7 January 2023 | 2 replies
You should by all means seek out and try more vendors of this type, but you should maybe also politely explain to the tenant that while you hear their feedback and are willing to make a good-faith effort to try new vendors, you can't be responsible for how other people behave, there are only so many great repair people out there, and you're also trying to make repairs in a timely and cost-effective manner.
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7 January 2023 | 3 replies
By Analysis Paralysis I assume you mean you are afraid of risking either your time/effort or money and then losing it.Well, the deeper your pockets the less likely you will lose because you have a cash cushion.Maybe a way to get more comfortable with this would be to have saved up 40% of the down payment (for instance and then only needing 20% to buy and another 1% or 2% to turn the unit and get a renter in there.Maybe your fear is good and proper thing...you would not want to have someone else hold you accountable for walking into a burning house without protective fire equipment on....you would get burned (and you know it).If this was congruent for you (at this time) you would not need anyone to prod you into doing it.So I say save up more money, enough that the amount risked seems less to you--in the overall picture.Everyone has a different Risk Tolerance, see what yours is here: https://finmasters.com/risk-profile-test/Good Luck!
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8 December 2009 | 6 replies
The average home is worth 100K so you will net about 75K for your efforts and probably have 3 years invested into the property.
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7 May 2013 | 18 replies
NOTHING for all the extra time/effort for monitoring a foreclosure, dealing with bankruptcy counsel, etc., etc.So when we say our best world would be if we never filed another foreclosure, we're "truthin."
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26 December 2012 | 7 replies
Just reviewed, I know that being the bearer of bad news is not popular, but that was the question posed, the good news is that much of this, not all, can be managed or limited, but most have not taken the extra time nor effort to perfect.
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15 January 2014 | 46 replies
If you're going to buy all cash at the price point you are talking about, I just don't see how you will earn returns that would in anyway justify the effort.
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14 April 2013 | 3 replies
It takes a lot of time and effort but if you do find a off market deal then the payoff is well better than average.
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21 May 2019 | 23 replies
I tweak my website based on said tests.Click funnels, and all these ploys and tricks to find leads simply do not compare to simply SHOW you are the best solution for them.Spend more efforts being credible than figuring out how to get their email!
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17 December 2014 | 9 replies
The returns seems good vs the ongoing management effort required so I’m hoping the experts on this board can help me with a few questions and highlight any key risks I could be missing. 1)Learning Resources: Online content and books are far less comprehensive than multi-family investing.
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25 August 2017 | 20 replies
It's not rocket science, it takes effort and time.Any Harry homeowner can call a contractor and get estimates.....