As an aspiring real estate investor, avoiding common mistakes is key to your success.

Here are the key considerations:Pros:Potential for Profit - Through the value add component you can increase profitability on your return, typically you're buying distressed homes with built in equity, rehabbing and increasing your equitable position furthermore. 

We've been purchasing from land flippers, so some of those wouldn't be concerns for these particular transactions, but definitely as we move up in the note investing world and start purchasing notes for actual houses, all that makes sense.

Hi ST King and Alana,We rent out our primary residence on both a short and mid-term basis in St Augustine as we have moved overseas. 

The main floor tenant just moved out so the building is vacant.

I'll need to make some renovations like finish my basement so I can make use of that as well and move laundry to a more central and convenient spot so it can be shared.

Highly recommend, a must for new investors looking to develop systems and invest long distance.Today’s Interest Rate: 7.28%(☝️ .21%, from this time last week, 30-yr mortgage)Mortgage rates are up significantly this week, following a move in the spread between 10-yr Treasury and 30-yr mortgage rates.

I also have credit cards that I can turn into cash, but the interest rate is an issue.I just don't know what the right move is to get that cash and keep that rate.Am I missing any other strategies or ways I can gain that capital at a cheaper rate? 

I was living in SLO, CA and moved to the Reno Tahoe area because it was more affordable and still had the CA outdoor lifestyle.

In situations like these, I tend to see more cash for keys.