Most investors make most of their mistakes in the first handful of deals they do.

The biggest parameter is, I would not have more than 1-2 parking spots available for this new unit so renting to a small business that has constant customer visits would not be ideal.

Hey Sri, my biggest suggestion early on is to focus on one or two markets, get really familiar with them, and start networking with investor-friendly agents, lenders, and property managers there (unless you plan on self managing).

My biggest tip as you get started is to build a solid team of property management, lender, Realtor/ wholesaler, and GC contacts as you get started. 

It’s one thing to read books or listen to podcasts, but having someone who can answer your specific questions, keep you accountable, and help you avoid rookie mistakes?

Rookie mistakes to avoid include underestimating costs, using too much debt, and not building a solid network of experienced investors. 

But one of the biggest things that helped me scale was figuring out how to consistently source off-market deals.

When you have a property inspected in the Northeast what are the biggest red flags you look for?

The right guidance early on can help you avoid costly mistakes and give you peace of mind as your investments grow.Disclaimer: This message is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

If you make a mistake with the security deposit you could be on the hook for double damages.