Mistakes to Avoid When Investing in Real Estate

Mistakes to Avoid When Investing in Real Estate

Even smart investors make mistakes. Here are three common mistakes and what you should do instead:

• Not Doing Your Homework. Evaluate your financial situation and understand the right numbers to calculate. Learn the basics about cash flow, appreciation, and loan amortization.
• Not finding the right property. Do a thorough search, including “off MLS” deals and best buys, to find the right property for you. Work with a REALTOR® who is an Investor Specialist. He or she can help find a good investment property.
• Failing to get a professional inspection. You need to know if there have been problems with the property and that they’ve been properly addressed.

To learn more about owning investment property, get our Free Consumer Report called “How To Avoid 8 Mistakes Even Smart Investors Make.” Email us at [email protected] and we’ll gladly send a copy to you.

About the Author

Brandon Lau grew up in Kailua and currently resides in Honolulu with his wife Andee and children Caylah, Elijah, and David. His eighteen years in real estate led him to become a Partner at ChaneyBrooks Choice Advisors. Over the past 10 years he has developed the team and systems that has created a high level of service and value for his clients.

What differentiates Brandon and his team is his consultative approach to real estate. He advises clients with relevant data and expert insight to help them make the best choices in real estate. Good choices in planning for long term dispositions, negotiating for the best price or knowing when not to pursue an investment are ways his consultative services will give you an advantage in the marketplace. His bottom line is providing service with the utmost integrity and expertise.