It is a mistake to keep this tenant and even a bigger mistake to have them sign a term lease.

If i am flipping a house and doing some basic renovations myself (Demo, cabinets, flooring) and using contractors for the bigger projects, do i myself need any type of licensing?

When you have numbers and a long term outlook, it helps absorb the occasional short term loss.

I’m sure I could pull the old “well you’re names not on the mortgage” card, but the loss of my potential ride-or-die for an extra 800$ doesn’t seem like a very good ROI.

Hello everyone,I am new to Bigger Pockets and to real estate investing. 

Now I know that was just your gateway to the bigger projects but think did you do good on that project? 

Hey all,New to bigger pockets.Decided to join after many months of reading and learning from all the investors here.I have been offered a property in Jersey City and was wondering if I should jump on it.Not familiar with JC and was wondering if anyone on here could help me out.Its a multifamily(2 unit)3 bedrooms each that needs around 90k work .Owner is asking 310k...Its by Baldwin ave and Wayne Street...I am looking to flip it,but would be willing to BRRR.Any advice is appreciated..Thanks

The price points are much lower in Arizona than in California, thus the barrier of entry is lower and the risk as to the amount of possible loss is much lower too.In some markets, it is much easier to find properties that make good investments.

@Seham AfaghaniWelcome to Bigger Pockets.

I am actively trying to recoup my loss.