My $100K real estate investing MISTAKE (top 3 regrets)

In this video, I delve into my top three mistakes made during my 11-year journey as a real estate investor, with a surprising revelation about a misstep that cost me over $100K. From DIY pitfalls to renovation strategies, I share valuable insights that any current or aspiring investor can learn from. Discover how avoiding hourly payment structures for contractors and thorough vetting processes can save you significant time and money. Join me in this candid reflection on my past experiences and gain actionable advice to navigate the complexities of real estate investment in today's market. Don't miss out on future content by subscribing to Wealthy REI, where I consistently provide real estate and financial insights. Your feedback drives this channel - let's ensure I'm delivering content that resonates with you. Watch, learn, and embark on your real estate journey with confidence.
Timecodes:
00:00 Intro
00:47 Mistake #1: Don't DIY
02:17 Mistake #2: Not renovating fully
03:14 My $100K mistake and how you can avoid it
04:45 Investing in real estate in 2024
#RealEstate #Investing #PropertyManagement #DIY #Contractors #RenovationTips #RealEstateInvestor #PropertyInvestment #InvestmentMistakes #MoneyManagement #FinancialAdvice #RealEstateTips #ROI #CashFlow #Refinancing #ValueCreation #HomeRenovation #ContractorSupervision #VettingProcess #PropertyPortfolio #WealthBuilding #InvestmentStrategy #RoamRich #UA-camChannel #ContentCreator #SubscriberFeedback #MarketInsights #FinancialEducation #SuccessTips

[@mhender09]

Is the first example more of an opportunity cost savings? My experience is contractors are expensive!

[@WealthyREI]

You could say that, but also DIY may just cost you more money when you factor in future repairs from things need to be re-fixed. Thanks for your support of the channel!