People make mistakes when investing in real estate (including foreclosed properties) and can cost a lot of money. I covered the most common mistakes in this talk. I also shared tips on how to avoid them.
This *video was taken during the TGFI Financial Literacy Summit last April 2, 2017 at the SMX Mall of Asia.
I was told I only had a few minutes left during my talk and I had to explain everything quickly. I can expound on these in other videos.
Of course, these are just the top mistakes I wanted to discuss in the small time I was given. In the future, I can tackle more real estate investing mistakes that should be avoided.
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This is part of a playlist that covers real estate investing for beginners in the Philippines. Check out the playlist below:
===Links to resources mentioned===
Why some free ‘financial literacy’ seminars may be scams:
Maceda law (R.A. 6552):
0:00 Intro, Buying even if you really can’t afford a property
0:44 Not doing enough Due Diligence
1:08 Beginning investors fall for scams
2:17 Not looking at enough potential properties
2:41 Lack of focus
3:03 Starting too big
3:17 Not getting ready
3:30 Listening to the wrong people
4:42 Wasting the best time to invest in real estate
5:26 Key Takeaways
5:54 Additional resources