Here’s what not to do…

I just wanted to share a few investor pitfalls with you so you can avoid making the same mistakes as other investors.

Never make assumptions

A common mistake that many investors make is assuming things about a deal. This can be a very costly trap to fall into. If you have doubts about anything then make some more enquiries.

NEVER feel silly about asking questions.

I can assure you you’ll feel much sillier if you find out later you could’ve saved yourself a lot of time, heartache or thousands of dollars by clarifying one small detail.

There’s no such thing as a ‘no risk’ investment

Always remember that in any real estate deal there will be associated risks.

It is important to educate yourself about the risks of an investment before you have to find out by making the mistakes yourself.

Learn from other investors, advisors and professionals. If you are willing to spend the money on educating yourself before you begin you will usually find areas where you would have made costly mistakes if you’d simply ‘jumped in’.

Don’t “take someone’s word for it”

Remember that if a deal turns sour and ends up in court, saying that the other party promised something means nothing if it’s not in writing.

Make sure that anything you’re expecting from a deal is in writing. If the other party comes back to you and tells you their word should be enough, your alarm bells should start ringing.

Ask yourself why they are unwilling to agree to something in writing and be sure to do your research. After all, it’s your money you’re risking.

If you’d like to learn from the mistakes many investors make, visit:

http://www.RealEstateSecrets.com.au/mistakes

Warm Regards

Hans Jakobi – Your Wealth Coach®
Real Estate Secrets