Four Landlording Mistakes You Should Avoid…They say the definition of insanity is doing the same function repeatedly hoping for different results. If this is the case, you can call almost every landlord insane!As a landlord, I too tend to commit the same mistakes over and over, despite fully knowing the error I am making. I compiled this list as a lesson to myself, and if it can help others along the way avoid these – then my mistakes have not been in vain! Without further ado:Five … [Read more...]
Mistakes and Lessons Learned For New Real Estate Investors
January 2, 2012 By Leave a Comment
Mistakes and Lessons Learned For New Real Estate InvestorsI was talking with someone last week that was a brand new real estate investor. By brand new I mean she and her husband had only been investing a few months. After reading a lot of books, joining their local REIA and talking with a few folks in the business, they bought a package of 3 properties from another real estate investor. This was their first purchase, and they were very excited. These properties were wholesale deals that each … [Read more...]
How To Avoid Loosing Wholesale Deals
December 28, 2011 By Leave a Comment
How To Avoid Loosing Wholesale DealsA fellow I know got a great property under contract, found a buyer for his wholesale deal and was looking to make a quick $10,000 on the deal. However, he made a few mistakes along the way which almost cost him the deal and I want to show you how to avoid them.Read the full post here... … [Read more...]
Take Out Unnecessary Words
December 22, 2011 By Leave a Comment
Writing on a computer offers two special tools to take out the unnecessary words – the backspace key and the delete key.The backspace key allows us to “do over” mistyped words. And the delete key helps us to edit the words that aren’t necessary. These are powerful tools to lean on in our conversations, especially the ones we have with ourselves. Backspacing and deleting words can help you focus and create a better mindset, which ultimately results in success.So, what are the words to … [Read more...]
Aspiration VS. Desperation In Real Estate Wholesaling?
December 16, 2011 By Leave a Comment
Aspiration VS. Desperation In Real Estate Wholesaling?I want to highlight one disastrous mistake that real estate professionals can tend to make with their real estate marketing campaigns and how you can avoid it. We’ll refer to this concept as…Aspiration vs. Desperation Can anyone else relate to the following? When I had initially started my professional career wholesaling houses, I constantly felt the sting of desperation early on. This always came as a result of not having enough … [Read more...]
Big Fix and Flip Mistakes In Real Estate
December 1, 2011 By Leave a Comment
Big Fix and Flip Mistakes In Real EstateSince 2009, I’ve flipped 59 houses. And unfortunately, I’ve made the same mistakes multiple times on several of them. Why? Because fixing and flipping is not an exact science. I’ve had some time to reflect and came up with the four biggest mistakes I’ve made as a fix and flipper. Here they are, in no particular order:Overestimating the value of a property Over remodeling the property, Under remodeling the property Underestimating the … [Read more...]
Mistakes As A New Real Estate Investor
November 16, 2011 By Leave a Comment
Mistakes As A New Real Estate Investor.When I first started investing in real estate, there was an expression that the seasoned investors at the local real estate investors club used for investors like me. They didn’t say that I was ‘green’ at investing. None of the usual monickers that get attached to those that are new at something. No, I was referred to as ‘young and dumb’. Young as in brand new to investing and dumb as in I thought I had it figured out. I had read … [Read more...]
How to avoid Mistakes As A New Real Estate Investor
October 27, 2011 By Leave a Comment
How to avoid Mistakes As A New Real Estate InvestorAs an active investor and willing presenter at local real estate investment clubs, I am often asked about what common mistakes new investors make. Regrettably, I am rarely asked how to avoid the mistakes. The list of mistakes new investors can make is unfortunately rather long. In this post I am going to focus on three mistakes I find as prevalent, annoying and altogether avoidable. Three Avoidable Mistakes New Real Estate Investors MakeNew … [Read more...]
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