http://www.REIClub.com - Here Are 5 real estate investing errors investors commonly make...
Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I’ve got a quick video on 5 deadly real estate investing mistakes, that you might already be making.
1) Becoming A Professional Student
- Buying too many Home Study Courses
- Attending seminars to "network", but not doing anything with your connections
- Learn everything about a niche, but never take action
2) Always Starting, Never Finishing
- Bought a domain, but its just sitting there
- Created a website, but don't use it
- Setup your call center, no marketing
3) Giving Up
- Most people quit the last 10%, don't let that be you
- First deal goes bad, don't try again
- Didn't make as much as you thought
4) Trusting, Not Researching
- Making offers based solely on what your realtor says - overpaying
- Selling at a lower price just to move it faster
- Overpaying for rehabs
- Buying at the wrong time
- Location - Developing Areas
5) Quitting Your Day Job
- Puts extra pressure on you maintaining your bottom line - so if you make $20K on your first deal, please don't quit your job just yet.
- Don't fall into the false sense of "Get Rich Quick"
I’m sure many of you listening to this are guilty of at least one of these. Don’t feel bad, you’re not alone. But this is exactly why I wanted to bring this up. These 5 common real estate investing mistakes are easily curable, and i’m sure you have already heard the solution before, which is you have to “Take Action”. It’s not even about getting off your butt, for many of you that’s not the problem, it’s taking that next scary step, and completing it.
Set small goals first and achieve them, it will reinforce a habit, making it easier to accomplish your bigger goals which feels AMAZING.
Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you’ll be automatically notified when we upload more quick video tips for you. Take care and good investing.
