You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

.: What does the surge in 2024 of newbies (inexperienced & making mistakes) doing creative financing purchases, mean for 2025?

But because an HOA made the mistake and the county operated a crooked auction the purchase will just get back what they bid, $6600.  

If you’re using all cash you can afford to make mistakes with underwriting, or during renovations.

The biggest mistake I see out of state investors make is relying on others too much for direction and guidance instead of doing their own due diligence and building their own team that they actually meet and interviewRelying on one person who alleges that they have a 'team' built already that you can use as well can be a costly mistake.

I made more mistakes on my first investment than I can count.

Second biggest mistake is failing to realize these construction loans allow draws on improvements meaning cash expenditures are required before the first draw can be issued.

@Paola AstridRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Simple mistakes can be very costly.