The market is tight, and I’m not pulling the trigger on anything that doesn’t cash flow.

I’m not asking for your life story — just one good reason I shouldn’t pull the trigger on the next deal.

Here are some of the types of “wanna be” investors who never seem to be able to “pull the trigger:”The Organizer – This individual can’t seem to ever get fully organized - and until they do they can’t possibly make a purchase transaction.

If I subdivided the site into 26 parcels I would have triggered dimensional refusals for 26 applications.

With an irrevocable trust, ownership transfers out of her hands, which may trigger gift tax reporting, and you’d inherit her original cost basis, like a gift, so future capital gains could be higher.

(Heads-up: any “boot” or cash out can trigger some tax, so structure matters.)

Commercial lenders typically have seasoning periods—they don’t love seeing the owner take out more debt than the acquisition amount within a short time after purchase.If you’re not confident that you have a conforming/DSCR lender who’ll allow a cash-out refi after you lease it, make sure you find one before you pull the trigger on the take down.

This may trigger a new occupancy inspection so include that cost in the move in of the new residents.Problem #1: Did they break anything?

When you overestimate rehab costs and use conservative after-repair values, you insure yourself against mistakes and help ensure a profit.Good luck to all new investors, and always ask for a second opinion before pulling the trigger on a transaction!

A single vacancy shouldn’t trigger financial panic.