You're handling this well for a difficult first experience—don’t let it discourage you from continuing to grow in real estate.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

This might involve securing financing, perhaps with a family loan or through a traditional mortgage lender, depending on your financial situation and the terms you both agree on.If either of these options sounds viable, it would be beneficial to engage a real estate attorney to guide you through the legal processes, ensuring everything is handled smoothly and in compliance with local laws.In the meantime, keep learning and networking!

If you want, use their contract/call center versus handling contracts and calls yourself. 

I’ve got a single-family rental in California rented to a small group. The “core” tenants have been there since 2022 and have never missed rent. One roommate has basically disappeared. The others are still paying in f...

Realtors and buyers watch how you handle warranty work, inspection punch lists, and communication — it directly impacts your ability to presell the next project. 

How is payment handled?   

Make sure it clearly defines who handles day-to-day decisions, which actions need unanimous consent, how capital calls are triggered and enforced, what happens if someone won’t or can’t fund, how transfers work, and exactly how disputes are resolved.

If you don’t trust them to handle this critical task, don’t hire them.

I’ve been noticing an interesting shift when working with brokers on larger multifamily deals. Some seem focused purely on volume, while others are really leaning into being long-term partners in capital stack and dea...

For medium-term rentals, some people manage on their own, while others prefer the convenience of having a PM handle the details.