Some went through the process of signing the NDA, providing proof of funds, and having multiple conversations, only to end up ghosting me.I think what a lot of this comes down to is that many people start looking for a business before they’ve figured out for themselves what it is they really want, and what they can actually execute on.Here are a couple of the common misconceptions I encountered from buyers:🚫 You can close on multiple acquisitions within a year.Sure, it can be done.

What REI don't get, is equity is actually what you are paying for a property. 

Another key change is making sure your contractor actually sticks to completion deadlines...why, because of how extremely tedious permit inspectors are getting in some cities, which can slow progress in and of itself.

In other words, asking for that can actually hurt you in negotiations. 

Jaime, I'm actually sitting in a hotel in Lehi, near Salt Lake, right now.

That property looks fantastic actually, I think sorting out the budget would be our biggest challenge.

Many of those properties don't actually produce income due to turnovers, vacancy, maintenance and damages and you're lucky if they appreciate enough to keep up with inflation.

In terms of other factors, I'm not sure there's a lot because I did have some people express interest in filling out an application before, and I actually got really close with one potential tenant, but it was because of the alcohol policy that he ultimately decided to back out.

In my experience that's not actually the case at least in legitimate evictions for non-payment of rent or breach of another part of the lease.  

I just want to hear some insight from people who’ve actually done it.