Do Not:

Common Mistakes to Avoid in Real Estate Investing:

Do Not:

• Trust a friend or real estate agent for a "hot tip" without thouroughly checking out the deal!
  

• Buy vacant land unless you have a solid, short-term plan to make it worth more (e.g. sub-divide or develop).
  

• Pay market value in a down or flat market.
  

• Buy anything until you know where your market is going (Up, Down, Flat, Bubble)
  

• Buy a fixer-upper without the proper skills or contacts to renovate.
  

• Buy a long-term hold with a short-term ARM (Adjustable Rate Mortgage)
  

• Buy a home for yourself that has a mortgage payment more than 40% of your monthly income.
  

• Buy an investment you can't afford to make payments on for at least 6 months.
  

• Go into a partnership without a CLEAR & WRITTEN contract spelling out all responsibilities and expectations.
  

• Enlist the help of a contractor or sub-contractor without clear, detailed contracts that protect YOU!
  

• Put your tongue on a frozen flagpole.
  

Yep, that about covers it for now . . .

Learn much more on the Dos and Don'ts of Real estate investing in my Full Course, available on the Products Page.

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