Save for Your First InvestmentCommon Pitfalls to Avoid:Don't rush into deals without proper due diligence.Avoid over-leveraging or taking on too much debt.Be cautious of "get rich quick" schemes; successful real estate investing takes time.Don't neglect legal and regulatory considerations.Remember, everyone's journey is unique, and there's no one-size-fits-all approach.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the bes

I've noticed in some cities crime rates vary significantly by pockets/neighborhood, so it's best to do proper research on top of talking other people. 

Be happy connect and chat more if you are interested.

The result is after a year when the tax accessor associates the proper property taxes with your property, there is a decent chance you could have payment shock and your monthly bill rises significant (until you pay off the escrow account balance that is also likely causing this). 

It's not always necessary to notify their bank but if you wanted to you could send them a notice saying the payments will be coming from this new name.It's important for both parties to work with real estate professionals familiar with "subject to" transactions, including real estate attorneys, to ensure that all legalities are properly handled and both parties are protected.Hope this helps clarify some of your questions!

Say 10 out to 20 to get the cash to flow properly if needed.4.  

Hello everyone, I am in the learning and growth phase of my business and I I'm looking to network with some Great people to bounce ideas and come up with ways to help each other achieve success.

Options:1) Connect the tenant with a lender and see if they qualify.

There were many bids, and hours of discussion over how to properly proceed once all of this had come to light.