What common pitfalls are overlooked by 1st time investors?

[Mikey Maher]

Hey everybody!

This is my first post here on BP. I've been listening to the podcast for about a month now and have given myself 6 months to close on my first property. I am 23 years old, and would love to learn from all of you and any tips/experiences you'd be willing to share.

I'm currently working in the Silicon Valley and plan to purchase in Austin, TX. What pitfalls do you notice 1st time real estate investors getting into? Is there any advice you wish you had known prior to buying your first property? If so, what is it and why? Would love to hear from you!

Cheers,

Mikey