THE 5 DON’TS OF REAL ESTATE INVESTING

Giro Kitsambrakis

DON’T #1Don’t Forget to Do Your Research. Before you buy a car or an expensive

household appliance, what do you always do? You compare different models,

different stores, ask a whole bunch of questions, and try to figure our whether what you are about to purchase is worth

the money you’re about to spend.

Don’t #2: Don’t Get Bad Financing!

Make sure you either have the financial flexibility to make the increasing payments, or you have a back-up plan to switch to a conventional fixed-rate mortgage.

DON’T #3

Don’t Overpay. Figure out what other homes in the area have sold for recently. Unless your desired property has unique characteristics likely to increase its value over time, keep your bid consistent with other sales in the neighborhood.

Don’t #4!

Don’t Underestimate Your Expenses.!

Don’t #5!

Don’t Do Everything Yourself.