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28 October 2024 | 4 replies
@Josh WellsRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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11 November 2024 | 65 replies
And I like to think I helped you not make a HUGE mistake by investing in South Jackson MS which is simply unsustainable for OOS investors 90% of the time regardless of contractors.
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31 October 2024 | 11 replies
Do NOT make the rookie mistake of being motivated by a fear if missing out.
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4 November 2024 | 17 replies
Instead, focus on how you can turn what you have into a consistent flow.To do that, you need to reverse-engineer what it takes to get consistent deals.The biggest mistake people make is this:"I have $3,000, 4 wives, 3 chickens, 2 feral ferrets, 5 girlfriends, 7 jobs, and only 2 hours every other week because of my job and all my girlfriends... how do I become successful with this hectic life and limited hours ?"
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31 October 2024 | 37 replies
I own that mistake, but I haven't been impressed with WWC efforts in how they try to pitch LPs to re-invest more money in sinking ships.
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29 October 2024 | 0 replies
I’m not sharing it to criticize the site owner, but rather to highlight how small mistakes can cost you money when advertising on Google.
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28 October 2024 | 8 replies
BIG rookie mistake and lesson learned.
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31 October 2024 | 29 replies
Show me the waste.Also, if you’re not very familiar with the contracts in your state, it’s very easy to make a big mistake.
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31 October 2024 | 44 replies
You don’t have to skimp on the neighborhood or the quality of the house, but if it is a nice little 3/1 or 3/2 single family home in nice condition with no deferred maintenance, then your chance of making a mistake or getting hurt financially while you learn is limited.
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31 October 2024 | 14 replies
Hi Josh, here are some common mistakes investors make when doing a BRRRR:Overestimating the After-Repair Value (ARV):Investors sometimes overestimate the future value of a property after renovation.