Real Estate Investment: 5 Fatal Mistakes You Don’t Want To Make

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Real Estate Investment 5 Fatal Mistakes You
Dont Want To M

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• Real estate investment is a strategy and not a
  sequence of disjointed transactions.
• Investing in real estate is a trusted port for
  many. Yet, as with anything, there is a good way
  and a bad way to embark on a real estate
  adventure. From the experiences of professional
  real estate investors, we draw on five real
  estate investment mistakes that can be
  catastrophic for a beginning investor.
• Buy a house and see what you do with it. Acting
  first and then thinking is rarely a good modus
  approach. The lack of a solid plan is by far the
  most common mistake made by aspiring real estate
  investors. However, it is quite simple create a
  solid plan and find a property that suits your
  planfirst the strategy, then the concrete
  implementation.
• Here, We want to share some of the most common
  mistakes with you so that you can learn from
  them.

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1. Buying with emotion

• As a real estate investor, you naturally want to
  give someone a nice place to live, to create a
  home. But you are not an investor for nothing,
  which means your real estate investment must also
  yield money. Unfortunately, we still see all too
  often that people buy with emotion, for example,
  by necessarily buying in a certain place because
  they themselves come from there. Because of that,
  they have a good feeling about that place. Even
  if that place is not the right investing place,
  they still decide to purchase there. That is a
  waste of your investment, time and return. A home
  must be good. It should feel clean, complete and
  pleasant. But in the end, you invest in making
  money with it.

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2. Not Good Market Research

• Before you buy, proper market research is very
  important. Because of this, you research what the
  appraisal prices, purchase prices, rental prices
  and rentability are, among other things. This
  sometimes felt tempting not to hire a
  professional for help to save money. However, if
  you dont have the good market knowledge and not
  even consulted an expert, you could lose the
  brighter side of buying a profitable property.
  So, make sure you do good market research before
  buying somewhere so that you know for sure what
  you are doing.  

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3. Outbidding

•  When there are a few houses for sale, and it
  takes more effort to find good property deals
  (off-market deals), people are inclined to pay
  more to be able to buy. But in the case of real
  estate investment, you earn on the purchase
  price. Because if you buy well, you have to
  invest less from your own money. You can use that
  money that you have leftover to invest in another
  object or to get better financing conditions. Or
  you have built up equity faster that you can also
  withdraw to invest further. Our tip is,
  therefore before going into a bidding war, be
  sure that this property is going to offer you
  good ROI. Have patience and go the extra mile to
  find and purchase the right property.

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4. Invest to implement

• First-time investors, in particular, are not
  willing to invest to implement. Thats a big
  mistake because when they invest in knowledge,
  they will save a lot of issues and a lot of time.
  You dont have to spend thousands of dollars on
  this. But just start with learning the tactics of
  real estate investment. A good real
  estate agent can help you with this.   

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5. Money is important

• As an investor, you naturally want to earn on
  your investment. So, you want to receive a net
  cash flow every month. But a number of investors
  are going through this. For example, they choose
  not to install a new bathroom because this can
  quickly cost a few thousand dollars, and this is
  deducted from their return. While it is really
  necessary to prevent that there will be no
  leakage. They want to save in the short term,
  which will cost more money in the long term.
  Because if you really do get a leak, you will
  spend more time and money to fix it. So, make
  sure your objects are in order so that the tenant
  is satisfied and you can save money in the long
  term.  

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