Tuesday, August 6, 2013

[Real Estate Corner] Mistakes to avoid when investing

Q.  What are some mistakes I should avoid when I invest in real estate?

A.  Even smart investors make mistakes.   Here are three common mistakes and what you should do instead:

·    Not Doing Your Homework.  Evaluate your financial situation and understand the right numbers to calculate.  Learn the basics about cash flow, appreciation, and loan amortization. 
·    Not finding the right property.  Do a thorough search, including “off MLS” deals and best buys, to find the right property for you.  Work with a REALTOR® who is an Investor Specialist.  He or she can help find a  good investment property.  
·    Failing to get a professional inspection.  You need to know if there have been problems with the property and that they’ve been properly addressed.

To learn more about owning investment property, call and ask for my Free Consumer Report called “How To Avoid 8 Dumb Mistakes Even Smart Investors Make.”  I’ll be glad to send a copy right to you.

Do you have a real estate question you want answered?  Feel free to call/text me at (402) 881-0758 or email me at dan.nord58@gmail.com.  

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