10 Deadly Mistakes Real Estate Investors Make with Brandon and David

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 29 May 2020

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

After yesterday's deep dive interview discussing 2 disastrous flip projects, we have a solo show for you today. And the title says it all, really. Brandon and David boiled down nearly 400 podcast episodes, countless forum threads, books, and real-life conversations, and their own missteps and now present: the Top 10 Ways Real Estate Investors Lose Money. These aren't the only ways to go wrong in this business, but at some point you're in danger of falling into at least one of these traps. So, what did we miss? Let us know in the forums, the comments section on our show notes, or in the Official BiggerPockets Facebook Group. And be sure to subscribe to the BiggerPockets Real Estate Podcast so you won't miss an episode. In This Episode We Cover: Focus vs. spreading yourself too thin The #1 way to lose money that you haven't thought of Managing the people who manage your asset What David calls "Spreadsheet magic" Investing in areas with diverse employment Over-renovating after watching too much HGTV Inheriting tenants from a seller Evaluating real estate agents The myth of "more money down = more safety" And SO much more! Links from the Show BiggerPockets Forums Contractor Bid Form BiggerPockets Podcast 287: Putting Together Real Estate Deals Using Creativity Instead of Cash with Shiloh Lundahl BiggerPockets Calculators Be a guest on the podcast Joe Rogan Podcast Check the full show notes here: http://biggerpockets.com/show384-5 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is a bigger pockets podcast so 384 part 2
0:05.4	So the number one biggest way people lose money is by not doing anything by just taking like no action ever and living the life that they've always lived just because that's easy and they can just get up and live reactively.
0:15.5	So my advice for people is to be like don't look at this stuff as fear-based, but look at this is how can I use this to arise to a new level?
0:22.3	You're listening to Bigger Pockets Radio,
0:25.4	Simplifying real estate for investors large and small.
0:29.0	If you're here looking to learn about real estate investing,
0:32.0	without all the height, you're in the right place.
0:35.0	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.
0:41.0	Your home for real estate investing online.
0:44.0	What is going on everyone?
0:46.0	This is the BiggerPockets podcast here with your host, Brandon Turner,
0:50.0	with my co-host, Mr David Green.
0:52.0	What's up David Green?
0:53.0	How you doing, man?
0:54.0	I'm amazing.
0:55.0	We're talking real estate.
0:56.0	What can be better than this?
0:58.0	I got, uh, it's springtime.
1:00.0	This is pretty much the time when the real estate market heats up the most and people keep talking
1:03.2	about this recession that we're supposed to have and man my phone is blowing up every day it is awesome
1:08.1	with people that want to sell their house and want to buy a house so yeah you know from
1:11.9	where I'm standing I would, I'm not preparing for a recession.
	...

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