New real estate investors often get infatuated with the idea of the passive cash flow that real estate can bring in. So it’s not surprising when you see many new investors throw caution to the wind to chase cash flow and end up buying super cheap homes (in oftentimes questionable areas) thinking they will reach their investing goals faster.
But this can be a big trap if you aren’t careful.
(Read more at https://www.biggerpockets.com/blog/why-not-buy-cheap)
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