Brandon Allenczy
Lessons from my first Airbnb
My wife and I decided to get started in REI by converting our primary home into our first short term rental. We packed up and moved to Asheville, NC, and started to manage the Airbnb back in Wilmington, NC.
We're on...
Jak Dadi
Continued lessons in RE investing
Our 5th offer was recently accepted...well..we made close to 8 offers in the last month and this was the only one that was accepted....all the offers were above asking price, but I guess the market was heating up in E...
Jonathan Trojan
A lesson learned (full story)
Hi everyone,
I would like to share a story of success and failure. The first flip I ever did I made $65,000 and was riding high. I was on top of the world. That's when it all fell apart.
I listened the realtor t...
Bob C.
Lesson Learned: Mail more frequently
I just spent the day dealing with all my undeliverables from last year's mailings. There were about 100. 25% of the UTF were for properties going into foreclosure. Lis pendens started around the time of the mailing...
Trey Pope
House #2 Complete- Lesson learned
I have completed the rehab of my second house and have it under contract. I bought the house in Feb and was hoping for a three week rehab and had a budget of 5-6K. Instead it took two months and cost me around 14K......
Joseph Blum
Experiences and Lessons of Escrow
So i understand different regions handle escrow somewhat differently, different customs and regulations. I am interested in all input regardless of region. Looking for experiences of what not to do in any circumstan...
Beliria Sims
What Lessons have you Learned?
I was hoping as many of you awesome professionals as possible might share some of your biggest failures/ lessons learned. I know in the end, it made you better, smarter, and more resilient. I, of course am looking to ...
Mike Flint
First Deal Completed - Lessons Learned
Hello All,
I’ve been very quiet here on BP as I didn’t feel it appropriate to post much since I was only starting out. Now that I’ve fully completed my first flip, I wanted to share the details in the hopes I can ge...
Account Closed
Lesson learned...first deal fail
So we had found our first deal to flip. We were going to make about $15,000, it wasn't much but we just wanted to get some experience. We had a realtor run the comps and said that the arv was 85,000. When we went t...
Mark Del Grosso
Creating a lesson for grandchildren.
I will be vacationing with my granddaughters (6 & 9 yrs) and have been asked to give a investing lesson. Any tips, stories that worked, visuals?