10 mistakes to avoid when investing in real estate

Q: Which are those 10 mistakes to avoid when investing in real estate?

Roshni Pawal, Mumbai

22nd September 2015

Investment Advice in Mumbai

real estate

investing in real estate

mumbai real estate

10 mistakes to avoid in real estate

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Replies (3)

Sometimes an investor is better served by a banking relationship, and sometimes a mortgage loan officer is a better fit…all depending on the scope of the investment plan.

Sai Kumar, Greater Noida

24th September 2015

Comment

Check out local market trends, and be a student of the market. There are many great books available on this subject, many on your bookshelf. There are also hundreds of great articles and case studies available to you online. Utilize your brain a bit.

Vinay Dixit, Mumbai

22nd September 2015

Comment

@Vinay....
Real estate is a flourishing business. However, investing in real estate usually involves large amounts of money, and it should not be done lightly. It's a good long-term investment, but so is putting your money in a mutual fund, which is a lot easier. Real estate gurus do not talk about all that hard work. You have to be smart, you have to be willing to work, and you have to understand your risk acceptance.

Sajal Das, Kolkata

23rd September 2015

Hi Roshini,
According to me those 10 mistakes that mostly people do are 1) not having specific investment boundaries, 2) borrowing over 80% of the property cost, 3) poor cash flow management, 4) focusing all your investment in one location, 5) not checking out the neighborhood, 6) not seeing what you are paying for, 7) not working with an expert agent, 8) trusting the expert too much, 9) use emotions over true sense of judgement and 10) lack of research.

Dushyant, Bangalore

22nd September 2015

Comment

The above mentioned points are true. To be successful and to remain brainy, it takes a team to help maintain your investment rental. You can not do everything by yourself and your renters will quickly be victimize if you try to do it all.

Niyati Juthali, Mumbai

22nd September 2015

Yes, i really agree with the first few points. They are the most essential. I have done some mistakes in my life, learnt from them and moved on. But you know what they say, smart people learn from others mistakes. So, always keep learning from yourself and others mistakes.

Pranay Malhotra, Delhi-NCR

22nd September 2015