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30 May 2021 | 36 replies
@Will Gebbie most of the mistakes an investor makes or anything that can go wrong with a rental property can happen whether the property is local or out of state.
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20 May 2021 | 6 replies
Check out this article before connecting with any RE broker: https://www.biggerpockets.com/...The biggest mistake people make, is that they call up brokers when they aren't ready and sound like complete newbies.
21 May 2021 | 17 replies
Worst case scenario, if you are not comfortable doing this yourself, a good agent will happily help you out if you let them list the unit for you and pick up a tenant.
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28 May 2021 | 4 replies
Or did I make the fatal mistake of continuing to pay even though I knew it was way to high?
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18 May 2021 | 1 reply
I would keep the rentals there after you leave as 1031 exchanges must be done exactly right, one little mistake and you will owe a bunch of taxes.
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19 May 2021 | 2 replies
You may offer the worst tenant money to leave (keys for cash) so that you can rehab the unit while vacant.
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19 May 2021 | 2 replies
In the worst case scenario with a ban, the property wouldn't cash flow that well (a few hundred negative).I am comfortable with that considering this scenario still cash flows better than most other housing arrangements I could afford in this market.
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19 May 2021 | 7 replies
You can hire someone who lacks experience and can be trained, which may cost less but can lead to more mistakes along the way.
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21 May 2021 | 20 replies
Thanks @Charles Carilloya eviction process it going to take time.so worst case I can still sell the property or any complexity there?
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22 June 2021 | 12 replies
My 2 biggest pieces of advice... 1) If you want the fast track, get a mentor - but the RIGHT one...it's a crowded space and we definitely made a mistake selecting the wrong one the first time around (now we're with an amazing group and have closed over 400 doors in 2 years). 2) Don't fall into the trap of thinking you have to start small ...you don't.