So, owners mistakenly think price is the only differentiator – and look for a PMC like they’d shop for groceries☹We encourage you to learn from the mistakes of others by reading posts here on BiggerPockets from owners that picked a PMC solely by price and regretted it.We recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Even if someone gives you a referral, do NOT make the mistake of assuming that just because a PMC met their expectations, they’ll meet your expectations.

Always expect a project to run into issues, cost more than expected and sell for less than expected and you will make money.The biggest advice I would give first time flippers is try and get with a seasoned flipper in your area and see how the process works . . . buy a few lunches and roll up your sleeves if possible and it will be a cheap education that will save you a fortune in the long run.It is easy once you get the machine moving but making sure you do not find yourself with the machine in flames at the start is key.

Current sales expectations were flat, but builders actually feel a little better about the next six months.Minimize imageEdit imageDelete image👉 Impact on housing: Sentiment is low, but if rates keep easing, builders are betting more buyers will come off the sidelines.🏠 New Construction Slows in AugustStarts dropped 8.5% to a 1.31M pace, and permits hit a 5-year low.

Then all those millions buy/sell the bond at that price and %, which makes the market.And it is the 10yr Treasury Bond and 30yr mortgage that are competing assets investors buy in our public marketplace, expecting a given return for their expected risk.

Didn't make near as much as we expected. construction cost significantly more, holding costs were more and sale price was less.

Owners should expect proactive communication without having to follow up repeatedly.3.

Expect 12% and 4 points but can close fast. 

From your perspective, is this a realistic expectation?

The first few took longer than I expected and cost more.  

I'm lacking needed information to assess the opportunity - but I'd expect that if the place was fully leased to booming businesses, then it would not be for sale at a 10 cap.