A Real Estate Transaction Gone Wrong – Lessons Learned During A COVID Rental Transaction

The COVID-19 has either postponed or canceled many of the things we take for granted. Birthday parties, Friday nights at the brewpub, and all but the most necessary travel.

Transacting with real estate should be generally straightforward. Unless you deal with an unprecedented pandemic and a nasty seller. Then, things can get messy quickly.

The best part about real estate investing is that each asset acquisition can serve as a base that unlocks additional financial flexibility for you in the future.

Be Conservative on Any Purchase

Even if you are buying a home for primary use, you should understand the financials and potential returns on your investment.

Use Financial Analysis (And Continually Update It)

It should be conducted upfront because as you know more, your negotiating skills strengthen and you can understand what type of situation you are getting into.

Know Your Seller

Stay transparent with the team you’ve assembled. Everyone should act accordingly as a team to get the results that make the most sense for you.

Coordinate Between Inspection, Appraisal and Your Realtor

SWIPE UP NOW TO READ MORE