5 investing mistakes I made so you don’t have to
I’ve been investing in real estate for over 15 years, and I’ve learned A LOT of lessons along the way.
But there are FIVE INVESTING MISTAKES that I could have avoided if I had only known better.🤦🏻♀️
Today, I’m sharing them with you so that they don’t hold you back from reaching your goals.
1. Under-improving properties. We tried to save money, but it ended up costing us later in both time and money.
👉 LESSON — Do a proper remodel. Never cut corners even if you think you can.
2. Paying for inspections prior to anyone seeing inside. We lost over $30k in inspection fees before ever seeing the condition.
👉 LESSON — Always have someone get into units prior to paying for inspections.
3. Flipping vs holding. We’ve missed out on over $3M worth of equity accumulating by flipping versus holding.
👉 LESSON — Buy and hold! Earn tax-free income through cash-out refinances or scale up using 1031 exchanges.
4. Playing small for too long. We purchased our first commercial property in 2018. That’s 11 years after we started investing!
👉 LESSON — Think bigger, surround yourself with people who are living a big life and doing big things
5. Trying to time the market. Multiple times I thought the market would crash and sold properties sooner than I should have, and regretted doing so.
👉 LESSON — Time IN the market is a far better strategy than timing the market.
Want more of where this came from?
These are just some of the hacks I teach the members inside the Inner Circle.
Leverage the power of ambitious, ready-to-scale investors and become part of our community today.
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