Oct 21, 2020
Real estate traps are sometimes laid out so well, even the most skilled may fall into them. Mistakes in real estate are costly and it's no play. In this episode, we discuss some of the common traps that you can avoid which will help you cut expenses and invest safely!
WHAT YOU’LL LEARN FROM THIS EPISODE
- When you buy single-family, always compare with similar properties.
- Always buy by looking at the present value and price or what it has done in the past, not it's future value.
- Risks that come with raising the rent.
- Why 100% occupancy isn't great.
- Different property values in different states.
- Why bidding wars are dangerous.
- How to deal with bidding wars.
- When you purchase by bidding it becomes an emotional purchase rather than a purchase based on numbers.
- Agent contracts and state forms are designed to protect the seller, the agent, and the broker, they are not designed to protect you.
RESOURCES FROM THIS EPISODE
Click here for the free quick start course "Get Deals By Tuesday" Masterclass.
CONNECT WITH US
- Email: marco@marcokozlowski.com
- Website: https://marcokozlowski.com
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