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Results (10,000+)
David Cole What Could Go Wrong?
29 June 2023 | 10 replies
Here is what I have so far:At any time before, during, after investment:I or any of my team unexpectedly dies, becomes seriously ill, or injuredAn impassable disagreement occurs between any 2 parties of the investment teamA member of the investment team fails(for any reason) to uphold their agreementBefore purchase:Incorrect property valuationInability to secure financing after earnestDuring Financing and purchase:Loan executor fails to follow through with the loan.Loan executor misleads or baits me with incorrect terms and conditionsSeller withdraws contractSeller tries to renegotiate contractSeller withdraws agreement to carry loanTitle issuesDuring rehabilitation:Cost overrun - If the cost to complete a rehab exceeds the estimated cost budgeted.Time overrun - If the allotted time to complete a rehab is exceededUnforseen issues - if issues arise due to unknown/hidden problems, termite damage, mold, etcProblematic Contractors - Contractors that want to increase the bid midway through the job, fail to pay their employees, don’t show up when scheduled, fail to consistently clean, low or no skill, do poor work, fail to carry proper insurance, do not use agreed upon materials and/or finishes, use the “you can’t see it from my house” methodology, dress and/or act not in accordance with accepted job site standards, live or sleep at the job site, steal materials, supplies, and/or tools, attempt to undermine my relationship with my real estate team including agents, investors, other contractors, clients or potential clients, places lien or sues, dies or is seriously injured during project, experiences major life event that prevents or hinders their ability to continue, contractor or their employee dies or is seriously injured on the property, gets OSHA or other governing body violation(s)Code Violations - Red flagged for failing to obtain proper building and/or work permits prior to beginning project, overgrown vegetation, etcProblems Specific to Rental Properties:Tenant does not pay rent or pays lateTenant does not pay utilities/trash serviceTenant causes damage to propertyTenant does not take care of maintenance and/or cleaning of propertyTenant smokes or has pets when these things are not allowedTenant makes unauthorized changes to the property, ie painting walls, removing landscaping.Tenant allows others to move in without adding them to the leaseTenant misused the property, ie drug lab, melting plastic in the oven, spray paint graffiti on shed, parks in unauthorized zones such as the grassSomeone injures themself while on propertyHouse fire, floods, other natural disasterMajor maintenance issues such as roof replacement, appliance malfunction, plumbing leak, etcTenant violates city code, ie noise ordinances, trash and debris in yard, etcUnavoidable costs such as normal wear and tear include failing appliances, scratched/scuffed wood floors, dirty paint, worn carpet, etc.After rehab:Property does not appraise and/or sell/rent for expected ARVInterest rates go higher than expectedProperty tax increaseStricter laws are put in place that prevent finance/refinanceThis is all that I could come up with.
Dan D. Beginner with $200k
7 December 2015 | 39 replies
I have personally experienced losses in higher end properties in a leveraged situation and I just sleep better at night being in a free and clear position with guaranteed government rents.
Wade Alderson What Do I do If I Inherit a large sum?
8 March 2018 | 98 replies
Because I can't help but poke a sleeping bear to see the surprise on it's face... for all of the people who were saying it's better to keep the money in a retirement account.
Jake Yates Practice CORRECTLY analyzing deals
5 May 2021 | 4 replies
I want to start analyzing at least a few deals per week to get some practice and experience so I can get to a point where I can do them in my sleep and spot a good opportunity quickly.Having said that, I want to be sure I am analyzing correctly!
Arthur Chou Advice for uncooperative seller
8 June 2023 | 13 replies
It's been really difficult to get a response from the listing agent/seller on they keep pushing back dates because they do not want to disturb the current tenant. 
Teresa Villaruz What tool do you use for dynamic pricing and syndication
28 November 2022 | 10 replies
I sleep with my housecleaner.
Patrick Connell Lease Clause - What is Your Favorite Clause? [List]
14 June 2014 | 45 replies
If the home has a basement, it will under no circumstances be used as a bedroom or for sleeping.""
Todd Whiddon Diary of a POP TOP Second Story Addition Project
21 February 2020 | 171 replies
I never heard back from that letter, but I saw an ad for J's GUARANTEED TRILLIONS WHILE YOU SLEEP REAL ESTATE event and knew I that if I could plead my case in person, he would have no choice but to take me under his wing.It was a capacity crowd of 100,000 people.  
Stephen Moore investing in land
29 November 2017 | 36 replies
I do mailings on a county-by-county basis and I target my lists in such a way that they contain a much larger number of motivated sellers (my response rates range from 5% - 10%, and have been as high as 18%).Land is awesome because it is a zero-maintenance property, the property taxes are extremely cheap, and you don't have to lose sleep over it.
Bryan Dunalp 0% credit cards
3 December 2018 | 21 replies
I have the money to pay it off at any time.... much more helpful as far as being able to sleep at night.