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17 September 2024 | 68 replies
I have no choice but to succeed, at my age, I'm never going to have $1MM to invest to only pull out $40,000, the 4% rule, but I can take $80,000 to make that $40,000 using leverage in a C area.
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8 September 2024 | 0 replies
I am an appraiser here in BC but I have found that the AMCs have made it virtually impossible to succeed financially in the field which means it cannot be a full time commitment, namely in BC where I currently live.
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13 September 2024 | 50 replies
Purchasing a property in a place that one has zero connection to, no working knowledge of, and is dependent upon strangers with a profit motive to succeed is a terrible idea.
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13 September 2024 | 61 replies
Honestly, it's not my job to figure out where the money comes from or if it raises the deficit, it's the government's job to collect revenue from corporations and wealthy Americans to make it available for these programs to succeed.
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6 September 2024 | 4 replies
In our24 years of experience, managing almost 100 S8 leases currently, the average S8 tenant has a FICO under 580, numerous collections from utility & cell phone companies, doesn't want to pay a security deposit, much less an application fee and claims they don't know how to fill out their S8 paperwork despite being in the program for several years - hint: they want YOU to do it for them.Most, not all, are eligible for government assistance due to a funeral-march of bad choices.REALITY: you are trust trading one set of problems for another.You can succeed with S8, but you need to understand the challenges and plan accordingly.
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6 September 2024 | 0 replies
Whether it’s through mentorship, case studies, or real-world success stories, seeing how other investors have navigated challenges and succeeded can provide you with invaluable insights.These stories don’t just offer inspiration—they offer real strategies that you can apply to your own journey.
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8 September 2024 | 13 replies
Over my years in real estate, I have observed that the people who succeed are all in on real estate.
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4 September 2024 | 8 replies
Gritty students succeed, and failure strengthens grit like no other crucible.”― Jessica Lahey
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4 September 2024 | 6 replies
There are lenders that will finance newbies, even at 100% of the purchase & rehab, but if the numbers do not make sense, the chances of that deal getting to the table are thin (especially if the lender wants to help borrowers succeed, not help them fail).The lender's underwriter looks at every deal, but especially the lesser experienced operator's deal to determine what is exposed vs what is the return.