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1 December 2024 | 377 replies
Very inspiring to see someone with such poor social skills achieve their goals so quickly!
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2 December 2024 | 35 replies
All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.
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27 November 2024 | 26 replies
Declaring that I did something unethical, with intent, was an poor assumption.
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27 November 2024 | 9 replies
FHA is only really the better option for poor credit - otherwise a 5% down conventional loan is cheaper and less stringent.
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26 November 2024 | 2 replies
.🔴 Overly optimistic projections: Unrealistic ARV (after-repair value) or underestimated rehab costs can signal poor planning—or worse, a lack of transparency.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.
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26 November 2024 | 2 replies
I understand equity and cash-flow are related, but what I mean is that I don't need the cash flow right now as much as I'd like to build a strong portfolio that can cash flow even more later on.I've owned a single-family rental for 4 years, but on mulitple fronts I felt like I've done a poor job self-managing it, so this Fall I picked up the Turners' book on managing rentals and that's what led me here to Bigger Pockets online.
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26 November 2024 | 86 replies
My greatest pain point is not that the deals failed, although that certainly adds salt to the wounds, it's the poor communication, false narratives, chasing (almost begging) for updates, lack of full disclosure, the smoke and mirrors, etc.
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28 November 2024 | 26 replies
We're seeing historically insulated submarkets to new construction get effected because of how much there has been as a percentage of existing stock.
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27 November 2024 | 16 replies
An STR that is poorly managed may leave the PM without his or her portion of the income, but it may set up the owner to lose the property if that cash flow was needed to pay the mortgage.
26 November 2024 | 7 replies
Especially in blue states, if you’ve gone through an eviction that generally takes multi months, it’s a clear indication of poor behavior in most instances.