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All Forum Posts by: N/A N/A

N/A N/A has started 4 posts and replied 11 times.

Post: What was your biggest mistake investing?

N/A N/APosted
  • Posts 15
  • Votes 0

Here is a short list

1. lack of knowledge about rehab 4fam 135k needed about 10k in work.

2. lack of knowledge in management-fell for every story

3. Lack of knowledge of court system- In most states court holds rent in escrow. tenant cant claim any repair or avoid eviction until rent is secured by court.

4. Lack of knowledge of how to price-had equity didnt know what to do with it.

5. Almost forgot. Ivest your profits back into your house

The key to investing is knowing what youre getting into, and if you dont........ASK SOMEBODY WHO DOES! HAVE A TEAM!

Remember also this is a business! Just like any other business you have to protect your assets and strive for profit. If there is no profit. FIND SOME OR MOVE ON!
I learned my lesson the hard way.