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1 January 2022 | 2 replies
This was a very deliberate change on my part, to focus on the 4th part of the above list (the other 3 were already good to go).
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23 January 2022 | 10 replies
I did this deliberately so when the trees mature and we have our house built they will hide the view of the rental house.
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24 September 2022 | 23 replies
It is a viable way to start learning the business, but making the switch to the GP side does take deliberate action and a lot of work.
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27 September 2022 | 6 replies
For instance, if the property manager deliberately withholds funds because they want to, would it be a matter for the local police?
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14 October 2022 | 4 replies
Quote from @Sam Abe: If there's $100,000 in damages, I have to assume it was deliberate and criminal.
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24 September 2022 | 12 replies
But there are also GC's/handymen out there who deliberately cut corners, hire the wrong people, or worse, will steal from you.
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26 September 2022 | 0 replies
This is my first post in 3 years.The market is in a very different place in that time.There has been a pandemic,and interest rates have doubled.Social media posts from baby syndicators and operators have slowed,if not outright disappeared.No prizes for guessing why.If you are a newbie reading this,you should never forget this cardinal lesson:Real wealth in real estate is created with equity,not cash flow.And certainly not with transactions.That's why the maxim says "we make money when we buy,not when we sell".It's because you run into all sorts of factors that may be outside your control WHEN you sell,IF you have to sell.Equity builds over time.Slowly.Patience is a virtue.It's why long term buy and hold will remain the king of the real estate game.Not Flipping,not syndication,and certainly not vacation rentals.You must diligently prioritize buying and OWNING your own piece of dirt financed with LONG TERM debt,preferably conventional loan that is deliberately underleveraged in a niche unlikely to be legislated out of existence by sensible new city or county ordinances predictably aiming to protect the local economy.That's how you keep your assets in ANY cycle without having to close bad deals in order to make another buck for another day.Even if you like the passive side of investing in syndications,you must be smart enough to understand you never actually OWN those units.So when someone tells you they own 2000 or 3500 units,call BS.When prices and rents are surging with historic low interest rates,even a 12th grader can become a hotshot syndicator overnight with the right amounts of flashy social media posts with rented red Lambos,Richard Mille watches and private jets strategically inserted.When rates rise,as they have,and projections and proformas head for the toilet,we see many who have been swimming naked.The skinny bad deals closed in a blaze of hysteria and chutzpah circa 2017/2018 with 3% interest rates are coming up for refinancing or sale today.It's 2022.Many of them have 5 year balloons.That's the place the crash everyone has been debating to death is going to start.Exit strategy in real estate is more complicated than can be taught in a 3-day bootcamp.No matter how much you paid for the course.Keep it simple.Real estate is really very simple.
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12 October 2022 | 17 replies
A GC will charge 20%+.All of this should be covered in detail in the Property Management Contract, but as many owners find out the hard way, many PMC's are deliberately vague about this issue, so they can do whatever they want.
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13 October 2022 | 1 reply
The act of inserting their drainage hose into the downspout of their roof gutters is deliberate.