Ep #25: The 31 most costly mistakes investors make and how to avoid them – Part 3
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.8 • 679 Ratings
🗓️ 15 June 2014
⏱️ 19 minutes
🧾️ Download transcript
Summary
In the final part of our 3 part series we will end the show with the final 11 most costly mistakes and how to avoid them.
In this show you’re going to learn:
· How to determine what a “good deal” means to you
· Why it is imperative that you learn how to properly evaluate deals
· How to avoid falling victim to a HOTT real estate market
· Tips on accurately estimating your holding costs, repairs, financing costs, etc.
· Why you can’t get rich treating your RE business like a hobby
· Why it’s a terrible idea to take advice from friends and family who aren’t in the business
· And much more…
Transcript
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| 0:00.0 | You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it. |
| 0:09.2 | But you're tired of all the so-called gurus who are all talk and no substance. |
| 0:15.3 | Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen. |
| 0:21.8 | This is the Real Estate Investing for Cash Flow podcast. |
| 0:25.3 | Now, here's Kevin Bup. |
| 0:30.1 | Hey guys, Kevin Bup here with episode number 25 of the Real Estate Investing for Cashflow |
| 0:35.1 | podcast, where a mission is to help you build and maintain |
| 0:38.0 | massive amounts of cash flow through income-producing real estate investments. |
| 0:42.3 | If you're new to the show, I want to welcome and thank you for joining us. |
| 0:45.9 | And if you are one of our loyal listeners who's been with us for quite some time |
| 0:50.0 | and been learning a ton from our podcast episodes, |
| 0:52.8 | I want to thank you for joining us and for your dedication to becoming a better real estate investor |
| 0:57.4 | and becoming a bigger part of our community. |
| 1:00.8 | Today is the final part of our three-part series, which is called the 31 most costly mistakes |
| 1:06.9 | real estate investors can make and how to avoid them. |
| 1:10.5 | And as I mentioned before, this three-part series really stemmed from a variety of questions |
| 1:15.2 | that I had been receiving over the past few months from our listeners. |
| 1:18.7 | And I really thought this would be the best way to address all those questions and put |
| 1:22.1 | it into a format where everyone can learn from the answers. |
| 1:25.8 | And I hope you guys have enjoyed the first two parts so far, |
| 1:28.9 | the series, and have found benefits that you can put in place in your business immediately. |
| 1:36.0 | So let's go ahead and get on with the third part of the series here. Number 21 is not properly |
... |
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