Episode 031: My 10 Biggest Mistakes as a Real Estate Investor

12/17/20 • 58 min

Auburn Investment Properties Podcast with Chris Kearns

In this Episode, I go over my 10 Biggest Mistakes in my 20+ years of being a Real Estate Investor in Auburn. It's easier to for each of us to remember the mistakes that caused us to lose money or to be super stressed. They get embedded in our brains and come out as "common sense" from that point on, right? But if you haven't made these mistakes yet, then maybe they aren't common sense for you. So I'm here to pull back the curtain a little, and share some of my mistakes in order to help prevent you from making them yourself.
Let's get real... making mistakes is part of this business. If you think you will get through a career as a Real Estate Investor without making them, you are either naive or arrogant, and I predict some expensive lessons in your future! So let me be your tour guide, and tell you how to get where you want to go with as little trouble as possible.
Links from this episode:

Work with Me
Real Estate Brokerage Services: AuburnInvestmentProperties.com
Real Estate Investor Coaching: BetterREI.com
Websites & Branding: EasyLandlordWebsites.com

Work with Me
Real Estate Brokerage Services: AuburnInvestmentProperties.com
Real Estate Investor Coaching: BetterREI.com
Websites & Branding: EasyLandlordWebsites.com

Previous Episode

Episode 030: Investor Interview: Brent Beard

In this Episode, I sit down with Auburn business man and former City Council member Brent Beard, and we talk about his experience as a landlord with multiple properties in Auburn. I've known Brent for over 10 years, and in early 2018 he came to me after selling a beach condo and asked me if I could help him find a few rental properties so he could put that money back to work right here at home.
Brent used his 1031 Exchange money to buy 3 houses here, and he eventually picked up a 4th and 5th, which were condos close to campus. Despite his busy work and family schedule, he and his wife Lauren decided to do their own management, and he'll tell us how that's going. Brent bought a duplex when he was younger, right out of school, and he didn't have as much luck with his neighbor on the other side, but that was a long time ago. This time, he asked me a lot of good questions and we were able to set his screening and leasing process up to be smooth and effective right from the start.
Links from this episode:

Work with Me
Real Estate Brokerage Services: AuburnInvestmentProperties.com
Real Estate Investor Coaching: BetterREI.com
Websites & Branding: EasyLandlordWebsites.com

Next Episode

Episode 032: 2020 Year in Review

In this Episode, I take a quick look back at 2020. The episode covers the impact of coronavirus on the world, and investing in general, then we zoom down to the Auburn rental market, and then my own business. I also talk about my personal investments for the year, good and bad, and some lessons learned there. Also, I go into some detail on the financial things I needed to change this year after several years of not being very diligent with my record keeping, and I walk you through the way I was able to do that and how my accountant and I were able to work together to make it simple, quick, and easy to stay on top of.
Links from this episode: