Hey BP,
First time posting here. I have a rental in North Minneapolis and am wanting to get some advice from more experienced landlords as I have only been doing this a few months. I had a family move into the unit ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/wordpress_blog_post/image/19301/268-web20241118-2-icu6s7.jpg?twic=v1/output=image/cover=625x330)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/wordpress_blog_post/image/19376/277-web20241219-2-a7hgk8.jpg?twic=v1/output=image/cover=625x330)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/165587/small_1621420702-avatar-asilang.jpg?twic=v1/output=image&v=2)
1) Not keeping enough reserves. Big expense hits and owner cannot handle it
2) Fix/flip - unforseen repair needed. Too many deals go bad.
I'm curious to hear how RE empires go down during recessions.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/298552/small_1621442621-avatar-petervex.jpg?twic=v1/output=image&v=2)
If you had to guess, what is the success rate in real estate investing? Success being defined by someone being able to live above average lifestyle strictly based upon their earnings in real estate.I bet its below 5%...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/21993/small_1621361647-avatar-markloomis.jpg?twic=v1/output=image&v=2)
OK, long story short... I bought a unit with 20% down about 5 years ago, fixed it up very nice, rented it out, paid off the mortgage note, sold it, saved up more $, and now I have just under $250,000 in my high yield...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1325952/small_1621511349-avatar-thuyp.jpg?twic=v1/output=image&v=2)
For those of you who actively choose to invest in high crime areas, what do you make sure to factor into your numbers? -higher vacancy-higher possibility of turnover -hiring a property management company with skill an...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2940242/small_1736472833-avatar-jtb27.jpg?twic=v1/output=image&v=2)
Hello All, My partner (business not life) and I have decided to get into CRE. After months of research hours of talking, planning, scheming forming the LLC pulling our hair out etc... We have both independently come t...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1416220/small_1621512084-avatar-chaseky.jpg?twic=v1/output=image&v=2)
Aloha, everyone! Out of curiosity, what strategy (Fix & Flip, Rent, Wholesaling, House Hack, BRRRR, etc.) did you use when you bought your first investment property. I know there are so many variables to consider...