Adding time to a task makes it exponentially difficult and if you or anyone gets in over the head you will lose the property, lose your borrowing power, and lose your money. 

I was juggling comps, lenders, title issues, you name it - all in my head.

Check with your local Metropolitan Planning Organization (MPO) to see if there are any upcoming developments such as highways, rail lines, or zoning changes that could affect your site.These are the questions I run through my head every time I look at a new opportunity.

When I tell people about the hard work and long hours it took to rehab all the houses in our portfolio, they look at me like I have 3 heads.

What is the best direction I should head to become a successful flipper and investor?

And we both don’t understand how or why the change or how it’s bringing the closing back right. ive asked three or four questionesin that email about just which section we need to fill out and what numbers to out in and simple contract stuff , but all he responded with is the one liner two or three times about 45 k.I fill the lender has been unreasonable and or playing games to kill the deal , I’ve been on the phone with everyone trying to keep things rolling , talking to banks to out my funds in cds or whatever weird request to validate or source and do whatever else is necessary to get it closed or keep communication since they aren’t communicating with title and each of the countless closing dates that haven’t happens the lender never called my one to give a heads up they weren’t sending funds.

You hit the nail on the head.

These platforms should also NOT replace the income-generating and lead-generating practices of calls, emails, doorknocking, open houses, follow-up, etc.Instead, you should use these platforms to: document your day-to-day as an agent; feature deals/properties that you/your clients are looking at; share relevant RE or market data; etc.All the best to you as you continue your course & head towards the exam, licensure, etc.Abel

Especially for buyers and sellers heading into year-end.📉 Consumer Inflation Better Than ExpectedInflation came in cooler than expected in September.

As in all things in life (like choosing a spouse)for instance, it's incumbent upon us to examine our individual personalities regarding whether a proposed partnership would be a good fit or a disaster in waiting.In 2007, when I lost more than $130,000 in the stock market,I learnt a permanent lesson that stuck with me till today.I discovered that I was a control freak.I needed to always know how my actions directly related to my results, and most often like to retain the ability to change my mind even if others would find such reversal a stupid idea.Seeing how much control I didn't have on how my stocks performed in 2008 despite all the information I had consumed for several months regarding value investing and how to analyze a company's fundamentals scarred me for life.It made a real estate investor out of me.The safety and assurance that I was taking sole responsibility for the calls i made and the risks I decided to take was a calming refuge.Having been a Pro-member on BiggerPockets for as long as I've been has its perks.It gives one a front row seat to see in slow motion the interesting evolution of the component parts that make up this mammoth industry.I watched in amusement as one member arrived as a total newbie in 2018 with a welcome post, voraciously consuming unsolicited counsel on the member forums for a few months and then posted a "success story" of his deals after 6 months.Within a year, he had his own podcast and is now buying large apartments as a syndicator pooling investors' money.To be clear, this is not a hate post.I certainly do not begrudge people "crushing it" in record time.Nonetheless, as a 'senior' member of this community who has seen this movie before,I do feel a lonely cautionary voice in the wilderness is needed at this point.We are in an environment of unprecedented cap rate compression and record low interest rates which is only headed in one direction after this is all over.Yes, make no mistake, the music will soon stop.That has very little to do with an upcoming election and is regardless of who wins the White House or who controls congress after November.If you've listened to Kevin Bupp and Rod Khleif, you know what happened to their portfolios in 2008.These were no amateurs, as a matter of fact, they had many years of investment experience when the music stopped.They both weathered the storm and came back stronger and that is why I remain a shameless fan of both men till today.Several others were not that lucky, and you will never hear their names.In this space today, there are investors and there are educators.The educators have taken over the habitat.That is why there are now more podcasts on real estate than I can get through in a working week.Real Estate education is so very lucrative now that it is possible to make way more money from podcasts and books than in actual real estate investment for some gifted marketers with smooth tongues and gifted content creators.We are in the information age after all, and youtube millionaires are now perhaps outpacing patient real estate buy and hold landlords in the passive income/ cash flow game.Belonging to a $25,000/year mastermind and attending a syndication bootcamp does not insulate anyone from catastrophe.