The Multifamily Wealth Podcast #208: PSA To New Investors - YOU Are Your Own Worst Enemy... How To Protect Yourself, From Yourself
In this solo episode, I get real about the importance of setting up checks and balances in your real estate business. I share a personal story from my first deal back in 2016, where a lack of due diligence led to a challenging situation when it came time to sell. Trust me, you don't want to miss these lessons learned the hard way!
I also sprinkle in actionable advice on how to leverage property management services, the importance of using attorneys for legal documentation, and why you should always go through a broker when selling properties.
In this episode, we discuss:
- The critical checks and balances every new investor should have in place
- A real-life story about the challenges of private money financing
- How to avoid becoming your own worst enemy in the investment process
- Actionable tips on construction management, legal documentation, and working with brokers
- Why involving competent professionals can be the difference between success and failure
Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.
Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.
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