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January 9, 2019By Paula Pant

7 Expensive Rental Property Investing Mistakes to Avoid

My readers and podcast listeners regularly reach out to me to say that they’re afraid to invest in rental properties because they don’t want to put their life savings at risk on a deal.

I get that – but, if you approach real estate investing the right way (with risk management in mind), then you can save yourself a lot of money and trouble, and reap the benefits.

After 7 years of being a landlord, I wanted to share some of the common (and expensive!) mistakes I’ve seen other rental investors make, and how to avoid them. So if you’ve been considering rental property investing, this is a must-watch.

Here’s what this video covers:

  • Mistake #1: Relying on appreciation
  • Mistake #2: Over-leveraging
  • Mistake #3: Using the wrong formulas
  • Mistake #4: Using magical BS accounting
  • Mistake #5: Not having a strategy
  • Mistake #6: Being unclear on whether you’re buying a personal property or investment property
  • Mistake #7: Listening to the wrong people

I hope you find these lessons helpful, and if you’re interested in rental properties, sign up for our FREE 7-day email series for more info: https://affordanything.com/viplist

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Posted in: TVTagged in: real estate

4 Comments
Leave a Comment
  1. Jennifer Harper

    # March 17, 2019 at 10:45 pm

    I pretty much just discovered your blog and I like it very much, this article is very useful, I’ll share it on our Facebook page, thanks

    Reply ↓
  2. Libeandoo

    # May 13, 2019 at 3:14 pm

    hey, thanks for sharing the info, was looking for something related for a while

    Reply ↓
  3. Sophia Jeffrey

    # June 14, 2019 at 4:32 pm

    I like the cats wandering around the background!

    Reply ↓
  4. Tyler Johnson

    # June 3, 2020 at 11:35 am

    That’s a good idea to make sure that you have a strategy going in. I feel like having a good strategy could help you to know what decisions to make when you have a tricky situation arise. I’ll make sure to plan ahead of time if I get an investment property.

    Reply ↓

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