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9 February 2022 | 78 replies
My list of Rookie mistakes is long: (in no particular order)Buying a first property in a "D" neighborhoodUsing an off market seller's title company, ignoring red flags when a purchase deal is going southRenting to friends, Hiring friendsLetting bad tenants stay too long because it's an "inconvenient" time for another turnoverBuying used appliances and lawn equipmentFailing to have a process in place for accepting pre-move in funds in a TIMELY mannerGiving a tenant with "legal issues" a chance; Giving an out of state tenant that I could not adequately vet a chance.Not expecting constant change in tenants, rules, vendors, employees, everything...P.S.
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31 January 2022 | 248 replies
I am not succumbing to fear but preparing to buy multifamily deals with 75% or less leverage that cash flow and by raising adequate reserves.
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28 September 2023 | 30 replies
It may be the door jamb has been damaged from getting forced open repeatedly, and/or having partial, poor repairs done; or improper screws were used to mount the hinges at some point, easily pulling out or just not able to be secured adequately.
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28 January 2021 | 36 replies
After the first year, we will have adequate data to estimate a maintenance provision.
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4 May 2018 | 100 replies
I prefer to maximize my returns through maximum leverage with adequate cash reserves.
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24 January 2017 | 10 replies
A portfolio or Hard Money loan could be quicker but weight the pros and cons adequately.
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20 March 2017 | 23 replies
The buyers had adequate down payment and great income or owned their own job or.....
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29 November 2015 | 0 replies
In cases where the condominium homeowners association carries a blanket policy for the common areas that also covers the risk for individual units, that insurance would be acceptable (assuming adequate coverage).
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11 June 2021 | 2 replies
His income is adequate but wanted to have his cousin move in.
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5 November 2016 | 9 replies
He may take it out on you or promise to pay more and then end up not having adequate funds.