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Real Estate Investing: Don’t Get KO’d By These 3 Career Killers

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on Thursday, 21 May 2015
BestTransactionFunding

These three pitfalls can derail investors fast…

As the US real estate market keeps marching up newer investors appear to be on the verge of falling into many of the same traps that caught their predecessors off guard. It doesn’t matter how much money you are making right now, and how rosy the outlook is. It can all come crashing down if real estate investors don’t stay on point. Few can fathom just how ugly it can get, unless they’ve already been there. But it is certainly better to learn from others’ mistakes than to repeat them yourself.

A search of online real estate forums shows investors making these blunders:

  1. Real estate and mortgage fraud
  2. Investing for negative cash flow and speculation
  3. Forgetting there is more to investing and life than just the money

Investors are openly debating committing mortgage fraud in some popular online forums. They might as well just turn themselves into the FBI now. Others are floating the idea of investing hundreds of thousands of dollars or leveraging themselves to the max to buy money pits that have negative cash flow.

Find out if Wholesaling is Legal Here and if Wholesaling Houses is Ethical Here

For most investing in real estate is about making more money. Everyone needs money to live today. There is even scientific data that shows that more money can make you happier (to a certain point). But when more money becomes the only goal, then it is a slippery slope where the perceived end always justifies the means.

Check out: How much money you need to be happy

The even more valuable and happiness advantage that comes from wholesaling houses

Read: How to get the most happiness for your buck

The Solutions

  • Stay focused on your ultimate goals daily
  • Refuse to falter from sound investment principles
  • Look for where deals do make sense rather than sacrificing to invest locally
  • Have an investment system which automatically keeps you in check

There are billions of dollars in real estate deals across the US. For some that might mean investing out of area, or out of state investing. Wholesaling houses and using transactional funding is a great way to always make your money when you buy, and lowering risk.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding and hard money loans for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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