7 Mistakes New Investors Make
Everyone of them is avoidable.
Most people who lose money early do not lose it because they were not smart enough. They lose it because nobody warned them about a handful of things.
I made my own mistakes starting out, back when there was not much good information to find. Now there is too much of it, and every voice is pushing a different direction, which leaves no room to think about your own situation.
So, here are the seven I see most, and what to do about each one.
What’s inside
Seven mistakes, with the fix for each. Here are three of them.
- Deciding the strategy before looking at the deal. Hearing that rentals are the way, or flipping is the way, then measuring every house against a plan you picked in advance.
- Not knowing what kind of deal you are looking at. A rehab, a flip, and a wholesale can look the same from the street. I made this one in 2003 and left a lot of money on the table.
- Deciding before you run the numbers. Falling for the house, or getting excited about the exit, and then adjusting the numbers to fit the decision.
Plain words. A few minutes to read.
What this does for you
- See the mistake coming before it costs you.
- Feel steadier walking into your first deal.
- Stop chasing a one size fits all answer that does not fit your situation.
I’m Jacque. I have been investing in real estate since 2003, and I retired in 2022, but still invest today. I did not start with money or inside help, and I figured most of it out alone or the hard way. Wholesaling, rehabbing, flipping, holding, and financing. I came back to teach the blueprint I wish someone had handed me 23+ years ago.
P.S. Over the next couple of weeks I will send you a few short emails on how I evaluate properties, and on how the deal itself points you toward the right strategy.
