Personal Development

The Biggest Real Estate Investing Mistake I’ve Ever Made

Expertise: Real Estate Investing Basics, Real Estate Deal Analysis & Advice, Mortgages & Creative Financing, Landlording & Rental Properties, Business Management, Personal Development, Flipping Houses, Commercial Real Estate
161 Articles Written

Mistakes happen to the best of us. And unfortunately, newbie investors are particularly susceptible.

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I’ve had my fair share of slip-ups in the investing industry, but there’s one that I’m still not sure I’m over. And you know what’s extra frustrating? It could’ve easily been avoided.

Listen to my story, take my advice, and don’t repeat this huge mistake.

Related: The One Real Estate Mistake You Can Never Fix…

Avoid This Typical Newbie Misstep

To err is human. So, when it comes to real estate investing, mistakes are going to happen. It's pretty much inevitable.

But what you can do is exercise damage control. Minimize the number of mistakes you make and lessen the impact of your missteps by asking for help.

And the BiggerPockets forums are a perfect place to do that! Read investors’ stories, ask experts questions, bounce ideas off community members, and share the lessons you’ve learned along the way.

This is especially important for those of you who are just starting out.

What mistakes did you make when you were just starting out as a real estate investor? Could it have been avoided by asking for help? 

Share your experience in a comment below.

Matt Faircloth, co-founder and president of the DeRosa Group, is a seasoned real estate investor. The DeRosa Group, based in historic Trenton, New Jersey, i...
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    Karl B. Rental Property Investor from Columbia, MO
    Replied over 1 year ago
    Very true. And the dog barking in the background is simply freestyling to the background music!
    Esther Torres from San Juan
    Replied over 1 year ago
    Very informative. More and more pet lovers unite and having in place a pet policy as part of the rental agreement is not only smart; it is crucial to doing business in today’s very competitive and sue happy market!
    Joseph Chan from Jersey City, New Jersey
    Replied over 1 year ago
    Next time just ask me for help Matt. Haha. Nice video.
    Jenny Moore Investor from Silverdale, WA
    Replied over 1 year ago
    Great advice Matt. So many mistakes later- wish I had the Biggerpockets community when I first started. Probably would be in a different place now- but I am much smarter because of those mistakes.
    Winston Johnson
    Replied over 1 year ago
    Im so exciting to have found this community of awesome people