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...
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...
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...
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...
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...
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...
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...
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...
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?
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, ...