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847 - Pitfalls New Investors Need to Avoid to Be Successful in Real Estate by Steve Rozenberg

BiggerPockets Daily

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The Difference Between Success and Failure

The vast majority of why real estate investors fail is because they view owning a rental property not as a business, but more of a hobby. You have to remember that whether you own one property or 50, it is still a business. The biggest challenge for landlords and one that is often overlooked is that all of these governing agencies consider you as a business. There's a big difference between the two and definitely requires a huge mindset shift.

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