Avoid these mistakes while investing in real estate…

real_estate

Real estate is a thriving business. However, investing in real estate usually involves large amounts of money, and it shouldn’t be done lightly.

Eleanor Roosevelt once said, “Learn from the mistakes of others. You can’t live long enough to make them all yourself.”

This list exposes those minute details that investors might miss, if left uninformed. These points are from personal experience and feeback from many investors.

Here are the 10 mistakes to avoid when investing in real estate:

  1. Not having specific investment boundaries
  2. Borrowing over 80% of the property cost
  3. Poor cashflow management
  4. Focusing all your investment in one location
  5. Not engaging an expert Broker
  6. Trusting the Broker too much
  7. Not checking out the neighbourhood
  8. Not seeing what you are paying for
  9. Using emotion over true sense of judgement
  10. Lack of research

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