eter Vekselman, Real Estate Investing Coach here again.

Peter Vekselman, Real Estate Investing Coach here again.

Today:

What's The Biggest Mistakes You'll Make Investing in Real Estate...?

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Well, if you've been wanting to get into r/e investing, you've probably held out. Thousands of others have done the same. The reason? People feel like it's the "wrong" time to get in.

Or, they feel like they have to mortgage their life away to generate a down payment or sacrifice their retirement planning.

   --> Wrong, wrong, and wrong!

Of course, you need to put some careful thought into every deal you do. Here are
some ways to make the "wrong" time in real estate investing work out right for you:

1. Develop multiple exit strategies

One of the things that gives real estate investing a bad name with investors in
tough markets is that often investors get "stuck" with houses they cannot sell.
Develop multiple exit strategies before you buy to help make sure that you are
always able to get out of an investment in a timely fashion.

2. Tailor your promotions carefully

In a down market, you can be overwhelmed with deals that can guzzle your time and
energy with little payoff. Decide exactly what type of properties and sellers you
want to work with, then create ads that speak directly to them. If a deal does not
meet your criteria, do not spend time trying to "make it work."

3. Be creative and patient

You probably already know that motivated sellers can be stressed out and hard to
deal with. Now, more than ever clear communication is important. The easier you can
make it to understand the new buying processes and take action on them, the more
people will flock to work with you.