Real Estate Investing in Dallas? There are some things that could SHOCK you that you did not expect to happen. Find out what some of the most common shocks are and how to either mitigate and/or eliminate them in this special class.
Unexpected things while investing in real estate can be shocking! Find out the most common real estate investing shocks in Dallas, Texas and how to mitigate and/or elimiate them completely in this special class. Especially helpful for newer real estate investors that are not aware of some of the things that could go wrong while buying, selling and owning properties as a real estate investor in Dallas.
Topics discussed include:
What are real estate investing shocks?
Dan Sullivan says: If you've got enough money to solve the problem, you don't have the problem.
Maybe these shouldn't be shocks...
Your Shoe is Untied and How to Deal With Your Real Estate Investing Shocks
Reverse Shocks - How Some Shocks Can Be Pleasant Surprises
General Mitigation Principles for Dealing with Shocks
The Importance of Reserves When Investing in Real Estate
The Importance of a Wise Advisor to Guide You
The Importance of Studying History for Real Estate Investors
The Importance of Having a Backup Plan
The Importance of Evaluating Your Risk and Determining Your Personal Comfort Level
The Importance of Patience and Managing Your Own Expectations
The Importance of Understanding Your Own Circle of Control
The Importance of Expected Value
Shocks Broken Out By Groups: Before You Buy, Under Contract, Post-Closing, Selling and Extras
The Shock of Multiple Competing Offers
10 Tips to Get Offers Accepted In Hot Markets
The Shock of Competing Against Cash Offers
The Shock of Limited Accessibility to Properties
The Shock of Not Having All the Information You Need to Make a Decision
The Shock of Changing Interest Rates
The Shock of Inspection Issues
The Shock of Not Qualifying for Mortgages
The Shock of Not Being Able to Get Property Insurance
The Shock of Properties Not Appraising
The Shock of Title or HOA Issues
The Shock of Not Being Able to Get The Rent You Expected
Tips on How to Improve Cash Flow
The Shock of Undisclosed Issues
The Shock of The Seller or Tenant Not Moving Out
The Shock of Inadequate Property Insurance
The Shock of Price and Rent Drops
The Shock of HOA Restrictions Limiting What You Can Do With Your Property
The Shock of Your Loan Being Called Due (Creative Financing and Asset Protection)
Due on Sale and Due on Transfer Laws
The Shock of Not Receiving Offers
The Shock of Buyer Backing Out
The Shock of Conditional Transaction Chains
The Shock of 1031 Exchange Issues
Plus much more
This class was recorded to help real estate investors learn about possible unexpected shocks while investing in real estate along with some tips for mitigating and/or completely eliminating these shocks.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Dallas real estate investor podcast? Book a free consultation to discuss.
What is Dallas Real Estate Investing & Real Estate Financial Planning™ Podcast?
Learn all about investing in real estate in Dallas, Texas with a combination of real estate financial planning and modeling with numbers specific to Dallas plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to Dallas).