Cal C.
List of why some Landlords don't screen tenants
6 May 2014 | 15 replies
**FULL disclosure, I also own a tenant screening company **-Too cheap-In a rush -As previous poster said, would rather have warm body and cash payment yesterday-They think their instinct is good enough (sadly, a lot of landlords don't start screening until AFTER they've had a bad experience)-Tenant was referred by a friend-of-a-friend-of-a-friend- The mentality of "Okay, applicant seemingly has a decent job (or nice car, etc.), so what else could I possible need to know about them?"
Kyle D.
How many properties do you own?
23 March 2014 | 31 replies
Sometimes I say a couple, if they are irritating I say well let me see, then I hold my hands up and appear to mentally counting houses moving my fingers, I make a big production of doing mental math and take about a minute get to my last finger and say well more than 10.
Bruce L.
Myth No. 2: A penny saved is a penny earned
10 March 2014 | 25 replies
I am a high earner but I have a saver mentality: I like to say that a penny saved is more than a penny earned due to income taxes.If you 'don't buy a starbucks' - that's $4 in your pocket.To earn enough to get $4 in your pocket - you probably have to earn $5 or more.
Kyle Scholnick
Does Anyone Own ALL turnkey??
28 October 2016 | 241 replies
Then when market crashed everyone said well that was stupid you should never invest for appreciation its all about cash flow.. then in my mind of one of the worst mantras ever came out ( Appreciation is icing on the cake and its all about cash flow) and you had a heard mentality racing to quote un quote cash flow Markets..
Jake Wiley
The ONE thing you wish you’d known before investing passively?
20 July 2023 | 14 replies
But if you're hiring a property manager to 'do all your work' then it's not passive bc you must "manage the manager" and they will come to you to make major decisions, which is mentally taxing.
Steven Rosenfeld
Syndications - pivot to new builds ?
1 November 2023 | 14 replies
It's more than slapping lipstick on a pig and hoping the NOI boost sticks.But, you've gotta partner with folks who know the ropes.
Andrew Angerer
Why have others given up? (conversation starter)
22 February 2019 | 66 replies
You have the right mentality though!
Byron Scott
Officially a real estate investor
31 May 2021 | 176 replies
This is amazing to hear and is a big boost of encouragement.
Wale Lawal
How Will Joe Biden as US President Affect Real Estate
18 April 2023 | 188 replies
Macro issues seem to be a huge mental hurdle for a lot of investors but that is largely out of our hands.
Wa Chan
First house hack duplex/triplex and existing tenants
13 November 2020 | 12 replies
In my opinion, you should steer clear from buying a property with existing tenants... its not always easy to remove them and can be emotionally and mentally taxing but if you have to buy with tenants your first property and its a good deal then it may be worth it.