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5 November 2017 | 22 replies
So familiarize yourself with the different ways payment can be processed, because many landlords were burned...https://www.biggerpockets.com/forums/52/topics/500...
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8 November 2017 | 12 replies
Some people just posted stuff for the Superbowl then forgot about the listings.Read some posts from @Al Williamson he is helping a lot of people get their airbnb's going and currently pushing a 30 day minimum model as a way to get a premium over long term unfurnished but not burn out from too much turnover
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2 November 2017 | 3 replies
-Oil burning furnace: Fire hazard with amount of buildup in furnace and in flue.
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7 November 2017 | 12 replies
Usually the folks who get burned are the ones who fail to ask themselves "what can go wrong in bad times, and what have I done to mitigate that risk" (e.g., you flip a house with HML because you think the market is hot and ARVs in 3 months will be at current or higher levels, but don't plan for a market slowdown).
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6 November 2017 | 1 reply
I didn't want to tie up all of my own cash in the deal and the truth is, I am really happy I approached the deal that way rather than burning through my own cash.
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11 November 2017 | 4 replies
There will still be PMI, but it will burn itself off.
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7 November 2017 | 2 replies
I've been circumvented and burned many times in the past and that wasn't something I felt I could not do.
29 November 2017 | 26 replies
Those who have tried a tk company and had a bad experience are MUCH more likely to still be very vocal on BP, because they've been burned and are still looking for the right investment.I think @Mike D'Arrigo gave a perfect list of important red flags - the cash-only, no repeat investors, and pre-tenanting closing, especially.
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7 November 2017 | 0 replies
I would greatly appreciate all feedback and recommendations as this is my first time looking and do not want to get burned.