“Say it ain’t so.”

-Weezer*

*Rob’s Note: Blue Album is the best Weezer Album

While I’ve been an agent and investor, I’ve noticed some recurring issues my clients and I tend to have. I am hoping to address some of these here so perhaps in the future you don’t have the same problems.

• Make sure your operating agreement with partners discerns the roles each member has within the company

• Ensure a clear path for dissolving the company is specified in the operating agreement

• Verify that your renters purchase renters' insurance!

• Insure vacant properties -- life happens!

• Update comps monthly throughout your BRRRR projects to see where the market is trending and adjust your spending as needed

• Target local and midsize banks for your projects before going to larger banks

• With higher interest rates, take on less projects than your typical bandwidth and speed up current projects

• Interest is rot

• Inventory is low. If things are sitting, spam out LOIs on properties that have been sitting

• Offer a lower cash/hard money/financed offer and a seller financed offer, worst thing they can do is say no

• Why not get paid for your practice? Shoot your shot at a number that makes sense for you!

• Good time to try to get lines of credit on your properties with equity

• This will insulate your risk and help set you up to take advantage of what the market offers

Song To Digest With

SAY IT'S A MILLI FT. LIL WAYNE + WEEZER

“He's a beast, he's a dog, he's a motherfuckin' problem.”

-Rob Bergeron

Talk business with me on twitter, tell me what you want to learn about: https://twitter.com/RealEstateRobKY

Get to know the person who keeps showing up in your inbox: https://www.instagram.com/robbergeroninky/

 Edited by Colleen Reilly