From The Desk Of
LaMichelle Hecht, CPA
Dear Real Estate Investors & Developers,
Recently costs of labor, materials, and real estate have risen significantly as well as a decrease in supply of it. The average property is only on the market for 38 days. Have you been able to keep track and grow with the price changes?
Would you agree with me when I say that business has gotten more challenging for real estate investors and developers like you over the past few years?
For example the selling price of apartments/ homes has risen by 147% compared to 2010.
Interest rates are rising and expected to continue to rise.
Even with the pandemic’s disruption, real estate development and investing continues to go on strong…
Did you know that about 40% of all homes are occupied by renters?
With the increase in prices and shortages are you worried about managing it all while having profits?
But don't worry - all of these mistakes can be fixed with the right help, saving you thousands of dollars and dozens of precious hours every month.
With all of these external complications, are you making seven costly mistakes that make things worse? Mistakes that can destroy your cash flow and eat into your profits. .
So let's go over each of the 7 Financial Mistakes Real Estate Investors and Developers that you can find in my latest E-Book.