All Forum Posts by: Andrew Syrios

Welcome to BP fellow Missourian and good luck investing!

I would agree with Jeff that you should rekey after each turn. But use a master key so you don't have to keep track of dozens of different keys for yourself.

 I just mean that sometimes people will buy something almost just to buy something. This particularly happens if they haven't gotten a deal in a while or missed out on a good one or something along those lines. There's a temptation to just purchase something and this often leads to getting a bad deal. So it's something to be wary of.

Welcome to BiggerPockets Shekar and best of luck investing!

I would also note that it's a good idea to put your criteria on the ad, which should screen out a few people. I.e. no evictions, etc.

Can't help you on any New Jersey referrals, but welcome to BiggerPockets Ed and good luck!

I would put it this way, buying a property is an investment, but creating a real estate investment business that purchases, rehabs, manages (or manages the manager) and finances as well as perhaps selling properties is a business. If it's a part time thing that's not done very seriously, it's a hobby. Or if it's done passively (such as buying into a syndication or private lending) it's just an investment. But if you're overseeing a real estate investment business, it is, well, a business (and should be treated as one too). 

Were you under contract and renegotiating? If not, the seller can pretty much do whatever they want. I've almost gotten to the point where I ignore such deadlines. 

Welcome to BiggerPockets Dawn and good luck investing!

Letters are without question a numbers game for sure (assuming you have a quality list and decent enough letter). Just remember, it's also a numbers game with regards to the number of houses you look at. Don't reach just to buy something.