3 Dumbest Mistakes Buy & Hold Real Estate Investors Make
In order to give you that extra heads up, here are a few of the stupidest slips a buy and hold investor possibly make.
Overpaying
As a buy and hold investor, definitely do take the time to learn the best ways to buy low and snag the top deals. By simply trying to imitate the clever tactics of a flipper or wholesaler, you might just find yourself creating some great immediate equity on your investment!
Over-Appreciating Appreciation
One of the biggest mistakes that investors make is purchasing rental properties simply based on their hopes that these properties will appreciate in value. It's strongly encouraged that you never purchase a property with your only profit potential being appreciation.
Not Treating Landlording as a Business
Land lording is actually a business and in order to keep your assets performing, it is best to maintain property upkeep, tenant relations, and finances. The majority think that land lording is an easy-going game of handshake agreements, emotion-based choices and loose regulations but if you want to make it in the long run, you have got to be assertive!
Leave a reply
Your email address will not be published. Required fields are marked *