👀 Mistakes to Avoid During Property Tours

[Jorge Abreu]

As an aspiring real estate investor, avoiding common mistakes is key to your success. I’ve been there, and I want to share insights that can save you from costly errors.

During property tours, ask smart and relevant questions. Don’t waste time on questions you already have answers to. Instead, focus on gathering new information that will help you make informed decisions.

Pay close attention to the seller's body language and tone. These non-verbal cues can reveal a lot about their intentions and the property itself. It’s like being a detective, picking up on details that numbers alone don’t show.

Take photos and videos during your property tours. These visual records are essential for later analysis and comparison. Capture the property, the surrounding area, and any notable features. I provide my clients with a checklist of essential photos to take, which ensures nothing important is missed.

Use checklists and capex estimators to stay organized and thorough. A checklist helps you cover all necessary details, while a capex estimator helps you evaluate potential repair and maintenance costs. These tools streamline your analysis and improve your due diligence.

Finally, build relationships with sellers, property managers, and agents. Establishing rapport during property tours can lead to valuable insights and hidden opportunities. Sometimes, the most honest answers come from people who have no stake in whether you buy the property or not.

Good luck! 🙌