Real Estate Investment Mistakes Part III
Did you know that the lack of plan is the biggest mistake new investors make? An Atlanta investor named Andy Heller can testify to that. New Investors usually buy a house because they think they got a new deal before they try to figure out what to do with it and this method doesn’t really work the way you want it to be.
“First, you find the plan,” he says. “Then you find the house to fit the plan. Pick your investment model, and then go find property to match that. Don’t find the strategy after you find the home.”
The problem with most people is that they look at real estate as a transaction instead of an investment strategy.