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19 January 2025 | 61 replies
I would like to think in a way that investment in general, and the real estate investment, start with a solid economic reason - "Why do you Invest, where you invested".To elaborate on below - Vegas is a great example where no real economic driver exists and when you invest there, you should be aware that is a highly volatile market (side note: i both 2 properties there in 2011 and 2012 and i sold both this year) and you should pay an extra attention and be prepare to reposition capital.It's clear, if you invest in Vegas or Orlando (just 2x entertainment cities) you will expect ups and downs and you need to position yourself with extra reserves and extra caution if you are planning to stay in these market for long term.
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27 December 2024 | 20 replies
Be prepared to navigate through potential tenant issues and lease terms.
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14 January 2025 | 329 replies
We are now preparing to foot costly lawyer fees ($10k+ according to our lawyer's experience with difficult cases like this), and likely won't see a cent back since we have so little information about these people and they may not have anything to lose.My heart goes out to everyone who is truly struggling due to the pandemic and are, in earnest, doing their best to be responsible tenants by communicating with their landlords and trying to work things out.
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30 December 2024 | 20 replies
Post on local Facebook pages for contractor referrals, go to local REIAs, and ask your potential agents and PMs (even if not using a PM at first...you may at some point).There is only so much that service providers can do and many of them are far from "experts"; so, be prepared to be your own expert at being willing to figure stuff out as you move forward.
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22 December 2024 | 2 replies
Prepare to be tenacious to get what you want here.
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3 January 2025 | 8 replies
Buckle up, and prepare for total loss, or an additional capital call or two in 2025.
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26 December 2024 | 9 replies
At any time, anything can happen to a host and it's best to be prepared!
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15 January 2025 | 39 replies
. - Just be prepared, because a motivated seller typically has a property with issues you need to be sure you can solve.
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21 December 2024 | 7 replies
Thank you @Dave Foster I look forward to my new venture and investing in real estate hoping to achieve financial freedom and enjoy my life with my kids and my beautiful wife that has a terrible debilitating autoimmune disease.
1 January 2025 | 24 replies
In reality, you are never going to be fully prepared by watching YouTube videos on how to invest in real estate.