Montell Johnson
Looking for landlording steps from A to Z
11 September 2017 | 8 replies
It is during the MOVING PHASE, that you must be cool, have all your wits about you and be prepared, yet still be cordial so as not to enraged the monster that seems to be lurking in your Tenant during the MOVING PHASE (as there is NO ANTIDOTE to calm the savage beast once it takes form).
Matt Kammeraad
Premium sell/buy now, or sell/buy later? West Michigan
22 June 2017 | 3 replies
Interest rates are amazing right now, and they could be horrible in a few years.I'm afraid that if I buy this house at a premium (what I think is $25k-$35k over priced), that the market will calm down and return to where it was in 2013-2015.
Jack B.
Sell house in HOA now or next year?
6 July 2017 | 0 replies
It hit that much sooner....I can sell it for that this summer.I was having some issues with the HOA and the tenants parking but they haven't been fined in 6 months or so, and the HOA seems to have calmed down.
Brandon Turner
BiggerPockets Podcast 006: Investing While Holding a Full Time Job
21 September 2014 | 28 replies
That usually puts the agent at ease, I also leverage my past purchases to further calm them.Another thing to consider is an offer is just that - an offer.
Hament Raju Mahajan
Apartment Active investors buying too many door too quickly ??
11 September 2018 | 19 replies
It’s hard to just pick 1 or 2 so I’ll just list a few.Improper economic vacancy assumptions Aggressive year 1 gross receipts projections (they immediately jump the income to new rents with no phase-in which is simply impossible)Underestimated expense assumptionsImproper use of cap rates and/or incorrect exit cap rate assumptions Failure to properly account for property tax reassessment post-sale (in states that do this)Basing exit prices on capitalized value of the income without accounting for the subsequent owner’s property tax reassessmentFailure to account for all of the costs incurred in putting together this type of deal and purchase real estate of this sizeFailure to raise enough money to pay the down payment, closing costs, finance costs, syndication costs, immediate capital improvements and still have enough money left over for capital reservesIncorrect calculations of income, cash flow, cash-on-cash return and IRR and/or a clear lack of understanding of those calculations and how to use themLack of waterfall calculationsIRRs and cash-on-cash returns that are inflated because they aren’t raising enough money—and once they realize that and raise more at the last minute the Projected returns would adjust lower but it’s too late now for the investors to evaluate the what the projections should be because they already subscribed This list is just off the top of my head—if I sat and thought about it long enough I could probably double the size of this list.
Mark Ferguson
How much do you believe your attitude affects your success?
14 January 2016 | 14 replies
meditation is hard for me, because I always want to be active and doing stuff, but it is great to relax and calm me down.
Amy Nguyen
Closing date on 1/29 but seller won't extend, need help!!!
27 January 2016 | 11 replies
@Amy Nguyen a good agent and or mortgage broker should be able to calm seller down and assure them that closing will be next week.although if seller thinks they sold way to low and wants out.. then you need to read your contract.. in our market here ( and its different everywhere) if you don't close on the close date contract is voidable.. and you would not have any standing..with the new TRID laws I would be writing closing addendums with my contracts addressing these up front...
Brian W.
Looking for my first deal: Please help me relax
12 March 2013 | 5 replies
In short, I'm feeling rushed like if I don't buy something soon, I'll miss out on all the deals.I am aware that when emotion is high, logic is low so I need help calming down so that I move forward relaxed and operating on logic and numbers rather than anxiety.
Alex Pinon
Hello, I am very new to real estate and located in Tampa Florida
10 October 2015 | 9 replies
This is a great place to calm your nerves.
Geoffrey Murphy
What was your best deal out of your RE career? & why?
20 January 2012 | 18 replies
The previous owner who I met after I purchased it told me he paid 600,000 and put 600,000 into the backyard... it had a flinstone style infinity edge pool with a spa that had a waterfall and a cover tv section.