25 January 2020 | 9 replies
Finding a mentor and bringing value to them will allow you to avoid mistakes that they made increasing your growth later on!
28 January 2020 | 12 replies
Over-budgeting is always something to avoid, but I tend to err on the conservative side.
5 June 2021 | 3 replies
Any feedback would be helpful, I really would like to hear some of your experiences with the area, finding tenants, you like or that should finding properties, evictions, things you love about the area, things you maybe don't love about the area, neighborhoods be avoided, really anything.
11 May 2021 | 2 replies
Also include some sort of reply "STOP" to prevent all future texts and make sure you remove those numbers to avoid any possible charges for contacting someone on a do not call list.But that first deal better be awesome, It's true what they say about you only get one chance to make a first impression.
10 February 2020 | 35 replies
Avoiding rent is the same as income.
27 January 2020 | 9 replies
Here are the things you should look for and avoid with any turn key company. * Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)* Don't allow for your own independent property inspection* Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)* Require you to pay for any renovation upfront* Sell only in cheap. low end neighborhoods* Don't accurately represent the neighborhood/property classification* Don't have consistent rehab standards for all properties* Don't provide a scope of work for the property* Can't provide references of repeat investors* Require you to close before a tenant is in place
22 January 2020 | 2 replies
If you want to avoid some of this work, go to local REA meetings and talk to other investors (something you should do regardless).
27 January 2020 | 7 replies
Next time, avoid properties without access to your own equipment and utilities.
25 January 2020 | 7 replies
More available units would leave owners scrambling to avoid vacancy and forcing the market to support marginalized groups.
19 February 2020 | 15 replies
The benefit with that is there is no PMI and you avoid the 1.75% upfront PMI that gets rolled into your loan at closing.