The outcome is still in progress.

The outcome is still in progress.

If the inexperienced investor knew how much work, effort, time, analysis, negotiation, organization, capital, and knowledge it takes to successfully find, identify, evaluate, and close on a property that fits the criteria that gurus falsely claim they see 100’s of every day, 99% of them would abandon their real estate dreams” and pursue ostrich farms, mink breeding, or setting up a “down line” to sell condensed cleaning products that their “upline” has an exclusive distributorship on for the southwestern quadrant of Bisbee, Arizona.  

I'm not against hiring people without a solid estimate for the whole project but then it just means the work is paid based on an hourly / daily rate and I get daily updates on the progress and I watch them very very closely.

Ian, I would agree if I though the US economy followed a logical progression.

4390 Asteria Terrace progression photosFill Dirt & Build Pad -> Underground Plumbing -> Slab Prep

However, you’d want to carefully evaluate market conditions to ensure you don’t lose too much on the sale.Pros:Avoid further investment and risk.Free up capital for other opportunities.Cons:Selling costs and potential difficulty finding a buyer.You may miss out on potential appreciation.Recommendations:STR Route: If you believe there’s potential to improve revenue and occupancy by refining your property’s appeal, going the STR route could work.

My book on Turnkey Real Estate Investing - Simple Concepts to Overcome Analysis Paralysis and Acquire Your First Rental Property in 29 Days (this title is a work in progress) should be released before the end of October.

Haven’t had a call to them from tenants yet so hard to evaluate.

A complete pitch deck will include: We'll evaluate some live deals to make sure that your assumptions and ARVs are in line with what our underwriter says.