Real estate tips and tricks from Armando Montelongo
Special Report: 12 Keys to Successful Real Estate Investing
Every real estate investor makes mistakes. It’s the nature of the business. I once made a $60,000 mistake, when $60,000 was an awful lot of money for me to lose.
(Seriously; $60,000 is a lot of money ALWAYS, whether won or lost. Money responds to those who respect it, but that’s a subject for another report.)
But worrying about mistakes is not the way to avoid them. You have to understand that the most important thing is to learn from them. It’s like a bear that gets caught in a trap – he should only get caught once.
There are some ways to keep yourself from making at least the most common mistakes. So to make your investing life a little easier, I have compiled “dirty dozen” list of those bear traps, and how to avoid them. It’s available by clicking below:
The Dirty Dozen: 12 Keys to Successful Real Estate Investing
After you download and read the report, share your thoughts in a comment below.
Will this help you avoid some common errors? What kind of advice would you offer fellow investors? What do you feel you are missing to succeed in today’s changing real estate market?
You are part of the solution in turning this economy around, and your success in real estate investing depends on your answers to these questions and any other unanswered questions you may have.
Great advice, not only for real estate investing/flipping but for all aspects of life.
Great advice and motivation for those that need it. My issue is that my reo agent is not sending me deals and I think he is keeping those for other investors. I may need to look for another reo agent but I believe there are only a few in my area. I did find a vacant duplex on my own that I went to the courthouse to obtain the info that I needed and I am in the process of sending out my letter to see if he is interested in selling. That is another thing, flipping multifamily properties cause I could acquire some of those but some have back taxes on them. Maybe if someone could give some advice on these deals. Also, I have no idea on how to find a mentor, investors around here keep to themslves and won’t help. I talked to another investor who owns about a million dollars in r/e and wouldn’t help at all. Thanks to Armondo for these forms of networking and learning topics.
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As always, great advice, Armando! Just attended the Cash Flow Vegas Bus Tour, and, wow, the knowledge I just picked up in three days…well, it’s powerful!!! Just need to be persistent in order to procure my first deal! Thanks for the inspiration! GINZU (Yes, I spell it with a ‘Z’).