The harsh reality: You don't just inherit property - you inherit the tax problems attached to it.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

This strategy can generate a lot of capital to reinvest into stronger appreciation plays later, but it’s also the most time intensive.In reality, you need both.

The pain is real.But here's the reality of how this happens in RE versus crypto: leverage.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

With these realities, a 70% loan-to-value ratio is the new 75% in many markets, and in lower-cost markets with thinner margins, 65% may be the real stress-tested number.

@Justin Wijesinghe,I'm a licensed agent in NJ and have sold here for years, so I’ll be blunt - it’s really tough to make single-family rentals cash flow in most parts of the state.The reality: high purchase prices + high property taxes + strict tenant protections + costly insurance = very thin or negative cash flow for SFRs. 

I am all for finding a motivated seller and getting a good purchase.The reality is most sellers have below market financing and little incentive to accept a noticeably below market offer.Unfortunately, in most markets paying market price with market financing bleeds cash as a traditional LTR. 2 recent studies show that it is cheaper to rent than own in virtually every large city in the UD. 

To answer your question on what I wish I knew earlier: Never trust the "Estimated Repair Cost" on a wholesaler's flyer.A lot of new investors get burned because they assume the renovation budget is $30k, when in reality (especially in older East Atlanta homes), it’s closer to $60k.

Like you would leave a home you lived in personally is simply not reality.