Real Estate Investment: 5 Fatal Mistakes You Don’t Want To Make - PowerPoint PPT Presentation

About This Presentation
Title:

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

Description:

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. – PowerPoint PPT presentation

Number of Views:50
Slides: 10
Provided by: knoxproperty
Category: Other

less

Transcript and Presenter's Notes

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


1
Real Estate Investment 5 Fatal Mistakes You
Dont Want To M

2
  • 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.

3
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.

4
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.  

5
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.

6
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.   

7
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.  

8
Contact us
  • 41/1470 Ferntree Gully Rd, Knoxfield VIC 3180
  • Website- https//www.knoxpropertyexperts.com.au/

Content Resoure- https//www.knoxpropertyexperts.
com.au/real-estate-investment-5-fatal-mistakes-you
-dont-want-to-make/
9
Thank You
Write a Comment
User Comments (0)
About PowerShow.com