Mistakes in Real Estate

[Lamar Witcher]

What are the most common mistakes made by new investors in real estate, and what are mistakes that even veterans make?

[Andrew Fredrickson]

@Lamar Witcher

I think the most common mistake I've seen new investors make is to assume their positive cash flow = (monthly rent) - (mortgage payment). 

When you're just starting out with REI, people don't always realize how much money they should be setting aside for

• maintenance
• capex
• property management 
• vacancy 
• etc. 

That's probably the biggest thing I've seen. 

Best,

Andrew