10 Terrible Mistakes Real Estate Investors Make

Once the market starts to rebound, investing in real property also becomes a more appealing idea — either as a career or a great side job. Like any other endeavor, though, there’s a right way and a wrong way to go about it.

Bankrate spoke with established, full-time real estate investors and with professionals, such as bankers, to identify the types of traps into which real estate investors most often fall.

10 Real Estate Investor Mistakes

  1. Planning as you go
  2. Thinking you’ll “get rich quick
  3. Playing Lone Ranger
  4. Paying too much
  5. Skipping homework
  6. Ducking due diligence
  7. Misjudging cash flow
  8. Lowering the volume
  9. Painting yourself into a corner
  10. Miscalculating estimates

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