7 Biggest Mistakes New Real Estate Investors Make

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Real estate investing can be an excellent path to building and growing wealth over the long term. However, unfortunately, many people who are brand-new to real estate investing make a number of big mistakes. These mistakes can cause serious financial problems and they are better off being avoided.

In this video, tax expert Karlton Dennis explains some of the top mistakes that beginner real estate investors make. Anyone who wants to get started with real estate investing should avoid making these mistakes. Knowing the key mistakes before you get started with real estate investing can save you a lot of trouble.

If you are someone who wants to learn how to invest in real estate or how to buy your first rental property without making tons of problematic mistakes, then this video can be highly beneficial for you. Karlton also answers a question from a subscriber that you don’t want to miss. This is a great video for new real estate investors to watch.

CHAPTERS:
0:00 Intro
0:18 Mistake #1: Buying Property in the Wrong Location
1:28 Mistake #2: Failing to Understand the Condition of the Property
2:27 Mistake #3: Accepting the Very First Tenant Application
3:46 Mistake #4: Failing to Optimize Tax Benefits
6:25 Mistake #5: Getting the Wrong Type of Loan
7:56 Mistake #6: Not Starting Small
9:06 Mistake #7: Buying Cashflow Negative Properties
10:23 Subscriber Question!
11:31 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

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