www.REIClub.com – Real Estate Investors Make Mistakes, But An Educated Real Estate Investor Can Avoid Some of These Errors… Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I’ve got a quick video on the 6 most common mistakes made by real estate investors and how to avoid them! 1. Not Having a Team – Realtor, Attorney’s, title company, contractor, insurance agent, etc… solution start small – realtor and contractor, through time start building long term – title companies, brokers, insurance agents, real estate attorney, can get recommendations from local real estate club. 2. Focusing on only ONE real estate investment deal solution: don’t wait on ONE deal, always be looking even after submitting offers 3. Purchasing before Planning solution – you see a great deal and you forget about the fundamentals – There are a TON of real estate investing opportunities out there but it does not mean it is RIGHT for you. Keep in mind: location, condition, costs, and the market (comps). 4. Miscalculating Costs – repairs, profit margins, fees, etc… solution: free contractor estimates, realtor fees, title fees, property tax, home insurance 5. Not valuing your time as an investor solution: set daily and weekly goals to be accomplished. Excel spreadsheet – Day 1 – Hours spent on “this” – accomplished what? When you are able to take a step back and see where your time is going, you are able to better manage it. 6. Not Having an Exit …