Don't get emotionally attached.

Hello I'm beginning the process of investing in my first deal, but i get mix emotions one hand I feel excited and ready and then the negative kicks in the doubts, risks, failure and that brings me to cold feet and start questioning my self is this all together for me or is this a good deal (my friend is the real estate agent and I wonder is she helping me or helping her self and on the side helping me) so I'm here asking for help guidance and anything else you may offer :)Thanks shai

If we get caught up in a bidding war, we start purchasing with emotion.

All this assuming he has valid proof to support his claims.I personally want to see him OUT ASAP but dont want to run into more damages etc and want to take an objective decision and not get carried away emotionally.

Bottom line is if they do not suite your landlord style you get rid of them and find new tenants that you then fully screen and hand pick.Think of tenants as being temporary whether they are good or bad.Defiantly research your market rents as a majority of landlords seem to under charge for some odd reason out of a confused scenes of fear and reward thinking.

Was listening to Podcast 162 all about tax advice, guest Amanda Han said that for investors adopting a BRRRR or Buy and Hold strategy (>1 year) there really is no tax advantages to holding your properties inside an LLC - which is great for me because as a long time US resident on a temporary visa I can only be a passive investor in an LLC which I open (meaning I cant play any active role in the company).QUESTIONS Id love to hear from anyone in the know on.....If I were to invest and work with a partner, Is it possible to resort to using legally binding agreements (rather than an LLC for myself) to decide how profits etc are split up?

Remember that the people that protest are doing so for "emotional reasons".  

I would prefer it does not come to this, but ultimately it is a business and no emotion is allowed. 

Good question.The reason the most successful company in the country in this niche market can have atrocious pricing for the thing, without the atrocious price driving down production (normal supply/demand), and in fact with the higher pricing helping to drive business in a good way for the company (it means they can hire the best & most expensive 203k specialists - niche within a niche), is because you're going to at least FHA Streamline Refinance it approximately five seconds after the work is done, if not full blown refinance it into conventional.Consumers can "get what they pay for" up-front with the otherwise nightmare-ish 203k process going relatively smooth (focus on competence for stage #1 - temporary financing that doesn't blow up in your face half-way through), and then Streamline FHA Refinance it at the discount store the moment the work is done because Streamline gov't refinances are barely underwritten, often DTI isn't even calculated, no appraisal etc (so ignore competence when Streamline Refinancing a gov't loan, just chase rate, for stage #2 - the permanent financing).

Hi @Nicholas Lohr,If it's temporary financing that you plan to get out of, and not permanent financing, there's really no reason for it to have ever been 30 year fixed in the event that you could have gotten a lower rate in exchange for shared risk (what an ARM is).If it was private money and that wasn't an option, so be it.In the event that you do not have a time machine, view it as water under the bridge and move forward with what makes sense marginally.