EP16- Common Mistakes Newbie Real Estate Investors Make

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Зроблено Kerri Naslaund-Monday і знайдено завдяки Player FM та нашій спільноті. Авторські права належать видавцю, а не Player FM, і аудіоматеріали транслюються безпосередньо з сервера видавця. Натисніть на кнопку Підписатися, щоб слідкувати за оновленнями в Player FM або скопіюйте і вставте посилання на канал до іншої програми для подкастів.

Buying real estate is one of the most popular forms of investing in the US. Investing in a home can help you generate passive income while building equity, and it’s a great path to growing your wealth.

On this podcast episode, Kerri shares her thoughts on some of the most common mistakes newbie investors make:

Setting long-term investment goals (1:24) Don’t abuse real estate agents (4:44) Ridiculous offers (7:27) DIY why you shouldn’t do your repairs (10:00) Not listening to a professional (25:43) Not treating your investment like a business (27:45)

About your host Kerri It all began with the game of Monopoly® I grew up in the late 1970s-early 1980s when video games were either unavailable or too pricey for my welfare-dependent family. So I played board games; Monopoly was my favorite. I developed my version of the game, with credit cards, loans, and renters, by the time I was eight. After working since age 14, and saving most of my pay, I set a goal—to become a homeowner by the time I was 25. One crack house in Oakland became “home sweet home” the day I turned 25. Three years later my boss, Moe, at the tattoo shop asked when I was going to purchase an income property. I claimed not to have adequate savings. That’s when Moe taught me the power of leverage. Over the next couple of years, friends and family would ask me for real estate advice. After being repeatedly told, “You have given me better advice than my agent” or “If you were an agent I would use you,” I earned my license in 2006. When the housing market crashed, I had to learn and adapt quickly. Instead of praying for a market recovery I looked for opportunities. My first question, “Who would be buying or selling in a market like this?” Two answers: Investors and short sellers. Investors came quickly; I am one and know the business. Short sellers came later when I met Monica Cabrera, an agent with an unmatched local short-sale track record. We joined forces and formed the Bay Area Short Sale Angels,* now Northern California’s #1 short sale team, in 2008. (www.BayAreaShortSaleAngels.com). We have helped families, individuals, and investors avoid foreclosure and improve their financial future and outlook. Staying on top of the market has made us a trusted resource and trainer to other agents. Our 98% success ratio is unheard of in a business with a 50% national success rate. Our team of five now includes a successful buyers’ specialist. I have been a top producer for the last two years and enjoyed every detail of my work. I get to help others achieve their goals and, most importantly, to feel hopeful about their future. Thinking outside the Monopoly box led me to become the successful agent, team leader, and homeowner advocate I am today. About your co-host Keith Keith B Dixon is a freelance commercial photographer, specializing in corporate event photography, corporate executive and on-location, group portraits. Throughout his career, he has photographed high profile clients including the U.S. Chief Judges of the U.S. Appellate Courts, several Bay Area Executives and many celebrities from around the world. Keith has also worked with corporate clients across the United States and abroad. He is an Official Ambassador for Dye Sub Printer Maker DNP Imaging of America, NETGEAR (the number one producer of Networking and Cloud-Based Storage), and affiliations to Spider Holster, Think Tank, and Arkon Mounts. He is a legend on social media, known for creating The Keith B. Dixon Zone on Periscope and Facebook Live and is the founding member of the popular Bomb Squad Photography Community. In 2015, Keith was ranked #3 in the world as a Cloud-Based Influencer by Onalytica. He also created a series of free workshop for beginning photographers, the Keith B. Dixon Meetups. More than just a photographer or a social media guru, Keith is a true trailblazer, paving the way and educating those coming behind him. Web pages Home: http://theeastbayagent.com Reviews: http://theeastbayagent.com/what-others-say/ Yelp www.yelp.com/biz/kerri-naslund-monday-oakland Podcast realestateforreal.podbean.com Instagram www.instagram.com/kerrinaslund/ Facebook www.facebook.com/Not-Your-Average-Agent-134874026542362/ Twitter @NotAverageAgent YouTube www.youtube.com/user/kerrinaslund1?feature=mhee Intro Music Jonas Elander Twitter twitter.com/NotAverageAgent Publisher Thirty Seven Media Publishing Producer Spark Social Group https://www.sparksocialgroup.com ©Kerri Naslund-Monday

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