Comments on: 7 Beginner Real Estate Investing Mistakes to Avoid

By: Joshua Dorkin

Joshua Dorkin — Sun, 15 Jan 2012 13:14:18 +0000

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By: Rodger

Rodger — Sun, 15 Jan 2012 05:15:52 +0000

I am new to the real estate game, and I would like to know where you guys spend your time learning. Are there any specific resources you can point me and my partner to. That would be very helpful.

By: Dustin

Dustin — Mon, 03 Oct 2011 02:13:22 +0000

Fantastic write up. I have been investing for awhile now and have found these tips to be more like Golden Rules. Also must agree with what the comment about Quantity vs. Quality. In my opinion, Consulting an expert and building a team is probably the tip that spurred my business to a new level. You will burn yourself out and maybe go broke, if you try to do everything yourself. Take the time to interview rehab contractors, get estimates, go to investor meetings and talk to someone who is making money in this game. This takes some time and effort but the ROI for your time is priceless!!

By: Ryan Moeller

Ryan Moeller — Mon, 30 Nov 2009 21:43:14 +0000

Great point Garrick. Finding home run deals and having the patience to wait and cherry pick for only home run deals is critical. I agree and see it often. Beginners are thought to duplicate cookie cutter deals and are impatient and suddenly end up purchasing 5 out of 10 prospects and end up with some crummy deals. They should be diligent and cherry pick the 1 home run deal out of 100 prospects. Thanks for the terrific comment! .-= Ryan Moeller´s last blog ..Cash Flow Duplex =-.

By: Garrick Smith

Garrick Smith — Mon, 30 Nov 2009 19:24:20 +0000

Great tips! One thing I would add is too much focus on quantity instead of quality investments. A lot of new investors think about getting a bunch of rental property under their belt and wind up buying junk. They don't realize a handful of quality rental properties in good locations is much better than 20 rental properties that are dumps and in bad locations. I've seen some new investors lose a lot of money this way. They buy cheap thinking they can make more money off of a bunch of cheap properties.

By: Neil McGuinness

Neil McGuinness — Wed, 08 Jul 2009 22:23:00 +0000

You can imagine what most people thought after the real estate market collapsed – why did i buy, why did i do that? Well you did that because you thought you were going to make a fortune down the road when you sell. If only life was that simple, we would all be rich and prosperous. It’s time for everyone to come back down to earth with the price of real estate. Be smart and don’t jump into a real estate transaction because you heard a few stories about how easy it is to make money through buying and selling/flipping. This is a long term relationship you are investing in, be wise and look at all your options and study them.

By: Joshua Dorkin

Joshua Dorkin — Wed, 08 Jul 2009 15:25:41 +0000

Great list, Ryan! I was going to try and pick one out to highlight as the worst mistake to make, but I’d say they are all fairly equal. This is a must read for any newbie investor!