I’m working toward my first deal, and stories like yours keep me fired up. 

Long story short.. they inflated rent projections, sliced corners on property management, and almost left him holding the bag when the actual numbers came in.Vetting a syndicate means getting cozy with the sponsor’s track record, verifying their underwriting approach, and understanding whether they’ve handled rough waters before.

I recently purchased a 1500 SF two-story rowhouse in New York with a building class designation of Two Family Dwellings - Brick (B1).

I My story is similar to yours I'm just a few years ahead of you.

Examples could include:Partnering with other investors to share risk.Using seller financing or lease options.Leveraging creative rehab techniques to save on costs.Negotiating with contractors in a unique way to reduce expenses.I’d love to hear any stories, tips, or approaches that helped you pull off a deal others might have instantly passed on.

Thanks for sharing your story—what strategies are you using now to prepare for calls like that?

Purchase price: $232,000 Cash invested: $200,000 Sale price: $575,000 I purchased this single-family property and undertook extensive renovations, including excavating a new foundation and reframing the entire two-story house.

Relationships really are the lifeblood of real estate, and your story reminded me why I’m so determined to build those connections. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $340,000

Cash invested: $20,000

I bought a 5-bedroom, 2.5-bath home in a great neighborhood where my wife and I wan...

If it were to read LP member owns XYZ% and will receive a certain percentage of proceeds based on property performance, that's a different story.