
18 December 2017 | 45 replies
You are also that much more likely to nickel and dime your contractors, skimp on or delay upgrades you should make, mismanage a landlord/tenant situation or ***** about your property manager keeping late fees instead of you.By all means borrow - I would draw the line at leverage because that means that the value of the assets you are controlling are beyond your means, which means if anything goes wrong you will not be in control of the situation.So yes borrow, but my rule of thumb would be to ensure that your monthly repayments could still be comfortably made if you lost half your rental income overnight.

10 July 2019 | 132 replies
Kudos to the other posters for researching your market value for you too.I might try saying less in the ad about how you intend to nickle and dime the renter, sometimes less is more.That said, having showings and no applicants is disturbing.

4 September 2019 | 23 replies
I can use my nickels and dimes all day.

23 July 2020 | 19 replies
Don't play with other people's money and learn things on your own dime.
11 May 2019 | 18 replies
Now I know this might sound like I am trying to nickel-and-dime my tenants, but when you take into account that those days really add up it seems more like the tenants that are getting a free ride.

25 September 2019 | 3 replies
Deal analysis tools are a dime a dozen, you can use spreadsheets, web apps, native mobile apps, etc, it all depends on your preference.There are a bunch of Excel spreadsheet templates in the BP fileplace for analyzing rental deals or rehabs.Here's a few:https://www.biggerpockets.com/files/user/JasonScott/file/20-sfh-rental-analysishttps://www.biggerpockets.com/files/user/brandonatbp/file/brandon-turners-spreadsheet---rental-flip-hybrid-calculatorOtherwise, BP has their own Calculators you can use to analyze rentals or flips.https://www.biggerpockets.com/buy-and-hold-calculatorhttps://www.biggerpockets.com/flip-analysisWhat type of deals are you trying to analyze?

5 November 2019 | 24 replies
Even if you don't make a dime from a mentor, the experience can be priceless.3.
21 March 2019 | 10 replies
Get moving yesterdauy on th eviction, you are likley not going to see another dime in rent money.

9 February 2020 | 6 replies
My advice is, get what is required in your state and then move forward and along the way if you want to get additional certifications go for it but, understand that certifications aren't really going to translate into higher cash-flow in a nickle and dime business... hope this helps.

16 July 2016 | 2 replies
Create a goal to meet with a 3-5 new investors every week.After you get your property, take every dime and put it back into paying down debt or as down payments on new, bigger properties.