Eliminate debt, establish a budget, and save.

Big mistake.

Biggest mistake I see is going to vacation and then half of the 45 day ID period days are gone or an investor looking for a (deal of the century and not being realistic).

Then he admitted his biggest mistake was not holding properties, so I asked why.

Keep it straightforward at first, but know that experience is the best teacher—mistakes are part of the process and will help you learn.For ARV (After Repair Value), start by running comps (comparable sales) on recently sold properties in the area that are similar in size, style, and condition to your planned rehab.

They might be able to tell you why and help you move it up the search results for a while to help.I agree that lowering the pricing could be a mistake.

If they don't know where they are going, no matter what else you talk about, you aren't buying that house unless you can solve the problem of where they are going.The most colossal mistake in all off-market acquisition is that people use the same dumb scripts for all sellers and they almost always talk about a cash offer.

I chose Chase because they had a lower rate than the local lender I talked to in Alaska but now I can see that was a big mistake.

@Roy Lam you made an honest mistake with the garage.

Investors must understand the direction of the market before investing, which is a mistake a lot of new investors make.