Let’s face it: As a new landlord, you’re probably going to make a few mistakes along the way. Ensuring that you have a full arsenal of knowledge and have done your research ahead of time will set you up for success and protect both your tenants and your investment.
Experience has led me to believe that the majority of turnkey companies out there are putting a ton of pressure on the investors that reach out to them to buy a property. If this is happening to you, run the other way—fast.
When starting out in real estate investing, mistakes are inevitable. But some don’t have to be! There are common newbie investor errors I’ve seen repeated time and time again. I don’t want you to fall victim to the same cliché missteps that so many others have before you!
Ahhh, investing in real estate. In between generating passive income and dealing with tenants, there is a savvy tax savings strategy that is often misunderstood—or just plain unheard of. But the end result can yield upfront cash flow faster for investors by helping to reduce your current tax liability. Let me explain!
Some investors believe they NEED to see a property in person in order to pull the trigger & purchase it. Here’s why that couldn’t be farther from the truth.
If you’re investing in real estate, you’re going to be filling out and receiving dozens of real estate documents. Keeping these documents safe, available, and organized is imperative if you want to continue making good investment decisions and ensure that your legal ownership and legal rights are protected.