is expected to be paid 1/2 upon Lease Execution and 1/2 upon Tenant opening for business so generally speaking, the entire expense would be incurred within the first 12 months of the Lease term and is not something that is paid out over time as the tenant pays rent.While this is by no means intended to be an exhaustive list of all things Triple Net, I hope it helps someone looking to get into the space for the first time and maybe save one of you from making a terrible mistake.

18 July 2024 | 2 replies
What is worst is when they run out of time on their current hard money loan and are paying penalties/very high rates for going past the maturity date.

21 July 2024 | 54 replies
I made the mistake of taking the tenant at their word, and they repeatedly were late on payments.

18 July 2024 | 19 replies
I recommend spending some time educating yourself on how to analyze properties to prevent you from making the same mistake again.