Dominic Franco
House Hacking Taxes Lesson Learned
TLDR: Lesson Learned: If you are buying a property to house hack and the unit you intend to move into is occupied with tenants and collecting rent after closing, then for tax purposes, it will be considered a short te...
Jeremy Lee
Second property- great learning lessons
Investment Info:
Single-family residence buy & hold investment in Milwaukee.
Purchase price: $129,000
Cash invested: $21,000
The property came on the MLS. Within 2 hours, wrote an offer due to th...
Jonathan Trojan
A lesson learned (full story)
Hi everyone,
I would like to share a story of success and failure. The first flip I ever did I made $65,000 and was riding high. I was on top of the world. That's when it all fell apart.
I listened the realtor t...
Bob C.
Lesson Learned: Mail more frequently
I just spent the day dealing with all my undeliverables from last year's mailings. There were about 100. 25% of the UTF were for properties going into foreclosure. Lis pendens started around the time of the mailing...
Trey Pope
House #2 Complete- Lesson learned
I have completed the rehab of my second house and have it under contract. I bought the house in Feb and was hoping for a three week rehab and had a budget of 5-6K. Instead it took two months and cost me around 14K......
Beliria Sims
What Lessons have you Learned?
I was hoping as many of you awesome professionals as possible might share some of your biggest failures/ lessons learned. I know in the end, it made you better, smarter, and more resilient. I, of course am looking to ...
Mike Flint
First Deal Completed - Lessons Learned
Hello All,
I’ve been very quiet here on BP as I didn’t feel it appropriate to post much since I was only starting out. Now that I’ve fully completed my first flip, I wanted to share the details in the hopes I can ge...
Account Closed
Lesson learned...first deal fail
So we had found our first deal to flip. We were going to make about $15,000, it wasn't much but we just wanted to get some experience. We had a realtor run the comps and said that the arv was 85,000. When we went t...
Andy Mirza
Biggest Lessons Learned from 2020?
What were the biggest lessons you learned from your note investing in 2020?For us, these were the two biggest:1. The structure of our funds led to our ability to withstand the extreme volatility and effects of the pan...
Jim Lunger
Lessons learned from switching brokers?
Greetings BP agents!After obtaining your license, did you start out with one broker and later switch to another? Why did you make the choice to move? What did you learn from the experience of working under a new, diff...