As a beginner Real Estate Investor, it is important to educate yourself as much as you can before committing your money to a deal. The following article points out 5 common mistakes Real Estate Investors should avoid. Mistake # 4 explains the pitfalls of overpaying. To help you determine market value, your Real Estate Agent should provide a list of comparable properties. Another good source for determining market value is www.zillow.com. Zillow will show comparable properties in the area, photographs, along with market value and rental income estimates. Of course, these are just estimates, but they will give you a ballpark figure, so it’s a good starting point.
For tips on finding a good Real Estate Agent, click here. For more information on the 5 common mistakes real estate investors should avoid, click here. For details on how to get started investing in real estate, click here.
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