I encourage those around me to strike out and invest. But investing in real estate usually involves large amounts of money and shouldn't be done lightly.
Not having specific investment boundaries, borrowing more than 80 percent of the property cost and poor cash flow management are just a few of the mistakes investors make.
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Real estate is a thriving business, which is why I encourage my surroundings to strike out and invest. However, investing in real estate usually involves large amounts of money, and it shouldn’t be done lightly.
Eleanor Roosevelt once said, “Learn from the mistakes of others. You can’t live long enough to make them all yourself.”
I made this list to expose those minute details that investors might miss if left uninformed. These points are from personal experience, as well as the many investors I have worked with.
Here are the 10 mistakes to avoid when investing in real estate:
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Omri Barzilay is the CEO at Propcy. You can follow him on his blog or Twitter.
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