Instead of using that to teach how different mindsets approach risk, he essentially gaslit our entire group, saying we’re the problem because we’re too careful, too focused on the numbers, and — in his own words — “if I lie to them once, they’ll never trust me again.”Um, yes — if you lie to me, I’m not going to trust you.

For good or bad. my first house in Milptitas i bought in 76 for 79k and was new built today probably 1 mil.. my parents house in Cupertino they paid 22k for in the mid 60s today is over 3 mil. 

Welcome, Nicole Love your energy and mindset Savannah’s a great market with tons of potential for investors.

You’re absolutely right that it takes a different mindset than commercial, but your background gives you a huge edge.A lot of investors I work with do exactly what you’re describing — phase projects, keep costs tight, and turn long-term holds into serious cash-flow machines.

Daniel, I appreciate your openness, brother — that mindset alone puts you way ahead of the curve.You’re already thinking like a builder, not a follower.

Answering your question, I'm not sure what your entity structure is but our bookkeeping firm (specializes in REI) usually recommends a checking account (minimum) per subsidiary entity and for your parent entity.Ideally, you'd have a credit card per entity as well, but this isn't realistic once you scale past a certain number of entities, just like having 1 bank account per property past 10 properties isn’t scalable.

that kind of mindset is exactly what gets people far in this space.

***It's a lot easier to find someone, for example a stay-at-home-parent, who's doing their regular house chores, and at the same time answering the phones, checking email, etc..Also, you don't pay them hourly, you pay by volume: "Ok, I want you answering phones & emails for 8 hours per day, but you will only get about 5 calls on the average per day, so the pay will be $300 /month"Remember, in an imperfect world:Good People + Bad software = SuccessGood Software + Bad People = FailureFeel free to DM me for details.Hope this helpsGeorge

In reality, that’s not always the case.I’ve seen situations where:A loan modification gave the homeowner breathing room.A repayment plan reinstated the mortgage.Equity allowed them to refinance and reset their financial footing.For me, this was a mindset shift: foreclosure doesn’t always have to mean “lose the house.”

I rent to Section 8 tenants and learned the ins and outs from my parents, who are also Section 8 landlords.