Investor · Clinton, MS · Member since 2019 · 83 posts · 85 votes
Hey guys,
I am super interested in hearing what people wish that could go back and learn before they started. I love hearing you guys stories, so please feel free to share some good ones.
@Nathan Killebrew Use the calculators. i bought my first house by getting a signature loan at the bank (18%) to assume the loans on the place. Cash flow negative $50 per month plus paying on sig loan. Put a tenant and 8 months later had to evict. Didn't screen correctly. After he left, found out he rebuilt his Harley in the living room. Got lucky the carpets cleaned up but had to repaint everything. First few years had to pull money out of my pocket to operate the rental. The calculators are your friends.