The To[ 10 Signs Someone’s New To RealEstate

[Don Konipol]

The Top 10 Signs Someone’s New To Real Estate Investing

1. They think every other deal they come across is priced $50,000 below market value

2. They have no idea real estate prices go down as well as up

3. They believe hard money lenders lend down payment money

4. They believe that someone with knowledge, experience and capital would be interested in partnering with them, of course on a 50/50 basis.

5. They don’t understand that their 580 credit score will severely limit their options

6. They think the real estate reality TV stars have the answers

7. They believe formal education is a waste of time but watching YouTube infomercials put together by a real estate marketing company out of Salt Lake City will make them rich

8. They try to save $250 on an attorney by preparing their own deed

9. They have no understanding of compound interest, time value of money, return on investment, cap rate, or anything involving math of any sort

10. They think “whole selling” is investing.