ebook proof read april 27

10 Costly Mistakes to Avoid as a New Real Estate Investor
Mistake # 2
Paying Too Much for a Property
It’s not uncommon for new real estate investors to find themselves in a
bidding war over a property. And while it may appear an innocent move (after
all, the lucky bidder gets the property!) there can be dangerous downstream
affects. Don’t be tempted to pay a premium price on a real estate investment,
it’s good to keep the real estate buying adage in mind, “You don’t make
money in real estate when you sell, you make money when you buy!”
When buying a property, it’s very easy to get caught up in the emotion and
forget about the investment numbers. Especially If you’re buying a property
you plan to hold onto for the long term – say 15 to 20 years, then overpaying
can make sense if you’re sure it’s the right property in the right area and for
the right purpose.
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10 Costly Mistakes to Avoid as a New Real Estate Investor