I'm not perfect. Nor are other real estate investors and Nomads™.
Here are the 9 nastiest Nomad™ mistakes.
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This class was taught on December 16, 2020 by James via webinar.
Here are the mistakes covered:
- Wrong Financing
- Wrong Property Type (SFH, Condos, Duplex, Triplex, Fourplex)
- Wrong Property (Location, Layouts, Obsolescence, Cap Ex)
- Refinancing Errors
- Wrong Team (Agent, Lender, Inspector, Property Manager)
- Shiny Object Syndrome (and not starting soon enough, flipping, wholesaling when you should Nomad™ in parallel at the beginning, losing motivation and stalling)
- Not Optimizing Cash Flow (Income, Expenses, Leases including Timing)
- Analysis Paralysis
- Unrealistic Expectations
- Under Capitalized (Reserves)
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