Whats up fruitful investors? In this video I will be talking about the top 5 real estate investing mistakes you need to avoid. I see real estate investors make all the time; both veteran and new. These are the things I talk about all the time on this channel with my clients, partners, and coaching clients.

1. FOCUSING ON CASH FLOW.

You see a lot of people talking about how “cash flow is king, cash flow is everything, you must only buy properties that cash flow”. All of that is fairly true. Every property you buy must cash flow on day 1 but how much is up to you and your goals.

However what I see all the time is people focusing ONLY on cash flow. They won’t buy any property that cash flows less than a $1000 a month. They are going to chase all the cash flow deals and will sacrifice a lot of things to only focus on this. They will sacrifice location, the city they’re investing in, the neighbourhood or the type of tenants it’s going to attract.

When you focus only on cash flow you’re going to get yourself into trouble because you’re not focusing on the whole picture of real estate investing. Yes cash flow is very important. Like I say, every property must cash flow on day 1. However don’t obsess
about it and focus that “it must cash flow $1000 a month or I won’t even consider buying”. Or “I will chase the deals wherever they go, I will find them”. That is a big mistake.

2. BUYING EVERYWHERE.

What I mean by that is buying in different markets. So while you’re chasing cash flow a lot of investors will say “I don’t care I will go to a city three hours away, or in a different country to get that cash flow”. Again that is a big mistake. You need to focus on one
area especially at the beginning of your real estate investing career. You want to focus on one area, one city that is producing really well, and one type of real estate before you start branching off.

3. BUYING MANY DIFFERENT TYPES OF PROPERTIES.

These can include student rentals, multi-families, or single families. Build a system, focus on one thing, and become the expert. When I started out I only focused on single family real estate, and became the guy for single families in Kitchener/Waterloo. When
someone wanted to ask questions or partner for single family real estate I was the only option around. I branded myself as the single family expert.

This later allowed me to scale my business so quickly and attract so many joint venture partners. That is what you want to do. I have seen it work over and over again not for just myself but with other investors I have worked with. Why? Because people only want to work with experts, who they can trust. If you are scattered all over you are not going to attract partners as easily. I know I am not going to trust someone who is that scattered and only focuses on cash flow. So focus, become an expert, own one area, and don’t aim solely for cash flow.

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