The Oldest and Most Trusted Real Estate News Magazine

10 Terrible Mistakes Real Estate Investors Make

Once the market starts to rebound, investing in real property also becomes a more appealing idea — either as a career or a great side job. Like any other endeavor, though, there’s a right way and a wrong way to go about it.

Bankrate.com spoke with established, full-time real estate investors and with professionals, such as bankers, to identify the types of traps into which real estate investors most often fall.

1. Planning as you go

Andy Heller, an Atlanta-based investor and co-author of “Buy Even Lower: The Regular People’s Guide to Real Estate Riches,” says lack of a plan is the biggest mistake he sees new investors make. They buy a house because they think they got a good deal and then try to figure out what to do with it. That’s working backward, Heller says. “First, you find the plan,” he says. “Then you find the house to fit the plan. Pick your investment model, and then go find property to match that. Don’t find the strategy after you find the home.”


Read the rest of 10 Terrible Mistakes Real Estate Investors Make  »

For more articles like this, please visit our Real Estate Investing Blog.


© 2018 by Marco Santarelli and Norada Real Estate Investments. Your Premier Source for Turnkey Cash-Flow Investment Property.

The post 10 Terrible Mistakes Real Estate Investors Make appeared first on Real Estate Investing Blog.

Tags:

Sitemap Madbadcat Graphics