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

If I were in your shoes, I’d consider a few key factors before diving in:1.Risk Tolerance:Ask yourself, “If the worst-case scenario happened and I lost this money, could I recover?”

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

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

The FED almost lost its credibility by keeping interest too low for too long and is probably not gonna make that mistake ever again.

Auctions are quite possibly the worst place to buy if you want to avoid repairs.

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

Many make the mistake of focusing solely on the acquisition and think that is the key to success but the post-acquisition part of being an investor is equally as important and it is NOT intuitive, especially in Philly.

I don't have any pending legal issues at the moment, but I've been thinking I should find a lawyer that I can go to for questions, to review documents, leases, etc so that I can have confidence that I'm not making any silly mistakes that will get me into trouble later on.

Quote from @Abass Aden: What are the most common mistakes new house flippers make, and how can they avoid them?