We work with a company that we can communicate with to red flag situations like this now. 

This deal would have never happened if we weren't communicating and caring with the seller.

I also diversify into alternative real estate, like self-storage, to stay ahead of emerging trends.I’ve learned valuable lessons over the years, particularly the importance of clear communication and aligning expectations in partnerships.

The biggest lesson learned here is that there are going to be mistakes made or problems that come up, and so having patience and communication thoroughly with your partner and team are key to getting through the process.

Quote from @Kerlous Tadres: Quote from @Michelle Howey: Hello everyone,I’m currently exploring ways to find off-market real estate deals and would love to get some advice from this knowledgeable community.What strategies or tools have you found most effective in identifying off-market properties?

In short, this would be an entirely appreciation-based investment.Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

This approach could be the fastest and most cost-effective way to regain possession of the property and prepare it for new tenants.4oShe put in the post that it's located in Edmonton, Alberta, Canada.

. - Communicate openly and regularly to build trust.

Clear Communication & Transparency – Delays, hidden costs, and unclear expectations can kill your investment.

GP's going dark on the LP's, no response to communications etc.