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Entries from March 2009

Mistake #9 – Quitting Your Job to Start Investing

March 9th, 2009 · No Comments · Uncategorized

Lots of new real estate investors make the mistake of quitting their jobs as soon as they decide to start investing, or even before they make their first investment deal. That is a huge mistake. Experienced real estate investors will tell you that you need to keep your job at least until you have done [...]

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Mistake # 8 – Counting on Rent to Cover Costs

March 9th, 2009 · 2 Comments · Real Estate Tips

Probably the single most common mistake that new real estate investors make when they buy a home to turn it into a rental property is expecting that the home will always be rented when they figure out how to cover their costs. You should never expect that you will always have the rent from a [...]

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Mistake # 7 – Using Bad or Unreliable Information

March 2nd, 2009 · 1 Comment · Uncategorized

Nothing can make an investment deal go wrong like relying on information that turns out to be incorrect or misguided. Unfortunately, many new real estate investors take the word of other people when it comes to things like getting the proper permits for construction, or getting an assessment of the condition of the house, or [...]

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Mistake #6 – Going it Alone

March 2nd, 2009 · No Comments · Real Estate Tips

When you first get into real estate investing it might seem like it’s not that hard and that you can do fine on your own. But just like with any other business when you are first getting started it’s important to network and make contacts with other people that have more experience in that industry. [...]

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