Adapt itInsurance-  make sure your property and liability insurance provider is geared towards your business and not just the same one you use for personal.  

Real estate is a dynamic field, and adaptability can lead to discovering unexpected gems.Finally, enjoy the process.

Sometimes you must adapt to what the market is telling you as well.

The non performing side will be great  if  when we have to handle a foreclosure but we would rather be creating our own notes and, occasionally, selling performing ones to recapitalize.We are still actively engaged with Eddie Speed and Note School, learning, changing, adapting on the performing side.  

But I think the majority are not adapting to say the least. 

This investment highlights adaptability and long-term growth potential.

For example, McDonald's sells poi in Hawaii and wine in France, adapting to local preferences.In my approach:I chose property types based on what my target segment was renting.

And the ability to adapt is critical: we have seen so many STRs pop up in Milwaukee over the last years, that only the best thrive.Speaking of it: next week at RPA-CON we have a session about STR vs LTR.

To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.

I had been doing multifamily investing for the last 6 years full time,  every day You can learn and always you need to adapt to the market ...Message me we can meet in Doral Luis MFPartners