Dear Monty: 7 Costly Mistakes Of New Real Estate Investors

Richard Montgomery More Content Now, Winchester Star: Home and Garden
Tue, 07/07/2015 - 1:47am

Dear Monty: 7 costly mistakes of new real estate investors

Reader question: We just backed out of our first real estate investment deal. We took some bad advice, but luckily, discovered an undisclosed issue through a whistleblower. It made us ask ourselves, what else could we have missed? What are the biggest mistakes of new investors? Justin and Ann P.

NEXT
Topics:  home & garden   
RELATED ARTICLES
  • Mass. home, condo sales brisk in January
    STATE HOUSE, BOSTON, FEB. 26, 2020.....Buyers picked up new single-family homes and condos in Massachusetts at an accelerated pace in January, despite a significant surge in median sale prices.The more than 3,500 single-family home sales recorded last month marked an 8.1 percent increase over January 2019, according to The Warren Group.The median home sale price of $393,000 was up 6.8 percent from $355,000 in January 2019, a new high for the month."The [...] More
  • MAKING THE SEASON BRIGHT: Where are the best holiday light displays?
    Fill out and submit our form below or email the street address of dazzling holiday light displays to readerpix@wickedlocal.com. More
  • DECK THE HALLS: Share photos of your home for the holidays
    Let us know where the best displays are and we'll add it to our map! Email street address and town to readerpix@wickedlocal.com. More
  • DeCordova opens 'land artist' Andy Goldsworthy's functional 'Watershed'
    Channeling the elemental power of water through hand-hewn granite, sculptor Andy Goldsworthy has transformed the pond-side grounds of the deCordova Sculpture Park and Museum in Lincoln into a singular work of environmental art. More
  • Winchester selected for HeatSmart Mass program
    The Baker-Polito administration selected the town of Winchester to participate in the 2019 HeatSmart Massachusetts program. A partnership between the Massachusetts Department of Energy Resources and the Massachusetts Clean Energy Center, HeatSmart Mass is modeled after the Solarize Mass program, which Winchester was a pilot community for in 2011.HeatSmart Mass uses a group purchasing model to help drive down the cost of installation and to increase deployment of residential and small- [...] More
  • DECK THE HALLS: Share photos of your home for the holidays
    ‘Tis the season to be jolly and to deck your halls with boughs of holly, lights and other holiday decorations. Show us how your home sparkles this season by sending in photos of your holiday decor — inside and out!Capture your festive light displays, trimmed trees, Nativity scenes, Menorahs and more on camera or your smart phone and email as .jpg attachments to readerpix@wickedloccal.com. More
BING NEWS:
  • 7 Dumb Mistakes That Cost Homebuyers Tons of Money
    Unfortunately, many homebuyers make costly mistakes that result in higher interest payments, unaffordable mortgages, or an inability to sell. By learning about and avoiding common homebuying errors ...
    04/29/2024 - 7:24 am | View Link
  • Here are the common occupant mistakes made in real estate
    Occupants of commercial real estate, also referred to as users or occupiers, fall into two categories: tenants or owners. Since both are tenants, I’ll draw a finer distinction, noting that one genre ...
    04/27/2024 - 1:00 am | View Link
  • Buying a home this spring? Avoid these 5 costly pitfalls
    With so much money on the line, even small mistakes can turn into big financial hits ... Failure to catch problems before the purchase can lead to costly issues later. These can include extensive ...
    04/26/2024 - 8:00 am | View Link
  • HGTV’s Property Brothers reveal the biggest mistakes new real estate investors make and predict the next hot housing market
    "They get in over their heads because they've been watching those TikTok videos," said Drew Scott of the Property Brothers.
    04/20/2024 - 10:04 am | View Link
  • More

 

NEXT