Intro:
Starting in real estate can be exciting — but also overwhelming. Between finding deals, managing renovations, and budgeting, it’s easy to make mistakes that eat away your profits.
Here are five of the most common pitfalls new investors face — and how to avoid them.

1. Skipping the Numbers
Many new investors buy properties on emotion instead of math. Always analyze your after-repair value (ARV), repair costs, and cash-on-cash return before you buy.
📊 Pro Tip: Use a spreadsheet or app to run your numbers three different ways — best case, expected, and worst case.

2. Over-Renovating
You don’t need to make a flip look like a luxury home. Renovate for your market — not your taste. Focus on upgrades that add value: kitchens, bathrooms, and curb appeal.

3. Underestimating Time & Budget
Projects almost always take longer and cost more than you think. Build at least a 15% contingency into your renovation budget.

4. Choosing the Wrong Contractors
Hire licensed professionals with investor experience. Cheapest isn’t always best — reliability and transparency matter more.

5. Not Having an Exit Strategy
Whether you plan to flip or rent, always know your Plan B. The market can shift, and flexibility saves your profits.

Closing:
The key to successful investing isn’t luck — it’s preparation. Learn the rules, build your team, and take every step the right way.