Mistake #3: Too much…To Quick

There was a company a few years ago that stated that you can not eat just one potato chip, and the same adage applies to real estate.

Once you buy your first property, you will want to buy more, more, more!

However, you must hold back you delusions of grandeur and take this one step at a time. Real estate has many factors to consider and you must not take any of them lightly.

A good rule to apply is that you should have at least 10% of the value of the property liquid and set aside for any emergency issues. You will experience vacancies, maintenance emergencies and other suprises. You want to be prepared for these situations when they happen.

Nobody ever talks about the headaches and hardships of owning property, but we do! Gladiator Real Estate Group wants you to be prepared for the difficulties as well as your success!

It is easy to protect your upside and more difficult to protect your downside. BE PREPARED!

Mistake #2: Thinking you Can Get Rich Quick!

Who hasn’t fallen for one of these seminars, books or late night infomercials?

Hate your job?

Hate your boss?

Do you want financial freedom? Hmmmm……..Yes, Yes and Yes!!!!

The problem is, and I really dislike being the one to break this news to you, there really is no such thing as a “Get Rich Quick” program. Real wealth is created over time, Period. Most of the investors have created wealth by hard work and putting themselves in a position for that success.

Some of the programs you see on TV really do work, but the problem is that they are not quite as easy as the marketing leads you to believe. You can give a person the key to open the golden door, but you can not force them to walk across the room, put the key into the lock, turn it, twist the knob and actually push that door open. It is just too much for them!

Your real estate investment team should there to assist you with your portfolio so that you can create real wealth over time. This adventure should be a fun, exciting and enjoyable process that leads you and your family to real prosperity and financial freedom for generations to come.

If you are being pressured to invest in a deal, you might want to take a step back and think about who you are working with and what your real motivation is for buying the property.

In the current 2008 market, the BUYER is the one who should be applying the pressure, not the Sellers.