Hey guys, absolutely love this site and everyone on it. I'm just about to jump into the Buy & Hold side of REI and just wondering if anyone has any classic mistakes that they would see a first timer like me make c...
Having been a STR investor, consultant, educator, and property manager for a number of years, I want to spread this piece of advice to prevent as many newbie investors as possible from heartache and money loss. And as...
What are some of the worst ways to spend money when trying to save for investing?
Hello Everyone,
As a new investor, what was the biggest mistake you made and what would you have done differently. I am opening the discussion for newbies such as myself to learn from the mistakes of others and avoi...
Love to hear some short but sweet stories in the comments that could help all of us as we progress in our investment journey!
GO!
Scenario:
A lender had limited communication with the borrower throughout the loan term, resulting in misunderstandings and lack of alignment on project goals and expectations.
Mistake:
Miscommunication led to issu...
When I first started doing STRs in my town, there were at least 3 other people doing the same thing and catering to the same target market (refinery contractors). Over the course of 3-5 years, those other people got ...
I’m about to make an offer on my first deal as a real estate investor and I just wanted to pick everybody’s brain to see what their biggest mistake was on their first deal. Thank you very much for the input and I hop...
For me the bad mistakes cost the most money. And I am a contractor So I am going to go with a home we remodeled and the plumber rerouted one of the drains and never tied it into the main under the basement slab . So n...
These are here to help you make better connections in the forums. It's ok to be new, but if you consider these five tips, you will get much better responses to your questions.
1. Writing too little or too much in a p...