Starting out in real estate can be overwhelming, but with your background in flips, creative financing, and the Pace Morby community, you’re already ahead of the game.

Think of vehicles like the cyber truck where you need to sign up ahead of time to pre-order and so many people want it that the value increases shortly after they are released.

Taking action and learning from those actions are key to moving ahead.

Getting the information takes time and experience but once you have it you'll be light years ahead of others who are just starting out. 

I had clients in PHX  and Vegas that lost their 4 plex's because they went 100% vacant and stayed that way.. they owned 4 or 5 of them.. it only took about 3 months of negative cash flow and they were done.Max leverage loss tenants  lose property.. that's the formula..  

The mega site in Richmond, as well as Mt Vernon, will really change the landscape in these areas as they did in E-town when the battery plant came in play. 

It may even take a 3-5 years to get cash flow positive but if during that time it is cheaper to own monthly, than pay rent, you are way ahead.  

I hope you don’t have friction with your partner because the money got ahead of the work.I’ve had some success hiring workers for the day at the prices the gcs pay them $100-200 but have had my fair share of misses here too.

Developing and reinforcing habits I have found to always be a key driver and formula for success.

I think seasonality is starting earlier, but if people are starting this early, ahead of inventory bottoming, we could have a pretty crazy spring.