Even in worst case scenario if the rent comes in a bit less, you're still above 15%.

Son: "It's the worst part of the game."

One of the worst mistakes new investors make is playing with the calculator to make a deal work instead of seeing right away that the deal doesn't.

Step 2: Be smart with your money and don't buy stupid s**t (I made this mistake for years after college).

However if you don't know what you are doing yet, I would not make a huge mistake and give it back or decommit until you know how to use it.

Use those mistakes to make the next deal better!

So, if you can handle to the worst case scenario (no tenants = no cash flow) while rehabbing, then I would raise rents on existing tenants as soon, and as much, as possible.

My mentality is this: If I can do what most considered impossible which was walk again (I was worst case scenario) than I can do literally anything and that my word carries weight.

Brandon goes through the awful money mistakes he made early on and how he got out of them.

For me, I began finding value for investors by finding them properties that were worth their time, and as an agent my benefit there was to list the property, but as a partner I was the person who found the property, took risk with the lenders, worked with the architect & engineers, went through the city meetings, worked with neighbors and the council to approve my project, worked with contractors, found tenants and manage. that all led into a massive education where one mistake was made after another and it provided lessons that I am able to share with others to help them grow (also the major benefit of BP), but really its not until you get into It where you will really learn, because its likely those mistakes will happen.