Thursday Q & A - Your Maryland Real Estate Investing Questions Answered
Q: What are the most common mistakes you see novice Investors make?
A: The list that we're talking about looks like this:
- Falling in love with the property
- Always using the best case scenario
- Not performing solid due diligence
- Not planning
- Forgetting to consider how this deal helps your other financial objectives (the big picture)
I've talked about falling in love, using the best case scenario, not performing due diligence and not planning. Now it's time to talk about your financial objectives. Your goals. The Big Picture. If you've been reading this series, you know I've talked about it here and here, and I'm going to talk about it again HERE.
Again?
Yes.
Why?
Because -
In the grand scheme of things, if you're not going to meet your main goal and objectives, then what is the point of entering into what could be a costly Real Estate transaction?
Know your goal.
Clients always ask me: Are you on the web?
See for yourself.
Tim McIntyre, GRI, Ellicott City Realtor, Catonsville Realtor
Helping Clients Buy, Sell and Invest in
Howard County, Carroll County and Baltimore County
for more than 25 years.
tmcintyre@cbmove.com 410-480-3555
www.timsellshomes.com
I see many investors that do not have an exit plan. Great post today
Very true. An investment is there to help you aquire wealth.
I hope those interested really consider what we are talking about. I hate meeting with investors only to hear of what they should have done not that a project was a success.