Top 10 Mistakes Real Estate Investors Make Brandon Turner VP @ BP - PowerPoint PPT Presentation


 5.) Hire the Wrong Contractor “If you think hiring professionals is expensive, try hiring amateurs” 
 - Anonymous

6.) Buying a Property Because It’s “Cheap”

6.) Buying a Property Because It’s “Cheap” The Problem: 


6.) Buying a Property Because It’s “Cheap” The Problem: 
 • They Think Cheap = Good Deal

6.) Buying a Property Because It’s “Cheap” The Problem: 
 • They Think Cheap = Good Deal • Detroit! :)

6.) Buying a Property Because It’s “Cheap” The Problem: 
 • They Think Cheap = Good Deal • Detroit! :) • The Hell House

6.) Buying a Property Because It’s “Cheap” The Solution: 


6.) Buying a Property Because It’s “Cheap” The Solution: 
 • Location Matters

6.) Buying a Property Because It’s “Cheap” The Solution: 
 • Location Matters • Ask “Why is it cheap?” What does the price say about the neighborhood, property condition,etc.

6.) Buying a Property Because It’s “Cheap” The Solution: 
 • Location Matters • Ask “Why is it cheap?” What does the price say about the neighborhood, property condition,etc. • Buy for value, not just price.


 6.) Buying a Property Because It’s “Cheap” "Focus less on the price today and more on the cost over the next decade. ” 
 - Zig Ziglar

7.) Let Lack of Money Stop Them

7.) Let Lack of Money Stop Them The Problem: 


7.) Let Lack of Money Stop Them The Problem: 
 • “I can’t afford it.”

7.) Let Lack of Money Stop Them The Problem: 
 • “I can’t afford it.” • They shut off their brain

7.) Let Lack of Money Stop Them The Problem: 
 • “I can’t afford it.” • They shut off their brain • Turn on the TV

7.) Let Lack of Money Stop Them The Solution: 


7.) Let Lack of Money Stop Them The Solution: 
 • Change your “I can’t” to a question: “How can I?”

7.) Let Lack of Money Stop Them The Solution: 
 • Change your “I can’t” to a question: “How can I?” • Think creatively

7.) Let Lack of Money Stop Them The Solution: 
 • Change your “I can’t” to a question: “How can I?” • Think creatively • Partnerships, low-down loans, house hacking, hard money loans, etc.

7.) Let Lack of Money Stop Them The Solution: 
 • Change your “I can’t” to a question: “How can I?” • Think creatively • Partnerships, low-down loans, house hacking, hard money loans, etc. • The Book on Investing in Real Estate with No (and Low) Money Down…


 7.) Let Lack of Money Stop Them “Think left and think right and think low and think high. Oh, the thinks you can think up if only you try” 
 – Dr. Seuss