Victoria Moreno
Thoughts on Investing Out of State?
24 February 2024 | 20 replies
Always check zillow and realtor.com estimates.
Bandu Khote
Why my insurance agency asking me to get a commercial insurance
23 February 2024 | 8 replies
@Bandu Khote you should double check.
Alan Asriants
Playing with the idea of Buying a second home in CDA
23 February 2024 | 9 replies
There was an old superfund in the 80s to clean up metal contaminants in the soil from the old mining activity, so maybe check into that if.
Lentrick Holloway
Hello I’m glad to be in the community!
23 February 2024 | 6 replies
Be sure to check out the local investor networking groups too.
David Cianci
Real Estate Course/Strategy
21 February 2024 | 8 replies
In general, I would say in a space where you are thinking of writing checks for hundreds of thousands of dollars to get deals, $6k/yr is not that much.
KC Pake
⁉️ 📲Your Most Expensive Lesson in Real Estate Investing: Share & Learn 🏢
23 February 2024 | 3 replies
I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.
Christopher Lombardi
Property Insurance - self insurance
21 February 2024 | 14 replies
I had a business in an LLC and I overheard a customer talking to another in the waiting room saying he does OK suing businesses for small amounts since litigation is such a PITA, not knowing I was the owner.
Karen Maxwell
Flipping Frank Adams Road Longview, TX
23 February 2024 | 2 replies
We have the same vision, so this is easy for me to just check the progress.
John Lee
New Member Introduction
21 February 2024 | 7 replies
I have been a project manager for large scale custom homes for over 20 years.
Derek Tauai
Out of State - New to Investing
23 February 2024 | 18 replies
If you're considering flipping, check out the neighborhoods northwest of St Louis, especially the Pine Lawn area.