Making effort a top priority, I was able to put up some satisfying numbers.On the phone [from 11 July 2024]:📞 11,005 Calls🏘️ 2317 Addresses Reached📌 50* Leads Generated🔎 7* Properties to due diligence phase📆 2 Scheduled Closes💰 1 Closed*Denotes: Database did not track metric from Day 1.The last 6 months have given the groundwork to build on.  

Many don’t track this statistic as closely as they should which is why many lenders go under.

Most think they invest in a B, but it is really below median, so a C plus or even C minus.If you want to know if your neighborhood is slipping, track the median price of that municipality/neighborhood against the median price of the metro area or State if you want to Zoom out.Here is an example: Wauwatosa (blue) has been outperforming Milwaukee County, Wisconsin and the US.

As important as due diligence, analysis, knowledge of the property type, track record of the syndicator, correctly predicting economic trends, and timing is, the number 1 way to avoid a devastating loss is NEVER INVEST MORE THAN 10% OF YOUR INVESTABLE ASSETS IN ANY ONE DEAL.  

From here you could decide if you want to stay on the passive side of things as an LP, or if you want to begin raising capital for your own deals / funds based on your track record of investing with other experienced operators and being part of the masterminds that you're in.

In many of these financings, the buyer paid a purchase price based at least partially on the increased cash flow generated by the property being “proven” as a successful STR.  

Your investment is secured by the underlying property. preREO is a new, very creative and now proven format for local real estate investors to obtain control of a property before it goes to REO where everyone will have access to bid and drive up the price.

You must find a team with a long track record of experience that you can hold accountable.

Given their track record, I’ve been lenient because I feel for them and understand how hard it must be for their family (I also have their $1,900 deposit). 

He just told me to read the Cook County Residential Tenant Landlord Ordinance with the idea that doing so should just stop me in my tracks from bothering with rental at all.