Def a rookie mistake not having pre-qual lined up. 

Then you will know what is possible and wont trip up over some idea posted by someone who wont pay if you make a costly mistake. 

Will you make mistakes? 

We made a lot of mistakes and probably could have shaved a good $15k off the cost. 

Mistakes here can be truly costly.

Buying your first property with an LLC is the same stupid mistake I made and pay the price for each and every day.  

Make no mistake, Wall Street has had a great run for the last decade-plus, but history shows this cannot last.

So for me its all about new everything which keeps the capex down to almost zero for the 1st 5-7 years and the tenants want to stay long term because the units all killer lifestyle pads.So I'm still looking for deals because I'm showing my lending partners there are still amazing opportunities out there and whether there is a crash or not the properties I am purchasing will more demand in a crash and killer cash flow no matter what.So if anyone is sitting on the sidelines waiting for the meltdown of 2021 I think your making a huge mistake.

Purchase price: $31,000 Cash invested: $55,000 This is my first property, I made a lot mistakes but undeniably worth it.

Make no mistake about it, that yield is higher because of the higher risk.