The world is going through some major changes and with change comes potential turmoil and opportunity. I want to share this piece with you, because for that off chance it may help you when you read this if you are having a challenging point in your life.
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There’s lots of information about all the attributes of real estate investing on the internet, but I believe every investor also benefits from understanding the most common real estate investor mistakes and how to avoid them. To help you, in this article, I’m going to share the ten of the most common mistakes that I have seen property investors make, as well as, some tips on how you can avoid or overcome these mistakes and succeed with your real estate investing:
How do you win with tenants and property management to be a successful landlord? It seems to be an obvious question, but what I have found is there are many moving parts to this answer and the devil is always in the details. Why are tenants and property management such critical factors in rental real estate? They are critical factors as they play such an integral role in investment real estate, and in my experience not everything goes according to plan. That even goes for those strategies that may not include the idea of renting out a property.
As 2016 comes to a close, I’m taking the time to reflect on the life lessons I’ve learned or relearned in these past 12 months and appreciate the perspective I’ve gained in order to plan for the coming year and the future. I like to use the analogy of stepping out of the river flow and getting up on the bank to gain perspective.
Understanding how to capitalize on real estate cycles will help you reap the rewards of real estate investing and avoid risk. Learning about the components of a real estate cycle is fundamental to successfully investing in real estate. The real estate cycle is usually a long term phenomenon. While it’s difficult to predict precisely in the short term, it’s important to remember that it is a cycle with definite phases.