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9 January 2025 | 21 replies
Get to know other investors and learn from their mistakes.
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31 December 2024 | 66 replies
The worst experience we've had was with a flat roofer (very common roof type in Chicago) we finally wrapped up, after waiting almost two years for them to finish/fix something.
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2 January 2025 | 12 replies
If we are purchasing properties when the market is a highly appreciated seller’s market, we need to realize we may be in DUMB DEBT and should be prepared for the risk of suffering the consequences if and when the economy turns for the worst and goes into a recession as this will likely cause values to drop.
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25 December 2024 | 11 replies
Also, this is the worst time of year to try and rent a property.
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20 January 2025 | 57 replies
That can be legally done under the correct situations.You made some serious mistakes in the purchase, that proper training would have prevented.Again, Subto is legal, when done legally and I am not saying you've done anything illegal.The real solution is to sell and pay off the loan.
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11 January 2025 | 19 replies
In hindsight I can see all the mistakes I made but...pura vida.I do my proformas and try to calculate returns but I don't measure the value of investments purely on these terms like some others who've responded to you.
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2 January 2025 | 11 replies
I had to start the eviction process, but fortunately, they left a little over a month after their lease ended—just before it went to court.These challenges reinforced the importance of tenant screening and clear leases, lessons I’d carry with me throughout the year.Summer: Refinancing and Big ChangesSummer brought a mix of wins and challenges:I began having issues with the garden unit tenants, which would escalate later in the year.After learning from the screening mistakes I made with the garden unit, I updated the third-floor unit and rented it to great new tenants.
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26 December 2024 | 5 replies
Newbies always want someone to cover their mistakes when things don't go as planned.What have you done to solve YOUR problem?
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28 December 2024 | 8 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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9 January 2025 | 18 replies
I've made that mistake in the past and agree that it's not typically a tactful strategy.