How To Avoid Real Estate Investment Mistakes - with Adiel Gorel
Adiel Gorel
Retirement Advisor | Real Estate Investments | Public Speaker | Author | Financial Literacy | Broker.
What are some of the most common mistakes people make when investing in real estate? How does this impact the investment and how can you avoid these mistakes? In the real estate investing business for decades, Adiel Gorel has often seen investors make some common mistakes over and over again. Watch this video about how to avoid them.
Key Insights:
? A lot of investors want to invest where they live and so end up investing in a very expensive old home with low rental incomes. This is a mistake.
? Choosing a random broker from the internet is another investing mistake to avoid. It is a better idea to invest with an organization that has experience.
? It is also a mistake to buy junky properties in the hope that they will appreciate over time. These may look good on paper, but will fetch poor returns over the long term.
? Adiel advises investors to choose property locations wisely because this will impact value over time. Old homes and homes in need of work are also best avoided, he says.
? Not opting to use a property manager, and choosing to manage a property yourself from a distance is a bad idea. Adiel himself uses property managers and advises investors to do the same.
Author, Investment Expert and Thought Leader, Adiel Gorel isn't just a specialist in his chosen fields but also a storyteller who makes complex issues easily accessible. Tune in to his show where he addresses diverse investment issues with a single aim to help you finance a long, comfortable life.
Have questions? Seeking the right information is the first step toward improving your financial health. Post your questions in the comment box below or get in touch with me directly.