Investor Mistakes That You Can Not Afford To Make! Part I

By Author: Zack Wiest
Total Articles: 8
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This article is focused on helping YOU avoid the most common MISTAKES New Investors make! Certainly the biggest, at least in our opinion, is to invest in real estate on your own, and not with PA Deals. As serious as we are about that statement we are going to really dive into the world of NEW INVESTOR MISTAKES in this article for those of you who are being stubborn and are still not a client of ours. Uggghhhh. What in the world are you waiting for?

New Investor Mistake # 1

A successful real estate investor needs a plan. It's not enough to just buy a house and expect to sell it at a profit. Instead, before purchasing any house, a real estate investor should have a well-thought out plan of how the investment will work. That means working out your plan of attack before you buy any properties. This "plan of attack" if you will, is called an Exit Strategy. An Exit Strategy is simply the technique you will use to realize your profit on a particular deal. Here at PA Deals we only use three, and they just happen to be the most tried and true exit strategies found in real estate. They are:

Long Term - Buy and Hold ...
... Rentals

Shorter Term - Rent to Owns

and finally

Buying Fixing and Selling for Quick, Cash Profits

PA Deals prepares a comprehensive profit and / or cash flow analysis for every property posted for sale, which can be viewed prior to purchase. This analysis suggests which exit strategy we feel is best.

In addition to recommending the best exit strategy we show you, in an easy to understand format, what profit and / or cash flow will be realized. This analysis gives new investors the game plan they need to make informed decisions on every single PA Deals wholesale priced property.

New Investor Mistake # 2
We see it every day and almost shed tears for people. Why do some companies thrive why others fail? Why do some people succeed where others don't? More times than not it's the TEAM of people a company on individual has around them.

New Investor Mistake # 2 is Lack of the Proper Team of Professionals. You CANNOT succeed in this business without the proper team of professionals at your side. While there are literally dozens of people needed to succeed in this business over the long haul, the ones mentioned below you will need immediately, like before you even think about making an offer!

Real Estate Agent
Private Lender / Mortgage Broker / Banker
General Contractor
Property Manager
Attorney
Accountant

Now, be careful because not all people / professionals provide the same results and have the same expertise. The people you choose to surround yourself with, your Master Mind Group, if you will, will play a large role in your success or lack of. As an investor with PA Deals you have access to hundreds of real estate professionals from across the United States who are the best in the business. It's taken over 20 years to build this team and they are second to none!

Zack Wiest is owner of PA Deals, LLC. They are a residential real estate investment firm located in Harrisburg, PA. Though founded in 2006, the principals of the company have been investing in real estate since the year 2000. You can find out more about us at http://budurl.com/padealsbmpart