What is the biggest waste of money new investors make

[Chris Seveney]

Let me start and people can add:

1. Deeding a property in their personal name to a LLC.

Why, because you now have additional costs and are getting no asset protection since your LLC didn't buy the property (and 99% of the time the mortgage is still in borrowers name).

Other wasted costs tied to this is starting holding companies and all these complex entity setups to “hide” your name (side note unless you are a movie star or professional athlete no one cares about who you are or where you live.

Ps not an attorney or cpa

[Michael S.]

Paying 5 figures for guru classes when they have zero properties, no experience, and/or lack a true desire to take action.