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 [...]
Entries from March 2009
Mistake #9 – Quitting Your Job to Start Investing
March 9th, 2009 · No Comments · Uncategorized
Tags:buy luxury homes in texas·buy my house·buy to let mortgages·commercial real estate investing·foreclosure homes for sale·houses for sale by owner·luxury homes in austin·real estate investing for beginners·residential real estate investment
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 [...]
Tags:Add new tag·buy luxury homes in texas·buy my house·commercial real estate investing·foreclosure homes for sale·houses for sale by owner·luxury homes in austin·real estate investing for beginners·residential real estate investment
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 [...]
Tags:buy luxury homes in texas·buy my house·buy to let mortgages·commercial real estate investing·foreclosure homes for sale·houses for sale by owner·luxury homes in austin·real estate investing for beginners·real estate investment properties·residential real estate investment
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. [...]
Tags:buy luxury homes in texas·buy my house·commercial real estate investing·foreclosure homes for sale·houses for sale by owner·luxury homes in austin·real estate investing for beginners·residential real estate investment