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28 February 2024 | 130 replies
We're just going to skip over the fact that @Grant Stuard is an NFL linebacker...Congrats on the success sir, we should be learning from you.
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27 February 2024 | 9 replies
You let the renter skip rent for months before acting!
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26 February 2024 | 12 replies
So why not just skip the trees.
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23 February 2024 | 2 replies
Deal Machine just recently started offering free skip tracing to their Pro subscribers (150/mo).
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26 February 2024 | 28 replies
At end of lease term, they left $20k in damages and skipped town.
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23 February 2024 | 3 replies
I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.
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22 February 2024 | 6 replies
They also give you between 10k-15k skip traces depending on the package you choose.
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21 February 2024 | 4 replies
In our market many buyers are skipping inspections to get an accepted offer.Thank you in advance for your advice!
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20 February 2024 | 3 replies
And don't skip on chatting with their previous landlords; you'll get the real scoop on what they're like.Remember, being a landlord is not just about collecting rent; it's about being fair, knowing your stuff, and keeping your property in tip-top shape.
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20 February 2024 | 4 replies
If that is the case, I'd either skip the bankruptcy or talk to a bankruptcy attorney before going that path.2) Instead of selling off the houses, what if she sold a portion of the LLC to you?