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10 Costly Mistakes to Avoid as a New Real Estate Investor<br />
In initiating your search, you will want to focus on a quality contractor.<br />
Essentially, a quality contractor is a person who is professional, competent,<br />
licensed, and insured. They will have also demonstrated that they have the<br />
skills and inclination to work within a given system to do the best and most<br />
efficient job possible. Again, a quality contractor in a good system can result<br />
in a profitable transaction. The second you stray from this criterion, you’re<br />
subjecting yourself to the possibility of lost profits and a slew of headaches.<br />
Pre-Screening and Meeting with Potential Contractors<br />
In the event you find yourself enamored with a contractor, it is time to<br />
conduct a pre-screening interview. As its name suggests, the pre-screening<br />
interview will merely confirm whether or not the contractor is the right fit for<br />
your subject property. It will also serve to support or deny your initial<br />
impression of the contractor. It is during this interview that you want to build<br />
a confidence that the contractor will respect you and the job.<br />
42<br />
10 Costly Mistakes to Avoid as a New Real Estate Investor
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