.✔ Avoid Surprises – Owners expect clarity on additional charges.

And finally, What are some common mistakes new real estate investors make, and how can I avoid them?

Conservative financing: Avoid over-leveraging yourself.

I want to avoid the hassle of moving the property to LLC later.

Avoid undercharging and cutting into your profits.

Cash out would take me from a 7.25% rate to 8%, which is a few hundred dollars per month, and they will likely make me wait all through March to do the cash out to meet seasoning which is another $2400 interest payment I could avoid if we could refi by the end of this month.

Activities that deal with electrical or plumbing should be outsourced to avoid more expensive issues unless you have some prior experience with the simpler repairs in each.

I guess it is all about the numbers and the information available to avoid the unforeseen as possible.

If the market shifts unexpectedly, it’s vital to know your options and avoid over-leveraging.

I actually have a partner so we were really trying to avoid putting anything in personal names so LLC was a big sticking point for us.