Robert Mendenhall
Older area home issues
26 February 2024 | 16 replies
They will have their quirks and you might uncover things as you get into it so be conservative
Nixon C.
My Journey with a Divorce-Listed Property Found on the MLS
26 February 2024 | 0 replies
A mix of determination, perseverance, and a bit of luck can uncover hidden opportunities in unexpected places.
KC Pake
⁉️ 📲Your Most Expensive Lesson in Real Estate Investing: Share & Learn 🏢
23 February 2024 | 3 replies
I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.
Jeremy Porter
Mastering Real Estate Investing: A Comprehensive Guide to the BRRRR Strategy
22 February 2024 | 1 reply
Uncover valuable tips and strategies for maximizing the value of your property through carefully planned improvements.
Robert-Lee Pass
Offer sent last night .. But i noticed this stuff... Do I Kill the Deal?
23 February 2024 | 35 replies
Not so nice im not the best at not getting defensive haha Im sorry i didn't note somewhere on the calculator that the first year would be different with me living there , i assumed in my story i was saying that was happening but again the numbers wernt clear so next time ill have that in there somewhere Thanks again for continuing to engage and not just dropping a 1 liner and continuing on . appreciate it even if i get defensive .- Robert-Lee
David Cianci
Real Estate Course/Strategy
21 February 2024 | 8 replies
I tried to vet his community and it seems pretty legit based on what I was able to uncover and through questions I ask him and the onboarding coordinator, but I have trouble justifying the high price tag for something that seems sort of plausible on my own, yet he makes some valid points on how long some of these things would take on my own without the community.
Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
27 February 2024 | 2053 replies
I wouldn't be able to say without taking a look at your info, but based on the short amount of time uncovered, I would guess the penalty would be very nominal (if any at all).
Mike Terry
Did I hear David Greene correctly this morning? Cash out 1.5MM retirement fund?
22 February 2024 | 43 replies
There are always new and interesting strategies out there that just needs to be uncovered.
Thuy Pham-Satrappe
Do you invest in high crime areas?
19 February 2024 | 145 replies
The unit is not horrible, but not so nice either, and needs some serious love.
Shawn Blake
Do I need a title company for this?
17 February 2024 | 7 replies
Title insurance is there to cover any discrepancies that the title company was not able to uncover and assures you that you have a clear title.