If there are any tips or tricks that I have picked up during my twenty five plus years as someone who has been extremely successful in real estate, it would be to never go cheap on important things.
The majority of people that need to hear this the most are often first time real estate investors who are looking to make a massive profit immediately.
Despite this temptation to go cheap you need to know there are so many things that can go wrong when you go cheap. For example, when I first started investing in houses I would always go with the most affordable HVAC heating and cooling company in the region. It seemed like a good idea at the time and I simply didn’t think that there could be much of a difference from one HVAC repair tech to another. You know what they say though, hindsight is 20/20! Every one of the homes that I had hired a cheap HVAC repair tech needed repairs or replacements for expensive parts only a few weeks later. Even when I tried to get my money back from these scam artists I ended up learning that in the fine print I had no real way to get a refund or even sue. All of these ordeals ended up setting me back thousands of dollars in the beginning of my journey and I would have been so much better off going with the real professionals. Take my advice as someone who has seen it all, you will never be disappointed going with the best in the business.