Preparation and perseverance is essential to successful real estate business or investment.

Also as a flipper....you should be prepared to complete a laundry list of items to be repaired.

What are the most common challenges faced by multi-family property owners in Jersey City, and how can I prepare for them?

That more than prepared me for managing my own properties.Biggest mistake?

You should get an attorney-prepared lease fit for your situation.

There's a long checklist of items to prepare before you start your direct mail campaign:1) Is it scalable (manual letters aren't) 2) Are you using your time in the most efficient manner (handwriting is ok for starting, but you need to hit 1000s of targets to get the responses to grow your business) 3) Is your message correct for that market?

Be prepared to act fast, as desirable properties are still moving quickly.For Sellers: With rising median sale prices and strong demand, you can confidently list your property knowing that buyers are willing to meet your asking prices.

Therefore, since this loan will end up sitting on the lender's balance sheet, you should be prepared to pay an interest rate that would make sense for that lender to have their money tied up without earning the additional income they would earn from selling their loans at a premium on the secondary market and being able to re-lend and keep flipping the money. 

Venture to the unexplored real estate area… maybe this 6-figure job is holding me down Will I regret not giving myself an all in adventure ….Does anyone ever run into this cross road?

If they are not prepared to live in this area that is not my responsibility to ease it for them.