Plus, if you set up LLCs then if some unforeseen tragedy occurs the two property's are separate and unrelated to each other so one could be lost while you still have the other.

It would be a tragedy to lose it for a lack of modest funds.

Even with a family tragedy we still manage to save over 65% of our income to build up liquidity to comfortably do our first deal.

So we set a date for the lease signing and she would bring in the x amount of moneys she needed, when the day comes there had been a tragedy and she wouldn't have the money until the following friday and that the old landlord still has her security deposit.

Hello BP member...

I want to first preface that I feel horrible that I even have to ask this question because a family lost their child...however, this is the NYC market.

Recently a family lost their child and I am...

I first want to acknowledge the pain and tragedy that millions have suffered worldwide from the sudden loss of friends and family due to Covid-19.

The tragedy for me is that it was you that got me into Turnkey real estate.

Its important for the classes, seminars, networking and mindset to get me jumpstarted again after the family tragedy that ate up a few months of business.

So I am a newbie to REI and and have been digging through the Bigger Pockets Podcast archives and found a gem:From Tragedy to Broke to $400,000 a Month...As a newbie things got more crystal clear for me on that podcast.

There was a lot of learning, mistakes, and near tragedies (purchasing a building I should never have offered on!).