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Hi All, looking for a little advice.I started renting my house a little over a year ago. Everything went fine and they moved out when their lease was up, (well 15 days early but... they had paid for the month, eventu...
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Hi all, I want to start the conversation about common mistakes when doing a BRRRR. Here is my short list:
Overestimating the After-Repair Value (ARV):Investors sometimes overestimate the future value of a property a...
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Often successful stories are shared & while we can learn from wins, I often find I learn more lessons from failure. So I wanted to share my experience with the community. Thanks for reading this is long! Buckle up...
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I received the recorders paper showing the recording of a SPECIAL WARRANTY DEED. One inaccuracy is a name AKA another name (ie, Mary Smith, AKA Mary Green, When it should have read (I think) Mary Green Smith, Smith b...
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I ran into my drywall guy today while grabbing lunch . He told me what happened to him last month . A guy was flipping a house and acting as General Contractor getting his own subs . Calls the drywall guy on friday af...
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I’m curious is anyone has experience getting someone off of an FHA loan and replacing them with someone else.
I’ve been listening to the podcasts and absorbing all of the information I can for over a year now. I’m 2...
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It started with a $6,000 mistake...Late Saturday, enjoying one of my much needed nights out, I received a text from one of my tenants stating that the A/C unit was just blown out..I wasn't concerned except that it was...
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For the group:
I purchased a property a year ago with th help of a third party who sells fixer uppers, provides rehab, helps find tenant to lease purchase house. That w...
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Thought some of us could learn from others mistakes here. Are you all willing to cop to your mistakes? Let us learn from your small misfortunes.
So: What was your biggest mistake investing?
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I have put an offer in for a multiunit at 88K under asking price of 600K. This includes me asking the bank to pay all closing at 6%. Bank said "no" holding firm to the sales price. I gave in to everything they asked, ...