970: 5 Mistakes to Avoid When You Start Investing in Real Estate

BiggerPockets Real Estate Podcast

Before you start investing in real estate, make sure you hear this episode. Almost every beginner ends up making these five big real estate investing mistakes. Some cost money, some cost time, but all of them cost you peace of mind and push you further away from achieving financial freedom. We’re breaking down these five big mistakes so you can avoid them and start building wealth faster!

Dave Meyer and Rob Abasolo are back today to discuss the five common real estate investing mistakes to avoid. From buying bad deals to doing wrong calculations, getting stuck in analysis paralysis, and beyond, even our expert investors have fallen into these beginner traps a few times. However, their previous mistakes could make you money as they share exactly how to avoid these rental property investing pitfalls.

If you want to invest in real estate but are stuck, scared that you’ll make the wrong move, jump into today’s episode and take notes. If you can avoid these real estate investing mistakes, you’ll not only end up richer but with far less grey hair than even the most savvy investors. Let’s get into it!

In This Episode We Cover

The five biggest real estate investing mistakes that beginners make (and YOU can avoid)

Why even a profitable rental property can be the “wrong” deal for you

The one thing that most new investors leave out when they’re analyzing real estate deals

The “sacrifices” you can make to get the money for your first or next real estate deal

Why you should NOT borrow money to buy your first investment property

The problem with real estate partnerships and why they’re so easy to get wrong

An antidote to analysis paralysis that’ll stop you from sitting on the sidelines

And So Much More!

(00:00) Intro

(01:25) 1. Buying the Wrong Deal

(05:57) How to Avoid Bad Deals

(07:14) 2. Analyzing Wrong

(11:09) 3. “Lacking” Money

(23:23) How to Do Partnerships

(25:49) 4. Getting “Stuck”

(29:01) Escaping Analysis Paralysis

(31:12) 5. Doom and Gloom

(34:18) Talk to THESE People

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-970

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