Top 10 Mistakes Real Estate Investors Make
Brandon Turner
VP @ BP Twitter: @brandonatbp Get today’s worksheet at www.BiggerPockets.com/1021Worksheet
Top 10 Mistakes Real Estate Investors Make Brandon Turner VP @ BP - - PowerPoint PPT Presentation
Top 10 Mistakes Real Estate Investors Make Brandon Turner VP @ BP Twitter: @brandonatbp Get todays worksheet at www.BiggerPockets.com/1021Worksheet Thanks! (you rock!) Get todays worksheet at www.BiggerPockets.com/1021Worksheet What
Top 10 Mistakes Real Estate Investors Make
Brandon Turner
VP @ BP Twitter: @brandonatbp Get today’s worksheet at www.BiggerPockets.com/1021WorksheetThanks!
(you rock!)
Get today’s worksheet at www.BiggerPockets.com/1021WorksheetWhat We’ll Be Talking About Today:
Get today’s worksheet at www.BiggerPockets.com/1021WorksheetWhat We’ll Be Talking About Today:
What We’ll Be Talking About Today:
What We’ll Be Talking About Today:
What We’ll Be Talking About Today:
Mistakes
Get today’s worksheet at www.BiggerPockets.com/1021WorksheetWhat We’ll Be Talking About Today:
Mistakes
What We’ll Be Talking About Today:
Mistakes
What We’ll Be Talking About Today:
Mistakes
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About BiggerPockets
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About Me
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Investing in Real Estate with No (and Low) Money Down”
Brandon Turner
Investing in Real Estate with No (and Low) Money Down”
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Investing in Real Estate with No (and Low) Money Down”
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The Truth About Mistakes
Top 10 Mistakes Real Estate Investors Make
1.) Let Fear Stop Them
1.) Let Fear Stop Them
1.) Let Fear Stop Them
1.) Let Fear Stop Them
1.) Let Fear Stop Them
The Solution:
1.) Let Fear Stop Them
The Solution:
1.) Let Fear Stop Them
The Solution:
the 5 people you associate with the most.
1.) Let Fear Stop Them
The Solution:
the 5 people you associate with the most.
1.) Let Fear Stop Them
–Dale Carnegie“"Inaction breeds doubt and fear. Action breeds confidence and
fear, do not sit home and think about it. Go out and get busy.”
2.) They Don’t Learn Enough
2.) They Don’t Learn Enough
The Problem:
2.) They Don’t Learn Enough
The Problem:
are ready
2.) They Don’t Learn Enough
The Problem:
are ready
need to learn"
2.) They Don’t Learn Enough
The Problem:
are ready
need to learn"
have time.”
2.) They Don’t Learn Enough
2.) They Don’t Learn Enough
The Solution:
2.) They Don’t Learn Enough
The Solution:
2.) They Don’t Learn Enough
The Solution:
cooking, bathing, etc.
2.) They Don’t Learn Enough
The Solution:
cooking, bathing, etc.
Focus on the strategy you want to pursue.
2.) They Don’t Learn Enough
"The expectations of life depend upon diligence; the mechanic that would perfect his work must first sharpen his tools."
3.) Pay Tens of Thousands
3.) Pay Tens of Thousands
The Problem:
3.) Pay Tens of Thousands
The Problem:
Salesmen
3.) Pay Tens of Thousands
The Problem:
Salesmen
have used for deals
3.) Pay Tens of Thousands
The Problem:
Salesmen
have used for deals
3.) Pay Tens of Thousands
The Solution:
3.) Pay Tens of Thousands
The Solution:
for Free!
3.) Pay Tens of Thousands
The Solution:
for Free!
democratized!
3.) Pay Tens of Thousands
The Solution:
for Free!
democratized!
Books, Podcasts, Forums, Mentors, YouTube… BIGGERPOCKETS
3.) Pay Tens of Thousands
"Never confuse motion with action.”
4.) Try to Do It Alone
4.) Trying to Do It Alone
The Problem:
4.) Trying to Do It Alone
The Problem:
syndrome
4.) Trying to Do It Alone
The Problem:
syndrome
find help
4.) Trying to Do It Alone
The Problem:
syndrome
find help
they are trying to do everything
4.) Trying to Do It Alone
The Solution:
4.) Trying to Do It Alone
The Solution:
4.) Trying to Do It Alone
The Solution:
4.) Trying to Do It Alone
The Solution:
a hobby.
4.) Trying to Do It Alone
"Talent wins games, but teamwork and intelligence wins championships.”
5.) Hire the Wrong Contractor
5.) Hire the Wrong Contractor
The Problem:
5.) Hire the Wrong Contractor
The Problem:
5.) Hire the Wrong Contractor
The Problem:
finish on time
5.) Hire the Wrong Contractor
The Problem:
finish on time
5.) Hire the Wrong Contractor
The Solution:
5.) Hire the Wrong Contractor
The Solution:
contractor (this should not be an afterthought.)
5.) Hire the Wrong Contractor
The Solution:
contractor (this should not be an afterthought.)
RIGHT person
5.) Hire the Wrong Contractor
The Solution:
contractor (this should not be an afterthought.)
RIGHT person
prospective contractor
5.) Hire the Wrong Contractor
“If you think hiring professionals is expensive, try hiring amateurs”
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:
6.) Buying a Property Because It’s “Cheap”
The Problem:
6.) Buying a Property Because It’s “Cheap”
The Problem:
6.) Buying a Property Because It’s “Cheap”
The Solution:
6.) Buying a Property Because It’s “Cheap”
The Solution:
6.) Buying a Property Because It’s “Cheap”
The Solution:
does the price say about the neighborhood, property condition,etc.
6.) Buying a Property Because It’s “Cheap”
The Solution:
does the price say about the neighborhood, property condition,etc.
6.) Buying a Property Because It’s “Cheap”
"Focus less on the price today and more on the cost over the next decade.”
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:
7.) Let Lack of Money Stop Them
The Problem:
7.) Let Lack of Money Stop Them
The Problem:
7.) Let Lack of Money Stop Them
The Solution:
7.) Let Lack of Money Stop Them
The Solution:
“How can I?”
7.) Let Lack of Money Stop Them
The Solution:
“How can I?”
7.) Let Lack of Money Stop Them
The Solution:
“How can I?”
hacking, hard money loans, etc.
7.) Let Lack of Money Stop Them
The Solution:
“How can I?”
hacking, hard money loans, etc.
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
8.) They Don’t Give Back
8.) They Don’t Give Back
The Problem:
8.) They Don’t Give Back
The Problem:
8.) They Don’t Give Back
The Problem:
them down
8.) They Don’t Give Back
The Problem:
them down
them."
8.) They Don’t Give Back
The Solution:
8.) They Don’t Give Back
The Solution:
8.) They Don’t Give Back
The Solution:
welcome new members to BiggerPockets
8.) They Don’t Give Back
The Solution:
welcome new members to BiggerPockets
partners, money, etc this way.
8.) They Don’t Give Back
“You can have everything in life you want, if you will just help other people get what they want.”
9.) Don’t Analyze Deals at All
9.) Don’t Analyze Deals at All
The Solution:
time needed to fully understand the deal
9.) Don’t Analyze Deals at All
The Solution:
time needed to fully understand the deal
(sales document)
9.) Don’t Analyze Deals at All
The Solution:
time needed to fully understand the deal
(sales document)
9.) Don’t Analyze Deals at All
"I never dreamed about success, I worked for it.”
10.) Don’t Analyze Deals Correctly
10.) Don’t Analyze Deals Correctly
The Problem:
10.) Don’t Analyze Deals Correctly
The Problem:
income/expenses
10.) Don’t Analyze Deals Correctly
The Problem:
income/expenses
10.) Don’t Analyze Deals Correctly
The Problem:
income/expenses
which can throw all the numbers off.
10.) Don’t Analyze Deals Correctly
The Solution:
10.) Don’t Analyze Deals Correctly
The Solution:
10.) Don’t Analyze Deals Correctly
The Solution:
10.) Don’t Analyze Deals Correctly
The Solution:
10.) Don’t Analyze Deals Correctly
The Solution:
10.) Don’t Analyze Deals Correctly
“Without the right math going into a deal, you’ll never get the right profit coming out of it.”
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