Challenges?

Challenges?

Some more options for investors facing similar problems with Beattie, Blacktip, or other builders:1) Contact a real estate attorney to advise you on your options.2) File a complaint with the Florida Department of Business and Professional Regulation (DBPR) (more info: https://www2.myfloridalicense.com/file-a-complaint/)3) File a complaint with the Attorney General for the State of Florida (more info: https://www.myfloridalegal.com/how-to-contact-us/file-a-complaint)4) For filing a small claim (under $8,000) in Lee County Civil Court (more info: https://www.leeclerk.org/departments/courts/small-claims)5) Contact WINK News with your story.

Plus, with the relatively stable rental market in Memphis, it’s less likely you’ll face extended vacancies compared to more volatile areas.Overall, option 2 (buying a few out-of-state properties) seems like a solid choice.

This is important, because the only way the Fed gets aggressive about rate cuts is in the face of skyrocketing unemployment.

Challenges?

Yep, a recurring theme is that communication from the operators is essential -- especially during challenging times.

Thankfully I have no property in NY.I loved this quote which shows just how clueless people are about housing issues:“Housing instability is at the root of so many problems facing our city, such as exacerbating homelessness and hunger, failing to meet our children’s educational needs, and undermining public safety,” said the CWTU in a statement.

Sidenote: if borrower is paying P&I and investors receiving interest only it gets more challenging as you are receiving dribs and drabs of principal back every month which is impossible to deploy but you are still paying investor interest on it. yup drag on the fund will drag you down.

This poses an additional challenge for new RE investors.