Are you using your business experience to invest in real estate? If so, here are a few mistakes to avoid.
Don’t forget your fiduciary duty. If you’re showing investor clients a property you’re interested in yourself, you should make sure you’re open about your interest and avoid putting pressure on them to make a decision.
Be fair to sellers. Your knowledge about real estate transactions is a good reason to invest in real estate, but you have a duty to treat sellers honestly and fairly.
Don’t make assumptions. Just because you have a high level of knowledge about real estate doesn’t mean you won’t face issues. You can’t assume that the value of your property will increase or that you’ll always have perfect tenants who always pay their rent.
If you’re not investing in real estate, check out this Texas REALTOR® magazine article for help getting started.