Real Estate Investment Requires Both Hands On The Wheel

Most of the time, investing requires a quick phone call to your broker or a signature to adjust a portfolio. Real Estate typically requires a more hands on approach. Don't get me wrong, for most, that's the whole point. Being in control of your investments provides a higher return and can be incredibly rewarding.

With this higher return and reward comes more responsibility. Many jump into the market after reading a few of the local book stores "I made a billion yesterday" books. Although these books can give you some insight, they can also create false assumptions about the reality of real estate.

I found a great article that breaks down the tope ten lethal mistakes for real estate investors. First I like the way the article breaks down the most common issues. Second it comes from Bankrate who I regard as a valuable website for any investor trying to gain knowlede on ANY investment.

As you read remember that real estate investment doesn't have to come with four physical walls and a door... there are funds, lending , joint ventures , and many more ways to invest without 100% ownership in a property. In addition, have an old 401k floating around? Look into changing it over to a self-directed IRA which allows you to invest in real estate! There are several reputable SDA custodians out there and your investment advisor can easily guide through.

10 lethal mistakes for real estate investors