Presentation on theme: "5 Common Mistakes Real Estate Investors Must Avoid"— Presentation transcript
Common Mistakes That Real Estate
Investors Make
1. Failing to Make a Solid Plan
Many real estate investors put their money on
properties without having proper plans
They lack knowledge
They don’t create an investment team
They don’t know their needs
3
2. Not Doing Adequate Research and Analysis
Real estate investors may overlook several factors when they’re
excited to purchase a property. Factors they neglect are:
Neighborhood statistics
Geographic information
Issues with the property
3.
Local Laws and Paperwork
Not knowing local laws can be a
significant setback as the investor may
end up paying fines for breaking laws
Skipping paperwork will obscure your
new responsibilities
4. Underestimating Expenses
Apart from the mortgage payments, a real estate
investor has to deal with other expenses, including:
Home maintenance
Insurance
Taxes
Upgrades
Standard upkeep
5. Making Unnecessary Upgrades and Improvements
Although remodeling and improvements are essential for house
flipping, real estate investors must handle them carefully while
spending their money. Making unnecessary repairs will eat away at
your returns
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