The Biggest Real Estate Investing Mistake I’ve Ever Made

by | BiggerPockets.com

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

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.

About Author

Matt Faircloth

Matt Faircloth, Co-founder & President of the DeRosa Group, is a seasoned real estate investor. The DeRosa Group, based in historic Trenton, New Jersey, is a developer and owner of commercial and residential property with a mission to “transform lives through real estate." Matt, along with his wife Liz, started investing in real estate in 2004 with the purchase of a duplex outside of Philadelphia with a $30,000 private loan. They founded DeRosa Group in 2005 and have since grown the company to owning and managing over 370 units of residential and commercial assets throughout the east coast. DeRosa has completed over $30 million in real estate transactions involving private capital including fix and flips, single family home rentals, mixed use buildings, apartment buildings, office buildings, and tax lien investments. Matt Faircloth is the author of Raising Private Capital, has been featured on the BiggerPockets Podcast, and regularly contributes to BiggerPockets’s Facebook Live sessions and educational webinars.

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