Also you know you’ll have enough for your project whereas often at the box stores we were finding like 4 packs of the hinges that we wanted then having to wait 2 weeks to get the other 6 packs back in stock.

Every week, Scott Trench and I bring you two episodes where we share money tips and tricks, along with telling Money Stories of our guests.

I have only a few spare hours a week I would want to be a passive investor using property management companies.

Take a narrated video.

MLS, direct mail, through a wholesaler, etc.The property can be located in PA or NJ, they do not care.We have to send them a detailed comp reportWe have to have our GC's come out for bids (on our dollar)We have to have our inspector come out (on our dollar)We have to get the property under contract with a 10 day inspection period before we can show it to them or have their inspector come outThe contract has to be assignable$50,000 is the profit they ask us to shoot for6-8 week rehab time, no structural issuesOnce we find a property and get it under contract, we must immediately pay $795 for their inspector to come out, send them our comp report and our GC estimates.  

We pay weekly via ACH - but larger volume PM company here. 

Quote from @Vida Lolitaa: Here's a video showing the actual cost.

We are seeing more and more horror stories pop up from folks losing their investments after pooring them into trash syndicate deals, or buying in C/D grade areas out of state because a YT video or message board post gave them FOMO.

How many YouTube videos do you expect someone to watch before they start cutting into your skull? 

I’ve had one vacancy over 3 weeks in the last 10 years and that was someone who bailed during Covid and left the place a disaster.