The plumber’s report indicates that the leak may have been caused by an overflowing tub or sink upstairs, but the tenant in that bedroom denies any such incident.As a result, I now have substantial expenses for the plumber and restoration company, including drywall repairs, painting, texturing, and reinstalling electricals.

On paper they look great but in reality it's hard to make real wealth. 

The reality is, your equity is what you are paying for your property. 

.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!

JulianTurning investment visions into REALITY in Omaha, NE - Ranked as the #1 City to move to by Forbes Magazine.

In reality it was quite a number of other people doing it together and the person making the post only owns a small percentage and they’re really making the post in order to gain limited partners. 

They end up dumping more money into a sinking deal in hopes they can save their original investment.I think it's important to look at the quality of the syndicator.

Good to hear from someone local to the Milwaukee area the reality on the ground.

He was initially terrified of buying a place with a pool.. thought it would scare off insurers and sink his returns.

The reality is, I know many people that have worked with him, it’s not good.