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Results (1,797)
KC Pake ⁉️ 📲Your Most Expensive Lesson in Real Estate Investing: Share & Learn 🏢
23 February 2024 | 3 replies
I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.
Pj Arora Business Mail delivery
22 February 2024 | 1 reply
Common benefits are:- Opening and scanning mail to email you a copy of what was inside- Shredding/disposing of unwanted mail- physically forwarding mail to another address (for a fee of course)- Depositing checks that they receive on your behalf.Just google "virtual mailbox dallas" and you'll see plenty of options for that market.
Arn Cenedella Is being a spreadsheet ninja the keys to the “kingdom”?
18 February 2024 | 2 replies
If a ninja believes they can move a $1250 a month tenant in between two $800 a month tenants they may be unpleasantly surprised.
Justin R. Texas (Financially) Deadly Property Taxes!
4 February 2024 | 21 replies
The property taxes are unpleasant but don't make my properties bad investments.
Kay Hart Long time tenant but it's time for an increase
1 February 2024 | 15 replies
People get frustrated when you talk too much explaining something that is unpleasant to them.
Thomas Solorio 1031 Exchange non-owner occupied to owner occupied
23 January 2024 | 4 replies
@Thomas SolorioReach out to a 1031x coordinator or a title & escrow company that offers that service for advice.I'm pretty sure going to your primary home would have unpleasant tax implications.
Barclay Hallowell Best use...bandit signs or direct mail?
9 September 2017 | 12 replies
Even the nicest of signs are unwanted once you put out 100+ signs to get your marketing point across.Mailing however is science and art and evolving and nicer shotgun.
Mark Davis Taxes on short term rental in Lexington Kentucky
5 September 2016 | 1 reply
As unpleasant as it may sound, I would suggest calling the Tax authority in KY and tell them what your doing and what you need to do.  
James Flynn Conveyed but unwanted furniture after closing
27 September 2016 | 2 replies

Hey y'all.  I closed on a property that I am rehabbing to put back on the short term vacation rental market in Port Aransas, TX.  The property conveyed fully furnished but I am going to upgrade.  What do y'all do with...

Bradley Cumming College Student Seeking Start Up Advice
6 October 2016 | 10 replies
PMI is an unwanted expense that can be the difference between cash flowing and not cash-flowing, so getting rid of that should be a priority.