You may discover the tenant can't afford the increase.

I’m beginning my journey into real estate investing with the goal like many of you of generating passive income and discovering financial freedom without having to rely on a “day-job” for much longer, so I can travel more and spend more time with my young kids/family.

Here's the secret: Use a private lender for your down payment/closing costs, and a regular private lender for the debt.

These are things you can see on the front end before you even see the property in person.Red flags that you could discover later once involved in a transaction include difficult tenants and major issues with the property.I wish I had known to start sooner!

My name is Cam, and I discovered BiggerPockets on Spotify.I bought my first multi-family property about a year ago.

In retrospect this $200 was never mentioned in the original pitch but I later discovered that even the idea of one time payment and forever help until you make the $1M profit and split with them is not true.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

Actually, damage discovered and properly repaired and disclosed can show the house is in better condition than similar houses, which may have undisclosed or undiscovered issues.

@Marta Wendel: Where you part of his program and discovered this?

I discovered BP about 3-4 months ago after reading Rental Property Investing by Brandon Turner.