The Biggest Mistakes In Real Estate Investing with Rod Khleif
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…
• 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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Hi Rod. Thanks for all of the wonderful information you have been providing, I’m so very glad that I came across your videos! You provide real, tangible info that’s not just a call for investors to invest in your property deals!
I’m just starting to read your book and am enjoying it very much as well.
One question I have though – is it possible to do this starting at the age of 48 and make money in a reasonable amount of time? I would like to be able to phase out of the cubicle job and do this full-time. The current retirement plan/401K is not going to cut it – not by a long-shot. It seems like the majority of the multi-family training is geared toward the younger generation, perhaps because it takes a really long time to see returns?
Hi Jackie,
Please listen to my podcast on iTunes or Stitcher; Lifetime Cash Flow through Real Estate Investing. We are blessed to be number one in the real estate, business and education sections. You will not only get tremendous value but you will also be inspired by the numerous people I have interviewed who have build multimillion dollar multifamily portfolios while holding down full time jobs. Best Rod
Thanks for taking the time to put this material out there!
Thanks for watching, Anthony!
I’ve been ensuring lately that I do the most with my time , so during my daily walk I listen to your podcast instead of music.
I have received a lot of good information and gained a lot of value from them. Thank you!
Thank you, Ken! I appreciate your kind words 🙂
Thank you Rod for sharing your experiences! It’s so easy to follow what you are explaining, look forward to learning from your book!!
Thank you for watching, Monica! Wishing you massive success!