5 Expensive Mistakes Investors MUST Stop Making

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Did you know that 90% of bad property decisions are caused by the same 5 mistakes?

After working on thousands of property deals, I started to notice a pattern.

Any time an investor messed up and lost a load of money, it tended to be due to a basic mistake they made in the process.

And with the right information, these mistakes could easily have been avoided.

So in this video I am going to explain:

What these 5 mistakes are, how you can avoid them to make more money from your investments, and at the end I will explain how you can actually turn these common mistakes into investment opportunities…

So let’s get started with the first mistake, which happens way before anyone has even visited the property.

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We’d love to hear what you think in the comments below. You might even have a topic you’d like us to cover in the future - if so, comment it below.

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My wife and I had recently retired. We bought a detached run down house in North Wales at auction without a survey and prior to covid.. We used most of our savings plus the lump sum from our pension. To our surprise we won the bid. Both in our late sixties, one an amputee (me) we slaved away for 6 years doing the place up including managing it's one acre of landscaped gardens. We sold the property in August 2022 completing in the November. We were lucky. We rode the property price increases in the area, plus profited from the work we did over the 6 years. At the end of the day we more than doubled the original purchase price and sold out at the right time before property prices dipped and mortgage rates rose. My biggest regret?? We waited until our late 60's to do what we should have done in our younger years.

stevenhull
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Thank you for writing your book ‘How to be a landlord’. I have been using this book for years now and it covers everything I have needed to know, for the btl’s i have and I recommend it for all the newbies that come to the local landlord networking evenings.
Please can you recommend or write one that covers commercial property?😊

prodriveress
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Love your comment about surveyors, do as they do and look at house prices in the area, except they take 10k off the value of your propertg if you want to remortgage

drno
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Hi Rob, do you have the link to the spreadsheet you mentioned at the end of the video - it isn't in the description - thanks

shan
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Rob are you investing in Croydon? Also what do you think about buying a property with tenants in situ. Paying below market rent on an AST

milkyporridge
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The Property Investment Plan template mentioned in the video is not in the description and is not on the Tools page on your site. Please can you add it! Thanks

David-
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Hi guys, i built a house in east london myself which cost me 360k and brings me 70k as a HMO. Any chance house prices double 10 years from now? That would make me handsome

florinserbabh