Investing in Real Estate: What is the number one mistake people make trying to flip houses? - Transform your Mind with Coach Myrna

Summary: <br> <br> The number one mistake people make when investing in real estate is investing before understanding the rules. Listen to learn the rules to win the game of investing in real estate. <br> <br> A few weeks ago I interviewed my co host Trevor Evans on the topic “The path to Financial Freedom” We received such an overwhelming response to that topic that I decided to have a spin off series on Real Estate Investing. Trevor Evans is a Speaker/Trainer for Legacy Education Alliance and Rich Dad Education. Entrepreneur, Real Estate Investor. Banker and Founder of Personal Awakening Brand “Being Normal Sucks.”<br> <br> We will start off our series teaching on one of the most popular investment strategies in Real Estate Investing “Funding, Fixing and Flipping. <br> <br> <br> <br> Doing my research for this topic, I found that there is a plethora of mistakes beginning investors make when working with rehab properties. Many of them because of watching shows life MTV’s Flip or Flop where they always end up making the right choices and thus make thousands of dollars in profit! <br> <br> My co host and I both agree, since we are both <a href="http://www.abraham-hicks.com/lawofattractionsource/workshops.php" target="_blank">Abraham Hicks</a> students, there is nothing wrong with looking for contrast around you and choosing what you want to bring into your vortex. <br> We are setting the intention that all you would be investors or current investors will gleam from our knowledge and make fewer mistakes with your real estate investments. So if you do fail, you would fail forward! <br> <br> One of those investment vehicles is to Fund, Fix and Flip houses. It is by far the most popular vehicle because of the opportunity to make a lot of money quickly. <br> <br> So, make sure you tune in to this <a href="https://itunes.apple.com/us/podcast/transform-your-mind-coach/id1144973094?mt=2" target="_blank">podcast</a> twice per month for our series or <a href="https://itunes.apple.com/us/podcast/transform-your-mind-coach/id1144973094?mt=2" target="_blank">subscribe </a>to my podcast so as not to miss anything! <br> <br> In keeping with the format of the show, I want to leave you with my tip of the week.<br> <br> This week’s tip of the week: Winter is the best time to purchase Real Estate” <br> From the book “Your money and how to keep it” by <a href="https://twitter.com/briancoz?lang=en" target="_blank">Brian Costello</a><br> <br> "While economic development can make a difference when it comes to purchasing a house, there is no question that winter is by far the best time to buy.<br> Think about it for a minute, the weather is freezing cold, the winds are gusting, everything is covered with snow, everybody wants to stay inside where it is warm – and those few who do go outside to see houses that look unattractive because they are knee-deep in snow are serious buyers. Could there be a worst time to be out braving the elements looking for a house? No. <br> And that’s exactly what happens. Everybody sits tight. No one even thinks about buying a house in the winter months. They are all waiting for the grass to turn green and the flowers to start to bloom. <br> In the meantime, houses are being put up for sale. The biggest reasons for selling a house still affect the marketplace, no matter what the weather. They include family breakups, company transfers, deaths, and financial hardships. <br> When a family splits, it’s not uncommon for the house to go up for sale right away as neither spouse has enough money to pay for it outright. If your boss decides to transfer you to another city, you generally have no choice but to move. As a result, your house might be on the market right away, no matter what the market is like. Most of us can’t afford to pay the cost of accommodations in two different locations. <br> <br> Death, financial hardship,