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
- Planning as you go
- Thinking you’ll “get rich quick
- Playing Lone Ranger
- Paying too much
- Skipping homework
- Ducking due diligence
- Misjudging cash flow
- Lowering the volume
- Painting yourself into a corner
- Miscalculating estimates
Read Full Article [Source: www.bankrate.com]