4 Tried And True Ways to Avoid a Major Investment Property Flop

mortgage and down paymentYou would be hard-pressed to find a real estate investor, at least one with some experience and time under their belt, who doesn’t have some horror story about investing in real estate.

These horror stories range from mild to downright disastrous, and they happen to all types of investors. Long-term buy and hold investors have their share of stories. Fix and flip investors have plenty to share. Note buyers, lenders, custom builders … you name it, and you can find plenty of opportunity to learn about real estate mistakes and blunders from talking to investors.

The last thing any investor wants is to get in over their heads and deep in the red, and learning from others is a great way to avoid disaster yourself. Sometimes investors are blinded by their love for a property, and other times, unexpected problems bamboozle them into spending thousands upon thousands of dollars on unanticipated repairs.

Whether due to our own mistakes or unforeseen problems, investment property flops can cost us in both money and time. Don’t allow yourself to fall into a real estate investment sinkhole with a bad investment property. Follow these tips to keep your goals and your investments on track!

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This article was featured in an edition of AAOA Today and was hand selected by our editors as a piece of interest for American Apartment Owners Association Members.