1. Not planning – have no exit strategy
New investors often lack a definite plan, reliance on guesses and buy real estate investment property without their exit strategy planning and the calculation of the income. You must first planning an investment strategy concrete taking into account your resources, financial expectations and current market conditions. Look for profits and a great passive income in the long term or fast resale profits property? You can combine these two strategies resale finally property to make a purchase, but your initial considerations must be a solid investment plan and exit strategy. This also means that you have to set and to calculate the numbers and potential cash flow.

2. Does it alone
Even experienced investors need legal and real estate advice. Building a team of good professionals can be a key to success, and you need a real estate broker, appraiser to probably and you will find home inspector, depending on the type of the investment property in.

3. Do not operate enough research
Building a team of professionals does not mean that you need to do your own research not. Due diligence and comprehensive research are crucial for a successful real estate investment. You must first consult consultants on property investment, and issues to the Council of property investment. You can then your own financial resources, expectations, and your desired investment result inventory. As a next step, you need to research market conditions and the current property market, popular locations, prices, calculate potential proceeds that you find the best property investment opportunities.

4. Do not buy the property in terms of the exit strategy
Buy a property that is suitable for your investment plan and exit strategy, and keep in mind that you buy the property for themselves. If you need to consider the appeal of the property from the point of view of the potential tenants such as a purchase to property purchase, let. So there should be close to local amenities and property should be in good condition. With the intention of quickly reselling buy, go short-term economic and infrastructural developments in the field be too important.

(5) Not buy at a low price
Buy investment property at the lowest possible price is a key to the success and results in much higher net income. If you pay too much for a property, your risks are also higher depends on his and much external market conditions. Enough time to devote to BMV properties sought is therefore worth and leads to a more lucrative business.

6. No risk mitigation
While thinking too much about potential risks and negative results is not useful, you need a risk mitigation strategy. This way you can come faster solutions with when unexpected events occur. Therefore, you should ask you to some of these questions: what happens when economic development not in the location of your choice to pick up? What is, if you do not find tenants for a long time? What if you planned the property as you resell can not? What happens when your property burns down or damaged it seriously? During these events can appear unlikely, if you buy the property, a sound risk-mitigation strategy can help protect your profits and you assure.

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