The cost of this ~two-hour mentorship was the price of a nice sushi meal (which the unexpected mentor offered to split.)

Unexpected issues can pop up, potentially leading to budget overruns.

Overlooking this step can lead to unexpected risks and potential losses.Critical Components of Due DiligenceData-Driven Decision MakingUtilize comprehensive data to gain a clear picture of potential investments.

If you don’t address these issues at the acquisition stage, you could end up with significant unexpected costs and delays, i.e. buyers not closing on your deal!

.- Budget carefully: Include a contingency fund for unexpected issues.- Focus on high-ROI improvements: Prioritize renovations that add the most value.- Document everything: Keep detailed records of expenses, work completed, and agreements.- Consider liability protection: Look into forming an LLC or other business entity.Starting with cash is a smart move to minimize risk and learn the process.

This gives you the dry powder you need if a good deal comes along or unexpected expenses and you keep the existing low mortgage rates and do not increase your payment until you use the HELOC.Consider how you could increase the cash flow on the existing properties and if you have the means to pay off one of the houses to increase the monthly cash flow that way.

The reason they sell those insurance plans is because they make a lot of money off of them.If a $1,000 unexpected expense will cause a problem for you, it may make sense to have that insurance.

60 day turn around, I put 90 just to allow for the unexpected. 30 day reno timeline as per my contractor.Help!

Ran into some unexpected issues with having to run new power for the stove as well as having to run new water lines for the bathroom and kitchen.

60 day turn around, I put 90 just to allow for the unexpected. 30 day reno timeline as per my contractor.Help!