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5 February 2025 | 38 replies
Prefer keeping this kind of stuff behind closed doors if possible and sorting it out without revealing dirty laundry.I would have been in the same boat as many other turnkey providers that are no longer around if I didn't focus on limiting how much business I take on.And even with my stupidly strict criteria, we still copped the brunt of the sword.Business is business and people are people, sometimes things just don't work out.It's a true shame but such is life.I always want whats best for everyone and for every deal to work out and for everyone to succeed.With the best intentions, mistakes are still made.Those that work hard and do their best, will also make mistakes unfortunately.Again, I sleep in peace and whenever I F@#$ up, it's an honest mistake so crucify me all you want.Thank God, never been sued and back round is squeaky clean and I intend to keep it that way.Less is more and when crisis does arise (It always eventually does no matter how much you prepare and do your best), we can hopefully rectify and do our best to fix.For example, just had an investor loose $50,000 on a deal and the next few deals we are working for free for this investor.We don't have to do this, we want to...Not sure how we would be able to accommodate such an instance if I had 50+ investors loosing that much so I guess my stringent on-boarding criteria has saved our A$$ for 10+ years now.Granted, I'm burnt out on folks and have pulled back even more from doing our "measly" 4-5 turnkey deals per month and have decided to focus on just building my own portfolio.Like I initially intended when I moved to this country in 2012.Thanks mate and keep being great
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5 February 2025 | 17 replies
The best way is with people you know.
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3 February 2025 | 8 replies
Just had a quarterly Bank advisory meeting for small towns and areas All technical people are Harding to get.
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24 February 2025 | 10 replies
It’s a great way to meet people who are actually doing deals and can share what’s working for them.Also, build a solid team.
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2 February 2025 | 2 replies
People are looking to live smaller or some are being forced to live smaller, hence the insane growth in apartments and storages.
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8 February 2025 | 2 replies
Depending on the type of commercial you want to get into my suggestion is to go work for a company that does commercial real estate as learning from people who do it and getting paid at the same time is not a bad strategy
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15 February 2025 | 7 replies
Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house.
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20 February 2025 | 11 replies
Great insurance agent, great realtor, great lender, great attorney, great title people great trades and others.A great realtor can save you time, money, frustrations, headaches, and keep you out of a lot of trouble.
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11 February 2025 | 2 replies
Many people miss out on things like this because they simply are not aware of these options.
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23 February 2025 | 18 replies
This is a great place to learn and to connect with people so take advantage of all the great resources.