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5 December 2024 | 15 replies
------------------------------------------------------------------------------------Recommend 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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4 December 2024 | 2 replies
"A smart person learns from his mistakes, but a truly wise person learns from the mistakes of others" - Ken Schramm
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14 December 2024 | 101 replies
Moreover, they were showing us different cash flow sheets with big mathematic mistake.
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11 December 2024 | 101 replies
The FED almost lost its credibility by keeping interest too low for too long and is probably not gonna make that mistake ever again.
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5 December 2024 | 9 replies
The population is almost half of what it used to be 2010, property values are going down, median home prices -1.5%,..You are making the classic nooby mistake looking at cashflow as your #1 criteria.
30 November 2024 | 4 replies
Eliminate debt, establish a budget, and save.
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5 December 2024 | 10 replies
Biggest mistake I see is going to vacation and then half of the 45 day ID period days are gone or an investor looking for a (deal of the century and not being realistic).
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9 December 2024 | 20 replies
Then he admitted his biggest mistake was not holding properties, so I asked why.
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7 December 2024 | 14 replies
Keep it straightforward at first, but know that experience is the best teacher—mistakes are part of the process and will help you learn.For ARV (After Repair Value), start by running comps (comparable sales) on recently sold properties in the area that are similar in size, style, and condition to your planned rehab.