114. Pitfalls of First-Time Investors

The three deadly sins of investing: Overpaying, Over-leveraging, and Mismanagement. Today we are discussing the top four pitfalls of first-time investors. Here are the SparkNotes: Pitfall #1: Not doing the 5 things we recommended in Episode 113 (Top 5 MUST-Do's for First-Time Investors.) Pitfall #2: Having a desire to break records. There are no heroes in real estate! Pitfall #3: Losing focus before mastering one thing. (We recommend reading The ONE Thing by Gary W. Keller and Jay Papasan.) Pitfall #4: Taking chances in ZIP codes that aren't historically strong due to low entry price. Have any questions? Shoot me an email: [email protected] Dean Harris, VP of Sales at CrestCore Realty Douglas Skipworth, Founder & Principal Broker at CrestCore Realty Podcast production and design by Parasaur Studios This podcast is brought to you by William N. Griffin, Jr., Atty Griffin, Clift, Everton & Maschmeyer PLLC.