The HVAC industry right now is a true nightmare. We literally can't get anyone out to our buildings. Have a 15k job that no one even wants. Must be nice to be a contractor.

Pay your vendors immediately. Vendors remember and know their clients who always pay and pay quickly. Good vendors will elevate your priority with them over time.

Just found out one of our tenants, young woman, is making 14k a month doing hair extensions in an office she rents from us for 600 a month. Love to see it.

After your first job, your GPA is irrelevant. No one cares you got a 4.0. Nice, you were good at school. The next question is if you are good at the real world.

As promised, here is a thread about why you need to use LLCs in Real Estate. If you aren't using an LLC, I question your knowledge. Anyways let's do it

I will say it again. If you do not hold each property in a separate LLC you have not done your proper due diligence on asset management.

If you truly want to be wealthy you need to shut up and listen to others. The wealthiest people I know will listen to other people's businesses for hours rather than talking about themselves. Opportunities come from curiosity.

If you have no one on-site during construction projects you will get fucked eventually. Most will not listen and learn this lesson the hardway.

If you are going to work in real estate, read a construction textbook. Construction is one of the most important aspects of real estate. It can be dry, but it is a necessary step if you want to be in this game.

I highly dislike Single Family Homes as investment properties: Value is determined by neighboring properties, not by cash flow. CapEx destroys cash flow. Flipping is heavily impacted by market swings with nothing to lay back on.

One of the worst things you can do if you are young and trying to make money is buy a pet. Not only is it really expensive it also totally wipes your ability to be flexible. Not to mention. It's not cool to have a full-size dog in a 1K sq FT apartment.

Real estate is not passive at all, even with a third-party management company. Real estate is a pain in the ass.

Learn how to do some manual labor if you are in real estate. 70% of real estate is staying on cost with construction. Learn all you can about it.

Commercial RE: Value is based on cash flows Single Family RE: Value is based on other houses nearby. Big difference here. Important to recognize either way you decide to invest.

Stop being shy. Talk to everyone and always keep a stack of business cards on you. Chat random people. You never know who you might meet.

If you are buying a condo ask for meeting minutes. These will help determine what you are getting yourself into. If you are smart you shouldn't even be looking at a condo.

After your first job, your GPA is irrelevant. No one cares.

Construction is an extremely difficult business sector to deal with. This is where most real estate investors who have never left the office get crushed. Ruthless industry.

If you cant virtually pull up a particular signed document in less than 5 minutes your operations and organization sucks. Document management is very important.

Get out of the office. You are in real estate. You buy buildings not numbers on an excel sheet. Go walk around the neighborhood. Look and think in the real world. It will do you wonders.