Tim A.
Lesson Learned... need a new Accountant in Milwaukee!
Hello,Last year I went to an accountant that someone else I knew had worked with and his reviews seemed to check out online. Unfortunately, he clearly didn't know much about income properties and overlooked a lot of ...
Jake Boyer
First time flip! Big returns and lessons learned
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $309,000
Cash invested: $72,000
Sale price: $570,000
This was more of a roll over than a "flip" as it was my pr...
Hanbin Y.
Newbie lesson learned: now how to fix it?
Hello BPers, I recently closed my first 5-unit apartment in Cleveland. I did not realize until today (when I called the power company) that the previous owner has owed a few hundred dollars of electric bill before clo...
John Chapman
Lessons learned from wholesale deal turned into lawsuit
This is a kind embarrassing/bizarre story, but I figured I'd share it since everyone and there brother is getting into wholesaling. Basically, I was approached about buying a buy-and-hold home from a wholesaler in a ...
Preston Ellis Biggs
Inherited tenant lesson being learned the hard way.
So I recently purchased a duplex in Clarksville, TN that came with a tenant in one side. Man have i learned my lesson! So I guess it started with my neglect for due diligence when it came to the tenant. I didn't have ...
Jorge Abreu
Avoid Traps, Embrace Wins: Real Estate Lessons Learned
Everyone keeps making it in their real estate investment journey—and so did I. But progress comes from embracing those mistakes and learning from them. Let me close this chapter with another round of lessons.
I’ve al...
Andrey Y.
House hacking a 4-plex: Lessons learned, experiences
Greetings, everyone. I wanted to get your take and experience on househacking a triplex or fourplex. Were you single/married? Any privacy or safety issues? Any awkwardness being the "big bad landlord"? Tenants may per...
Jodi Gauthier
Learning Lessons along the way-fix and flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $182,000
Cash invested: $74,100
Sale price: $335,500
We acquired this property off MLS. I loved how it turned o...
Micki M.
Lessons learned from a JV flip gone wrong
...and still going wrong after 18 months...Everyone talks about their real estate “education” which is generally an early deal gone wrong at a cost. My story is the same and I wanted to finally put it on the forums i...
Matthew Estrada
Lessons Learned: My Experience with The 'Flip System'
Hello everyone,I recently read a post and wanted to share my experience with The “Flip System”, as I believe transparency is crucial when considering investments like this.
I come from a blue-collar background as a f...