Real Estate Investing: 3 Mistakes I'd Warn Every New Investor About
Investing in real estate isn't for the faint of heart. There are risks associated with owning properties that it's important to be aware of. If you're savvy about building a portfolio, however, you can minimize those risks. But that generally means steering clear of the following blunders.
Flipping houses can be a quick way to make money -- but only if you're very careful. It's easy to underestimate your renovation costs when embarking on a house flipping mission, so if you're going to go the fix and flip route, make sure to run your numbers thoroughly.
At the same time, be sure to give yourself plenty of wiggle room to make a profit. In fact, one big mistake you might make if you're new to flipping houses is overpaying for a home in disarray.
Source Fool.com
