Our second land trust, however, turned out to be un-lendable due to our mistake of making the beneficiary structure too complicated.

But... you made so many mistakes:(1) No Personal Guarantee: try getting a loan of credit card for an LLC.

Is that a mistake?

Hi all, I want to start the conversation about common mistakes when doing a BRRRR. 

To share some numbers- I bought one in 2022 for $230k (I went over asking and that was a mistake), but got 28k in repairs paid for by the seller and then I put another $42k into it for upgrades.

ALL mine are 2, 3 %ish rule, all in 75k, rent will be 1700, All in 90K, rent will be 1800- 2k, all in MH 95k, rent will be 1700ish, 1% is VERY easy.BTW NEVER buy the prop just because its the 1% rule, MASSIVE mistake.

Mostly worried that even if I find a place and the money, that I'll be making a big financial mistake and have little left to cover unexpected costs.

I've learned the hard waySmart men learn from their mistakesWise men learn from others mistakes 

I look forward to learning as I go, but I'd also love to hear your advice and common mistakes to avoid.

Its a big mistake that many owners make, not allowing pets.