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In this episode, Xerxes and Rajiv discuss common real estate investor mistakes based on their combined experience of over 30 years.

They emphasize the importance of focusing on potential returns and understanding where the return on investment will come from, rather than just going for the cheapest property. They also stress the significance of analyzing location and understanding tenant needs to keep properties occupied.

But that's not all! They also cover the importance of holding onto investments for the long term, seeking professional tax advice before investing, analyzing pricing and incentives before investing in a new development, and making investment decisions based on individual needs rather than following the crowd.

So sit back, relax, and join Xerxes and Rajiv as they chat about these and other important topics in real estate investment.

Shownotes

[00:03:00] First Mistake: Going for the Cheapest Property

• The discussion revolves around how people tend to be attracted to the cheapest property and why this is a mistake
• They emphasize the importance of focusing on potential and understanding where the return on investment will be

[00:05:00] Second Mistake: Focusing Too Much on Location

• Location is important, but not the only factor to consider when investing in real estate
• The various factors that should be taken into account when analyzing location are discussed

[00:08:00] Third Mistake: Not Considering Tenant Needs

• The importance of understanding the needs of tenants and keeping properties occupied is emphasized

[00:09:00] Fourth Mistake: Selling Too Early

• The importance of holding onto investments for the long term is discussed, but also exceptions to this rule are mentioned

[00:10:00] Fifth Mistake: Listening to Bad Tax Advice

• The importance of seeking professional tax advice before investing in real estate is talked about

[00:11:00] Sixth Mistake: Chasing the First Launch

• The importance of analyzing pricing and incentives before investing in a new development is emphasized

[00:13:00] Seventh Mistake: Following the Crowd

• The importance of making investment decisions based on individual needs and not following what everyone else is doing is emphasized

[00:15:00] Eighth Mistake: Not Having a Contingency Plan

• The importance of having a backup plan in case things don't go according to plan is discussed.

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