It always seems like the get rich fasr crowd is doomed to moroh into be the get poor fast crowed because they have no calculated gamble defined or endgame deliminated

In L.A there is rent control but I’ve heard of people buying out the tenants , this seems like kind of a gamble but of course if one can say double the rent even if you are paying the tenant a big payment to leave .. say $30k .. then it would be well worth it because the net income of the building would go up . 

I don’t think it should be that hard, besides Real-estate is a gamble no matter what!

OK formally stealing this quote  Love it so true.. its not cash flow is everything and appreciation is icing on the cake or gambling.

The property was kinda rough and 3 of the 4 units were rented when I purchased it, so I felt good only having one vacant, but then I had some unexpected things happen to the vacant unit with a leak which prevented me from renting it out right away, then the little old lady in the one unit got sick and went to a nursing home- she lived there about 9 yrs and we had to then spend money on new carpet and new paint in her unit to get it rent ready. 

After the dust cleared we had 1 yes offer for 4 lots, 3 back burner lots that we’re now working on closing, and one lady with the 12 lots we had to let chill for the time being 😳 and of course a few offended no’s lol this was in March of this year.

@Katrina P. and @Dawn AnastasiHi Ladies, I am highly considering taking the route of getting funding through LC or Prosper, and it looks like you guys have had success doing it.I just have a question, when applying for a loan, what do you guys typically choose for funding purpose?

Looking at legal zoom or cheap law) just threw that up and I’m like lady I’ll pay you just give me the damn action plan.There are some real bad people in the world whose miserable life gets off on causing people pain For a few months free rent.  

In the market I invest in (Chicago), it would be foolish and a gamble to trade a decent property manager (who is very $ reasonable) for some on ne you take a chance with by transferring management in order to achieve greater efficiency.

I’m not a huge Dave Ramsey fan, but in this case I’d recommend you don’t gamble- pay down the loans and regain some control.