Real estate investing is great…sometimes. Other times, it’s NOT fun to be a real estate investor. While the pros, like financial freedom, generational wealth, and passive income definitely outweigh the cons, there are times when real estate investing makes you sit back and think, “Wow, I’m not having fun right now.” So we’re here to vent some of our biggest frustrations about the real estate industry, and if you’re an investor, landlord, house flipper, or property manager, you’ll probably relate.
These are the things that grind our gears the MOST. Now we’re not saying to ditch rental properties and real estate investing because of these downsides. Despite all these investment property pains, we still believe real estate is the best asset class for investing. But you will be hit with the headaches that we go through if you decide to invest.
The good news? We will give you actionable tips to avoid the worst of these throughout the episode. If you’re brand new to real estate investing or are thinking of buying your first property, this is advice you need to hear before you begin so you can make the most money with the least amount of stress.
In This Episode We Cover:
Why you really (really) don’t need to become an agent just to invest in real estate
Getting blinded by “exit strategies” and how it’ll cost you in the long run
How Henry learned to work with contractors so he doesn’t get scammed or ghosted
Why we’re begging you to stop doing “virtual staging” when selling a house
Etiquette for agents writing property descriptions (stop saying everything is “cozy”)
How to improve your relationship with your tenants so you both can enjoy your lives
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Grab Henry’s New Book, “Real Estate Deal Maker”
Property Manager Finder
How to Work With Contractors and Manage a Job Site as a Flipping Newbie
Connect with Henry
Connect with Dave
(00:00) Intro
(00:41) 1. Becoming an Agent Just to Invest
(04:58) 2. Bad/Slow Communication
(07:30) 3. Being Blinded by Exit Strategies
(12:30) 4. Unrealistic Expectations
(17:03) 5. Working with Contractors
(23:22) 6. Agent Property Descriptions
(25:07) 7. Virtual Staging
(30:47) 8. SO. MUCH. PAPERWORK.
(33:19) 9. Shady Wholesalers
(37:36) 10. Tenants vs. Landlords
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1038
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