BiggerPockets Real Estate Podcast - 5 Mistakes to Avoid When You Start Investing in Real Estate

Episode #970 Use the BiggerPockets Rental Property Calculator BEFORE You Buy: https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media Episode Show Notes: https://link.chtbl.com/BPRE Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Grab Dave’s New Book, “Start with Strategy”: https://store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch See Dave and Rob at BPCON2024 in Cancun! https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none 14 Mistakes New Investors Make: https://www.biggerpockets.com/blog/14-mistakes-new-investors-make-and-ways-to-sidestep-them?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave and Rob on BiggerPockets: Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none Before you start investing in real estate, make sure you hear this episode. Almost every beginner ends up making these five big real estate investing mistakes. Some cost money, some cost time, but all of them cost you peace of mind and push you further away from achieving financial freedom. We’re breaking down these five big mistakes so you can avoid them and start building wealth faster! Dave Meyer and Rob Abasolo are back today to discuss the five common real estate investing mistakes to avoid. From buying bad deals to doing wrong calculations, getting stuck in analysis paralysis, and beyond, even our expert investors have fallen into these beginner traps a few times. However, their previous mistakes could make you money as they share exactly how to avoid these rental property investing pitfalls. If you want to invest in real estate but are stuck, scared that you’ll make the wrong move, jump into today’s episode and take notes. If you can avoid these real estate investing mistakes, you’ll not only end up richer but with far less grey hair than even the most savvy investors. Let’s get into it! 00:00 Intro 01:25 1. Buying the Wrong Deal 05:57 How to Avoid Bad Deals 07:14 2. Analyzing Wrong 11:09 3. “Lacking” Money 23:23 How to Do Partnerships 25:49 4. Getting “Stuck” 29:01 Escaping Analysis Paralysis 31:12 5. Doom and Gloom 34:18 Talk to THESE People