Look, as an investor, buying a house is a mistake. Unless you buy the right house at the right time — that’s when you can Airbnb it, do short-term rentals, and keep it full for maximum cash flow.

Sometimes you’ll get a place and feel like you’ll stay there long-term, but why not get the home and rent it out? People won’t just pay to live there; they’ll pay to use it for a short time.

Also, make sure the home is in a location where you can Airbnb it. Many times, places don’t even allow this, so watch out.

Real estate, unlike stocks, doesn’t travel well.

If you’re not in a good market right now, then you’re not going to be able to invest in real estate. There’s a good chance that maybe that market’s dead for the next six or seven years. Some real estate in some markets does not do well because of things going on in that market.

Markets fluctuate, and that can put pressure on real estate.

There’s a massive problem if you don’t know how to use debt, deals, and equity. You’re not going to be able to buy much real estate. You might be able to buy one house or maybe two, but that’s about it.

If you want to purchase more real estate, you will need to learn to use debt and other people’s money.

These are three of the biggest mistakes that people make regarding real estate investing. If you’re able to avoid these mistakes, you’ll be on your way to creating life-changing cash flow from this great asset class.

To find out how I did it, secure your seat to my Real Estate Live Training.

Be Great,

Grant Cardone

Disclosure: This content is intended to be used for educational and informational purposes only. Before investing, you should always do your own analysis based on your own financial and personal circumstances before making any investment. Grant Cardone is an industry expert who has been investing for over 30 years and his opinion is based solely on his own personal experience and circumstances. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment. Investment involves great risk and there is no guarantee of performance or results.

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