You need a partner who has experience dealing with these situations and keeping projects on budget.Title CompanySpeaking of hidden surprises, do not get caught off guard by issues with the property title.

I don't know if this is possible but I'm not surprised by anything in real estate investing anymore.P.S I was thinking I could request seller financing from a motivated seller, but how could I finance a full renovation, especially in an expensive market like Brooklyn?

Have couple of offers to buy, one is convenience store and the other is storage company.

Although it’s not as exciting to jump in a hot tub in the summer you would be surprised at how many people will use them because it is something new and different than what they have at home. 

There are SO many things you may overlook or be surprised with, once you get into it.

that is a 6 month term,,, it has  July 30th and July has 31 days...Your friend really would have a hard time defending any part of this it's poorly written and I'm surprised they even signed it.

I ask this question a lot at speaking engagements and I am always surprised at the lack of substantive responses.

You'll be surprised the lengths that lender may go to prevent what seems inevitable - that this deal is heading to a work out.    

It can do as much or as little as you need, it is very affordable, and if you pick the cloud version (what we use) it is very convenient.

I do make it clear in the listing and conversations that they are responsible and will provide prior year estimates where possible so they aren’t surprised.