324: REI "10 Biggest Mistakes When Buying Real Estate"
b'1. You\\u2019re not buying: If you don\\u2019t buy, it\\u2019s because you don\\u2019t know what you\\u2019re doing 2. Buying too small: This happens when you become scared thinking that big deals are riskier. This is false, small deals are riskier. 3.\\xa0Buying on a Budget: don\\u2019t be confined to what you can \\u201cafford\\u201d. Don\\u2019t have a budget when you buy, have a budget when you own. 4. Believing the Pro Forma: don\\u2019t put significance on a fairy tale. 5. Underestimate expenses: taxes and insurance aren\\u2019t fully understood. 6. Not funding Capital costs\\u2014roofs, carpets, etc. need to be funded, so\\xa0set some aside for when you will need it. 7. Over leveraging\\u2014borrowing too much money. 8. Under leveraging\\u2014not borrowing money. 9. Buying on CAP rates: If you\\u2019re only looking at 8 caps, you\\u2019ll miss out on good deals that don\\u2019t fit your criteria. 10. Not knowing: ignorance is not bliss.'