Yet they failed to garner a single successful booking.

She called me because the picture window in her living room spontaneously exploded and the owner (also the failed flipper) blamed her, well come to find out this genius cut a big hole in a load bearing exterior wall for this window but had neglected to put a header in so when a big heavy snow came, the pressure was too much for the window and it followed the path of least resistance. this happened 2 consecutive winters. a home inspector would not have caught that because it is hidden behind sheetrock but if the work had been permitted, it never would fly. my point is that an inspector can only inspect what they can see and that many flippers either have no clue what they are doing, are trying to cut corners, or don't care. there ARE some good and responsible flippers but when I know a house has been flipped, I am always suspicious.

The #1 reason I see people fail is that they FAIL to accommodate for maintenance cost.

If they are failing to do this fire them and move on.

I just thought mu numbers were so far off that maybe I was making a big error in my calcs....the 1% rule, while I understand is not a rule...haha....seems to fail here.

I truly believe that Real Estste is the best chance that an average person such as my self has to building wealth.9 out of 10 Businesses fail in the 1st year & 9 out of those 10 that made it fail in 5 years!

Sometimes it can be hard to figure out why someone succeeds and another fails at it.97% of small businesses that fail, do.so because they are not properly capitalized.

Maybe you are doing that and I'm reading into your wording but just sayin.Partnerships suck in general but partnerships with partners who have no skills and no money is you begging to fail or get screwed.

Any fees that you fail to collect prior to rendering a service carry a risk of not getting paid.

After making some calls to understand who failed to disclose the correct lease agreements, the property manager informed us that she had signed new lease agreements with several tenants after we put the property under contract.