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Investing in Real Estate with Clayton Morris | Investing for Beginners

1066: Watch Out for These Red Flags When Investing - Episode 1066

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

How To, News, Education, Business News, Business, Investing

4.41.1K Ratings

🗓️ 4 July 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Investing in real estate is the number one way to build wealth. However, if you don’t put the right fundamentals in place, it can also be the source of a lot of headaches and financial stress.

There isn't a wrong way to invest because every mistake can serve as an important lesson. But if you can learn from the investors who have gone before you, you can save a lot of time and money when you're getting started. On this episode of Investing in Real Estate, you're going to learn five investing red flags to avoid.

Transcript

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0:00.0

Red Flag Warning,

0:07.0

Watch out for these red flags when making a real estate investment.

0:11.0

Investing in real estate is the number one way to build wealth.

0:14.0

But if you don't put the right fundamentals in place, it can also be the source of a lot of headaches and financial stress,

0:20.0

things that I've learned hard over the years and perfected,

0:23.8

but it takes a lot to learn these things.

0:25.9

I don't necessarily believe

0:27.4

that there's a wrong way to invest

0:29.2

because every mistake can serve

0:31.0

as an important lesson in life.

0:32.4

We only grow in our lives through

0:34.7

challenges, right? That's why we're put on this earth is to grow through

0:38.2

discomfort, grow through challenges, but never discount the value in learning

0:42.4

from those, right, that have gone before you.

0:45.0

That's how we can mitigate and maybe lessen the challenges in your life, right?

0:49.0

That's why we read books, that's why we study.

0:51.0

You can save yourself a lot of time, money, and heartache if you buy right when you're getting started.

0:57.0

Buy right. I'm happy to share some bumps in the road I've witnessed or personally experienced along the way. So today I'm going to share five red flags to avoid

1:06.2

when you're buying rental real estate. Number one, buying a rental property above the appraised value.

1:13.0

Don't do it.

1:14.0

I've heard so many investors over the last year specifically

1:18.0

that have purchased rental properties above the appraised value.

...

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