[Deleted User]

In my field of work. (Renovations) I learned through my clients that the most expensive lesson learnt is that good work ain’t cheap and cheap work ain’t good. I can’t tell you how many times I’ve given quotes, been told its out of their budget, then been called back a year later to repair everything that has gone wrong.

To all my investor friends please find someone you’re compatible with, that understands investors mentality before you go on with a project. There’s lots of us out there. But more that are just pretending.

[Deleted User]

My most expensive and hurtful lesson in real estate investing came from not screening my friend. Life hit him hard on so many fronts that he stopped caring about everything including our friendship and my property. The house and backyard became his dump site. The eviction process was long and costly. Since then, everyone goes through a rigorous screening process, even friends and family.

What best practices do you follow for tenant screening?

[Diana Lizarazo]

My husband, Giancarlo, has shared our most expensive lesson.

I would love to hear yours?

@meghanhubner @victoriacluney @pankaj @todaywhiteworks @investorlexlev @terryp @rebekahpreteau @dtidd @martinmei @corysperle @j.principe @cotijarei @shervin.realtor @ontariolandlordswatch @jonkhan @clo @theandinvestments @catherineoneill416 @kazi.haque @pouria

[Deleted User]

In my eagerness to expand my portfolio, I over extended myself financially by acquiring multiple properties in quick succession. When the market experienced a downturn, managing multiple mortgages became overwhelming. This taught me the importance of pacing growth and maintaining a healthy debt-to-equity ratio.