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10 Common Real Estate Investing Starting-Out Mistakes

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Real Estate Investing,property for sale,business for sale,commercial real estate,investment,commercial property for sale. http://www.kokoshungsan.com/jvzoo/realEstateEssentials/

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10 Common Real Estate Investing Starting-Out Mistakes

  1. 1. ,'<: I:uLfi| t|nLI: ‘:n. IlItrt". l.". ‘?l_.1": ‘l; i . u". ~:II-"I
  2. 2. 10 Common Real Estate Investing Starting-Out Mistakes By Karen Rittenhouse 1" -I l-iOl(0Sl1lIn(_IS? IFLCOITI/ jVZOU, »I'. '.IlEStat€ESS8l1Y! .-5~
  3. 3. Interested in real estate investing? Or, perhaps you're already an investor and wondering why you're struggling?
  4. 4. Interested in real estate investing? Following are 10 Common Real Estate Investing Starting-out Mistakes:
  5. 5. 1. Failing to learn the basics. When starting anything new, including real estate investing, V there are simple ways to learn the basics.
  6. 6. 1. Failing to learn the basics. You can go to the local library or bookstore, I join the local Real Estate Investors ' Association , spend money on boot camps , and educational seminars, or study online on your own.
  7. 7. 1. Failing to learn the basics. No matter how you go about it, ' there's a lot of opportunity to pick V up the fundamentals of real estate invesfing.
  8. 8. ~ ! ‘~ . ‘ I‘ It '« <. <-~ —- ‘—~: », ‘I3 «II I ‘II ‘I I I I III I’? -'7 III III II 1. M - , ~ I II‘: II .1 ; _I{I. l‘. ;I"(; J:—I ‘—II — : ar‘~ I , -"~, “f". I I H? I “ Ij‘, I12’ I I‘ ” I’ "’ ‘ ‘ ” http: //www. kokoshungsan. com/ jvzod/ realEstatelissentialsl
  9. 9. I often meet new investors who are not sure what they're looking for, they're not really sure what they want to do, they just believe that I real estate investing is a solid way I to invest in their future.
  10. 10. They're not sure how to get started, they don't know with ‘ whom to work, they don't know . for sure what to buy or what strategy they're going to use.
  11. 11. What they have done is watched some "fix and flip" tv shows and decided they, too, want the success.
  12. 12. 3. Having a short term vision. True wealth building requires long-term investing.
  13. 13. 3. Having a short term vision. You can't create real wealth by T getting in when you feel good about it and getting out when things get a little rough. ‘1f‘n lcokoslmngsan. com/ ivzou. :-, -.: lEstateEssem «
  14. 14. 3. Having a short term vision. The real estate market always I fluctuates - up and down - so real estate investing for wealth has to be for the long term.
  15. 15. 4. "Get Rich Quick. " Refer hack to mistake number three.
  16. 16. 4. "Get Rich Quick. " This is nota "get % rich quick" venture".
  17. 17. 4. "Get Rich Quick. " "Fix and flip" the way you see on TV is only a small part of the strategy to grow your ‘ investment portfolio.
  18. 18. 4. "Get Rich Quick. " You will find that tax benefits on holds greatly increase your wealth building over time. ‘
  19. 19. 5. Quitting your dayjob. lmn; /mm-V W’ lcokoshungsan. com/ jvzou;1-. A.rlEstateEssents ~: «
  20. 20. . A lot of newbie investors are tired of their J-Q-B. They're 1 ready to move on, quit their day job, and get into real estate investing full time. 4%? :.—' > <; J.-"A-4 1
  21. 21. 4-. ‘ “ H 1'? “ if *_J: L.’ "‘: ’u'“'r’ ‘l wax, ‘ 5 B‘ it V} L] W I ~ _.1.. n'? .., .~t. _ . '-". _., t.. -. 7 J, IT. ‘ Ln _ V1 . ._Lf [ '2' l -‘ l*‘-: . A 4, i http: //www. lcokoshungsan. com/ jvzoo/ realEstateEssc-ntiaIs/ . ‘ -a 1.1 l‘ xi 0"»).
  22. 22. But wait until your real estate business is ! generating income before you quit your W2 job. shunazou E tateissem s <1 i
  23. 23. 6. Not having multiple exit strategies. When you purchase a property, you need at least three exit strategies in place. Ltffn. s an-. lzokoshungsan. com/ jvzou, r-. ‘.tlESf3t8ESS8l1Y5.~i~
  24. 24. 6. Not having multiple exit strategies. Perhaps you plan to renovate and resell quickly. Ltffn. s an-. lzokoshungsan. com/ jvzou. » r ». -.: lEstateEssema. -:~
  25. 25. 6. Not having multiple exit strategies. What if it doesn't sell?
  26. 26. 6. Not having multiple exit strategies. Are you able to put a tenant into it and hold it?
  27. 27. 6. Not having multiple exit strategies. Perhaps you can sell it without renovations l for a lower but faster profit to another V investor. If you're locked into only one exit 1 1 strategy when you purchase you can back yourself into a painful corner.
  28. 28. 7. Lack of cash. l x . l-zolcoshunqsnn, com/ jvzou. r-. -.llES? at9ESSelt*. £ ~: «
  29. 29. Lack of cash canreaHy slow you down.
  30. 30. And banks are not jfond of lending for speculation. 0L, . lEstateESseI 9
  31. 31. t A great source of funds, and something you absolutely l ” need, is investment partners ~ with cash.
  32. 32. Cash doesn't always A mean a pile of green by the way.
  33. 33. For more information: www. kokoshungsan. com/ jvzoo/ realEstateEssentials mm; //~. n-v~. »u leokoshungsan. com/ jvzou ta-. :iEstateEssem R
  34. 34. ‘ . - r o—a I’ l It i , '<: l:uLtIlt| ni; r:ru. . t. "'r4oro; l_('. r.j11¢: a; .-. u". ~:| |.~;
  • AndrPoisson

    Apr. 11, 2020
  • BrianLee118

    Oct. 29, 2016
  • JasonDanner3

    Mar. 19, 2016
  • penningtoncapital

    Feb. 11, 2016
  • jasoncohenpittsburgh

    Dec. 22, 2015

Real Estate Investing,property for sale,business for sale,commercial real estate,investment,commercial property for sale. http://www.kokoshungsan.com/jvzoo/realEstateEssentials/

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