World Famous Blog about everything Real Estate
Now that I have your attention, let me tell you a story…
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Amidst all the cheerleading by your local wholesale ‘experts’ about how they have sold ‘x’ many properties, and the promise of ‘turnkey, headache free’ solutions, comes something unexpected:
Reality.
Time and again, at The FlipBoard – America’s premiere real estate blog, we watch as investors who purchase through other wholesalers get caught up in the hype of cheap area real estate, plunking down hard earned money based on promises of equity and cash flow, only to forget about such things as vacancy, maintenance, and appropriate rent ranges, and in doing so wake up with a little surprise known as 30 years of negative cash flow.
Has this happened to you?
I pray it hasn’t, and in order to help you avoid such situations I have put together a little guide to owning rental property that some of you may find enlightening, although it may clash directly with the snake oil you have been sold from wholesalers who are interested solely in whacking you over the head for a massive commission.
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