Real Estate Deal Analysis & Advice

8 Stupid Mistakes to Avoid as a New Real Estate Investor

Expertise: Landlording & Rental Properties, Personal Development, Real Estate News & Commentary, Business Management, Flipping Houses, Mortgages & Creative Financing, Real Estate Deal Analysis & Advice, Real Estate Wholesaling, Personal Finance, Real Estate Marketing, AskBP, Real Estate Investing Basics
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foot about to step on banana peel and slip

In your first year as a newbie investing in real estate, you’re bound to make a few mistakes. But you don’t have to make THESE! Instead, learn from a real estate investor who did.

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Brandon Turner shares eight stupid mistakes he made during his first year investing in real estate.

Newbie Investors: Avoid These Missteps

He also talks about flipping, house hacking, landing deals, and more!

Related: The Top 7 Costly Mistakes Seasoned Real Estate Investors Make

Have you experienced any of these mishaps? How did you move past them?

Give this video a thumbs up, and leave a comment below!

Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He is a nationally recognized leader in the real estate education space and has tau...
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    Jay Williams Rental Property Investor from Los Angeles
    Replied 12 months ago
    Great and timely advice B!! I’m a newbie and will be sure to heed your warnings. Thanks!!
    Jay Williams Rental Property Investor from Los Angeles
    Replied 12 months ago
    Great and timely advice B!! I’m a newbie and will be sure to heed your warnings. Thanks!!
    Caren E. from Baldwin, Maryland
    Replied 12 months ago
    Can you post a transcript? Prefer to read. Thanks
    Marey Oakes
    Replied 12 months ago
    I”m not even a newbie – I’m working UP to becoming a newbie. But I’m glad I found biggerpockets.com. This is the first video I’ve checked out, appropriately enough and I appreciate the succinct, good advice. You’re encouraging tone is great too. Thanks.
    Danette DeRose
    Replied 12 months ago
    thumbs up brandon i couldnt find the thumbs up thing lol
    Philip Holzknecht from Richmond, Virginia
    Replied 12 months ago
    Please post a transcript. I prefer to read these articles rather than watch a video. Thanks.
    Sempangi Jones from Knoxville, Tennessee
    Replied 12 months ago
    My notes from the video. 8 mistakes in order of the video 1. Not keeping good records 2. Doing all the work myself 3. Bought house without running the numbers 4. Spent profit I hadn’t earned yet 5. Didn’t look for off market deals 6. Didn’t have backup exit strategy 6a. Always have at least 2 exit strategies 7. Didn’t build a deal funnel Leads – generate leads Analyze- review numbers on property Pursue- create offers for properties Success- close the sale 8. Didn’t ask for help What I did right was to stick with it! Thanks for the videos Brandon!
    Armando Herrera
    Replied 12 months ago
    learned a lot thank you