8 Stupid Mistakes to Avoid as a New Real Estate Investor

by | BiggerPockets.com

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.

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!

About Author

Brandon Turner

Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He began buying rental properties and flipping houses at age 21, discovering he didn’t need to work 40 years at a corporate job to have “the good life.” Today, with nearly 100 rental units and dozens of rehabs under his belt, he continues to invest in real estate while also showing others the power, and impact, of financial freedom. His writings have been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media. He is the author of The Book on Investing in Real Estate with No (and Low) Money Down, The Book on Rental Property Investing, and co-author of The Book on Managing Rental Properties, which he wrote alongside his wife, Heather, and How to Invest in Real Estate, which he wrote alongside Joshua Dorkin. A life-long adventurer, Brandon (along with Heather and daughter Rosie) splits his time between his home in Washington State and various destinations around the globe.

7 Comments

  1. marey oakes

    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.

  2. Sempangi Jones

    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!

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