Friday, February 6, 2009

Top Mistakes When Investing in Real Estate

By David Norton

Real Estate Investors 10 Big Mistakes

Don't expect to get rich in a hurry, no matter what they say on TV infomercials, and don't let the dog eat your homework. Those are among the common goofs of novice investors.

Once the real-estate market starts to rebound, investing in property will become a more appealing idea -- either as a career or a great side job. Like any other endeavor, though, there's a right way and a wrong way to go about it.
Bankrate spoke with established, full-time real-estate investors and with professionals, such as bankers, to identify the 10 types of traps into which real-estate investors most often fall.

Click here to read the 10 Big Mistakes

1 comment:

  1. The greatest problem is when an invester relies on rental income for repairs, mortgage, and taxes. Often tenants get in financial trouble or move without someone availaable for a long duration. You need liquid assets to take you through the lean times. This is from experience.