Horror Stories in Multifamily Real Estate Investing

Let's get uncomfortable! You get a call on New Year's Day from a tenant stating that there's been a break-in at your property. You're under contract on a deal and you have 6 figures of earnest money at stake when you find out that the seller has mis-represented certain financial details. You invest as an LP and discover that the GP has neglected their responsibilities and walked away from the deal. What do you do in any of these cases? What happens when things in your multifamily investments don't go according to plan?

In multifamily real estate, investors are rewarded for solving problems. Problems pop up regardless of how well prepared we are as investors. The above examples were all obstacles that Marc and Gonzalo faced, but chose to look at as opportunities for growth and development in their business. Without the hard lessons that experience teaches us, it's impossible to grow. What have been your biggest 'horror stories' or 'war stories' from multifamily investing? Feel free to comment below.


Did you miss our previous article...
https://trendinginrealestate.com/multifamily-investing/never-invest-in-these-7-types-of-real-estate-properties-in-2021-part-2-robert-kiyosaki