Make sure you read part 1 of the Top 10 Mistakes to Avoid in Real Estate Investing to find out the first 5 mistakes to avoid.
Again, these are listed in no particular order of importance because they are all equally important:
6. Negative cash flow. I’ve never met a single real estate investor in my life that said “I wish I did not have so much positive cash-flow coming in from my real estate investments.” However, I have met countless investors that purchased property with negative cash flows in hopes that the appreciation would counterbalance this negative, only to end up walking away from the property because they simply couldn’t afford it any more. [Read more…]