Don’t Make These Mistakes


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The benefit of purchasing over 50,000 as is properties is the wealth of knowledge you gain. Inexperienced and seasoned real estate investors are always looking for ways to make money. Unfortunately, their pursuit of the big bucks often leaves them open to making big time mistakes.

The first large mistake is with home selection. Don’t pick new homes. Although they are pretty, they normally cost more per square foot than their alternative resell properties. Make sure that the investment home is at a reasonable enough level to allow for future profits.

The second mistake real estate investors make is buy a property that sounds like an unbelievable deal. The deal is not the problem. The danger occurs when the investor just sees dollar signs and fails to take into account the other factors that can make the property a fabulous investment. To make a good investment, choose properties that are in a good location. They should be close to parks, good schools, great shopping, and superb restaurants. Those are items that families want and are willing to pay to be close to.

The third mistake investors make is to buy real estate because they like it.  An investor’s tastes should be taken into consideration, but not everyone is going to have the same tastes. Instead, look for properties based on their potential. Is there a chance of the property appreciating quickly? Is the property in an area that other people are dying to move into? Real estate investors will not make money on homes unless people are willing to rent them. Just because the investor likes 5 bedroom 3 bath homes in the suburbs doesn’t mean that these are going to be good rental properties.

The fourth mistake real estate investors make is purchasing homes in the neighborhood where they live. While it does make it more convenient to check up on the place, convenience does not make up for the ability to rent the home. The main thing to remember is the property needs to be in a desirable location and have access to the amenities people love, including parks, restaurants, and shops. If your neighborhood provides those things, the property may be a good investment. If it doesn’t, the chances of renting the house and keeping good tenants are greatly reduced.

Keeping these mistakes in mind will help real estate investors make better investing decisions. For more information on real estate investing, call or visit us today at Homevestorsfranchise.com. We have a large assortment of real estate franchise and real estate investment opportunities available. Come see us today and see what 15 years of experience can do to help grow your real estate business.

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