I have lived in the Inland Empire my whole life. It has gone through 3 Major booms and busts. Every time there is an insane amount of inventory compared to every where else in SoCal. Currently we are in the best buyer...
I would like to post about the title above. What brought this thread about was a recent inquiry from another BP member through PM and I thought it was worthy of posting here. We can then add to it by posting other mis...
For all of you BRRRR calculator masters out there, I have a quick question for y'all.When it comes to "Total Cash Needed at Purchase" I believe this is deceiving. At first I was thinking all i needed for actual cash t...
What was the biggest mistake you made early on when investing in real estate?What was the biggest misconception you had?
So bear with me - I'm no expert and am simply trying to help instruct others but also educate myself if I'm incorrect on what I know. I've been reading up today on a bunch of forums including this one and see WILDLY v...
Misconception No. 1: Smaller Properties Are Easier To Manage
“Smaller properties are easier to manage” is one misconception that I hear from investors all the time. Actually, the opposite is true. Having a profession...
The biggest misconception about real estate is that you can be an introvert and hide behind your properties.Well, maybe if you wanted to stay small forever you can stay in your bubble and talk to to people only when y...
In my experience, here are the misconceptions uneducated and inexperienced note investors possess1. Thinking the 1st lien note holder needs to pay off their 2nd lien note if the 1st lien forecloses2. Thinking the fore...
Hello to anyone who can chime and tell me this is normal.Currently in the process of doing a 203k loan. I'm almost to closing, waiting on the consultant to submit work write up.Apparently there is a misconception with...
Sharing a few common misconceptions I run into when discussing syndications with passive investors. Funds have gained popularity in the last 4-5 years, but the content & thought leadership around them hasn't quite...