5 Deadly Mistakes Real Estate Investors Should Avoid At All Costs

Many experienced real estate investors have successfully built up their cash-flowing investment property portfolios by following strict guidelines when evaluating potential deals.

Here are the top 5 mistakes real estate investors must avoid that I’ve learned from my conversations and experiences working with successful investors.

These tips for real estate investors will help you save a lot of time, money, and headaches when looking for your next investment property purchase:

1. Not consulting with a knowledgeable commercial real estate agent on property values and areas

A lot of real estate investors may think they know everything there is to know about properties based on previous experience or something they might’ve heard from other investors.

And while this way of thinking could be helpful, most people would agree that it is always beneficial to gather other opinions and insights in order to gain new perspectives and reveal new truths that were previously hidden.

With so many commercial real estate agents studying the market, seeing properties, and being the “boots on the ground” looking for the next big real estate investment deal, naturally it makes a lot of sense to reach out to a real estate expert who specializes in local real estate investment opportunities.

Having a good commercial real estate advisor on your team to help you find potential investments and assist in evaluation and negotiations makes good financial sense due to their access to proprietary intel available only to licensed real estate professional (e.g. the commercial MLS and commercial broker networks).

And perhaps best of all…

In a majority of real estate transactions, there is no out-of-pocket cost to work with a commercial real estate agent as your buyer representation.

That’s because their fee is typically paid by the seller when the deal closes.

Which means you get all the advice, guidance, and local investing knowledge you need to ensure a smart real estate investment decision is made. (And that’s what you really want…isn’t it?)

Naturally, it just makes a lot of sense to work with a commercial real estate specialist when evaluating a potential deal.

This ultimately will save you a lot of time, keeping your email and voicemail inboxes clutter-free and getting you all the information you need to evaluate properties to purchase.

2. Purchasing properties in areas with very low potential for improvement in the near future…

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