Buyer Beware: Avoiding the Slips and Spills of Real Estate

ROI Wealth Watch

Mistakes are a part of life. No matter how skilled you are as an investor, you're going to mess up every once in a while. Still, those mistakes don't have to cost you an arm and a leg. That is, so long as you're smart. Today, Tom and Jared cover the five most common mistakes and what you can do to avoid them.

"You learn more from your mistakes than from doing them effectively and right the first time. However, I much prefer to learn from others' mistakes." -Jared Garfield

In This Episode of ROI Wealth Watch:

• How to identify the best timing in market cycles
• Paying too much vs. paying too little for a property
• What to inspect before buying a new property
• The most important things to look for in property management

Wealth Watch Words of Wisdom:

1. Be aware of market cycles and get advice from a trusted advisor if you are not sure.
2. After choosing a market, spend time getting to know something about the neighborhoods and demographics.
3. Don’t skip important due diligence steps. They give you peace of mind and protection
4. Be absolutely confident in your property manager.
5. Know your investment model and make plans and take action to follow it.

Links Mentioned

https://www.facebook.com/groups/roiwealthwatch/

Help Others Buy Real Estate in the Right Markets at the Right Times!

Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!

And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.