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12min chapter
970: 5 Mistakes to Avoid When You Start Investing in Real Estate
BiggerPockets Real Estate Podcast
Building Reserves and Making Sacrifices for Real Estate Investments
The chapter emphasizes the importance of having reserves to cover unexpected expenses in real estate investing and shares strategies for building them up in the initial year. It discusses the significance of being prepared for unforeseen costs and using tools like the BiggerPockets calculator for accurate analysis. Additionally, the chapter highlights the idea of making sacrifices to invest in real estate, whether it involves selling possessions, house hacking, starting a side business, or building skills to support real estate endeavors.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode