![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3135887/small_1729192838-avatar-victoriah130.jpg?twic=v1/output=image&v=2)
5 December 2024 | 15 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3082492/small_1721686481-avatar-rogerg78.jpg?twic=v1/output=image&v=2)
2 December 2024 | 14 replies
Always ask for references and examples of similar projects (pictures)The Red Flags you have to Avoid:Lowball bids (too good to be true often is).Poor communication or delays in responding.Hesitation to provide references or sign a detailed contract.Cash-only deals or pushy behavior to secure the job.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3150930/small_1733684151-avatar-kevinr784.jpg?twic=v1/output=image&v=2)
6 December 2024 | 25 replies
This points to poor management and/or marketing.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2983325/small_1716739103-avatar-marcs233.jpg?twic=v1/output=image&v=2)
2 December 2024 | 10 replies
I looked in thrift stores and on FB Marketplace for my house, but found poor selection, and none of it fit in with the decor I was going for.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2980269/small_1711249716-avatar-vivanb1.jpg?twic=v1/output=image&v=2)
16 December 2024 | 43 replies
That's a poor decision that you and nobody else is making here.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3150429/small_1732637168-avatar-matthews1470.jpg?twic=v1/output=image&v=2)
26 November 2024 | 2 replies
. - New windows, AC ducts, attic insulation, gutters, appliances, fans & lighting, paint, and tile.
2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1298692/small_1621511106-avatar-hoo.jpg?twic=v1/output=image&v=2)
2 December 2024 | 8 replies
I've been wanting to get into real estate since when I read Rich Dad, Poor Dad by Robert Kiyosaki in 2004.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3103176/small_1724098518-avatar-matthewg747.jpg?twic=v1/output=image&v=2)
2 December 2024 | 14 replies
If it goes well, investo more.If it goes poorly, figure out why and maybe you picked the wrong market, the wrong team or the wrong property Class.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/705177/small_1675463558-avatar-collinschwartz.jpg?twic=v1/output=image&v=2)
1 December 2024 | 377 replies
Very inspiring to see someone with such poor social skills achieve their goals so quickly!