Common Real Estate Investing Mistakes [+ how to avoid]

Real estate investing can be an excellent way to build wealth. And with low-interest rates, the internet, and reality DIY shows, it’s become more popular than ever. But those things have also fast-tracked people into making some mistakes.

When you’re getting started, there’s a lot to learn. It isn’t as easy as it looks on TV, and many investors won’t find instant success. Without a plan and little know-how, it’s easy to slip up, especially at first.

So, before you open the door to real estate investing, it’s wise to understand potential pitfalls.

The most common real estate investing mistakes and how to avoid them

Here are the ten most common blunders real estate investors make-and suggestions on how to avoid them.

Mistake #1: Not having a strategy

A ready-fire-aim approach to real estate investing can have unexpected results.

You’re excited about a new venture, and it’s tempting to dive in and get started. But buying your first property without an investment plan could lead, well, anywhere.

If you don’t have a map of where you’re going, you’ll get somewhere, but it might not be where you want to be.