Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

2,188
Posts
1,911
Votes
Wendell De Guzman
  • Investor
  • Chicago, IL
1,911
Votes |
2,188
Posts

If you can invent a time machine - what will you tell your younger self so you won't make that BIG real estate mistake

Wendell De Guzman
  • Investor
  • Chicago, IL
Posted

OK...this is NOT just because I am a sucker for time travel stories BUT...this forum thread will hopefully HELP both beginner and experienced investors alike. How? By openly sharing the mistakes that each of us have made - we can all avoid them and as a result - BP members will make more money as a community.

So here we go...

If you can build a time machine and you can talk to your younger self to warn YOU of that BIG real estate mistake you're about to make...what will your warning be like?

Here's what I would tell my younger self:

"Hey Wendell - do NOT buy a 36-unit building which is 100+ years old which is located in a war zone. You can buy it dirt cheap but there are properties that are not worth the piece of dirt they stand on."

What about you? What will you tell your younger self?

Most Popular Reply

User Stats

7,658
Posts
4,300
Votes
Roy N.
Pro Member
  • Rental Property Investor
  • Fredericton, New Brunswick
4,300
Votes |
7,658
Posts
Roy N.
Pro Member
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

Absolutely nothing!   The younger me would not listen anyway!!

  • Roy N.
  • Loading replies...