The Biggest Mistakes In Real Estate investing that I see are… Thinking it is a get rich quick scheme… Just dabbling in investing… Buying in a market you do not know well… Thinking you have to do this business alone… Giving up too fast and being too impatient… Continue Reading >> • Analysis paralysis
• Using the sellers numbers and expecting them to be true
• Not adjusting the amount for property taxes on pro-forma
• Not properly estimating negative cash flow or extensive repairs
• Buying a property without looking at true economic vacancy
• Buying a property based on future appreciation or value vs. cash flow
• Misjudging market rent value
• Not asking for seller financing
• Buying a property in your own name
• Choosing Bad Contractors
Can you think of anything more?
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