Rental investment: the 3+4 MISTAKES that BEGINNERS make and how to AVOID them?

158,036 views

Michael Ferrari

Published on Jan 12, 2021
About :

Investors who are starting out in real estate investment often make the same 7 beginner's mistakes. Here is my feedback and my advice to avoid or correct these mistakes and succeed in your rental real estate project from start to finish. ???? The rest of the video, hence the 3+4 instead of 7 ;-) : https://mon.esprit-riche.com/funnel/r... I discuss in detail the 4 other mistakes that I noticed, whether because I made them myself or because I observed them in other real estate investors. In particular, you will discover the importance of projecting yourself beyond the acquisition. We often make the mistake of planning very precisely the search for the ideal property, the negotiation of financing conditions and work, etc. but we forget that the project does not stop there. It is important to anticipate the management and your strategy to make the right decisions upstream. I will explain to you why this is essential and how to go about it. ???? Join me on my private Telegram group: https://t.me/joinchat/AAAAAFXGClWKGGw... The first mistake can happen well before you have made the decision to invest in rental property: it is the purchase of your main residence. If you have borrowed for your RP, this will impact your borrowing capacity. I give you three solutions here and you can explore the subject further in other videos on my channel: https://www.youtube.com/c/espritriche... The second mistake is not taking full advantage of bank financing, whether by making a contribution and/or borrowing for too short a period. The third mistake that investors tend to make when they start out is to misjudge the scale and amount of the work. To avoid this, a warning and a piece of advice: do not blindly believe the amounts announced by real estate agents or sellers and always bring in a craftsman. Let me explain why. If you want to see my construction sites and before/after work, here is the playlist: • Let's visit my construction site together! VIDEO SUMMARY: 0:00 Introduction 0:20 My journey 0:40 Mistake #1: Shooting yourself in the foot by borrowing to buy your main residence. 2:35 How to fix it: 3 solutions 3:25 Mistake #2: Not using leverage to the fullest 6:14 Mistake #3: Underestimating the work 9:00 Advice: develop your ability to estimate work 9:44 Advice: all or nothing 11:19 Link to the rest of the video to discover the other 4 mistakes: https://www.formation-michael-ferrari... 11:26 Conclusion 11:58 What mistake did you make or almost make? ???? MY TRAINING ???? ---------------------------------------- ????-MAKE YOUR RENTAL INVESTMENT SUCCESSFUL: https://bit.ly/investissement-locatif2 ????FINANCIAL FREEDOM PORTFOLIO: How I collect an average of €1,500/month in dividends with the stock market: https://www.michaelferrari.fr/portefe... Receive my free emails (Real Estate, Investment, Stock Market, Mindset, Living Free): https://bit.ly/3qg92yY WHO IS MICHAEL? At the age of 17, I had to help my parents get out of over-indebtedness. From then on, I decided one thing: that money would never be lacking. I will help you invest in real estate. After buying 2 million euros of real estate, 40 lots in 4 years and creating a stock portfolio that earns me 1500 € per month on average. Learn more: http://esprit-riche.com/a-propos/ How to become rich? By making your rental investment a success!

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