Common Mistakes When Analyzing a Real Estate Deal: The Pencil

Common Mistakes When Analyzing a Real Estate Deal:  The Pencil
by John Occhi, Hemet CA REALTOR®  
Mission Grove Realty  

If you Want to Read More about Other Common Mistakes Made when Purchasing Real Estate, Follow This Link.

Many times an investor just wants a deal to work.  It seems they have looked hard and spent countless hours looking for that perfect next deal and when they get a hold of one, they will do whatever they can to make it work for them.

One of the most common mistakes that a real estate investor will make when analyzing a Hemet real estate deal is to do their numbers in pencil.  What I mean by this is that a pencil does not offer a permanent record - it is much too easy to change.

An Investor hungry for that next deal may be able to convince themselves to do the deal if the can only fudge a number here or a number there and then it looks perfect on paper.

Penciled numbers can spell doom if they are adjusted to make a deal cash flow.  Some investors will fudge on the rehab costs, knowing they can't get the job done for what they are budgeting.

Remember, "Figures Don't Lie...Liars Figure!"

Now Have a Blessed Day,

by John Occhi, Hemet REALTOR®  
Mission Grove Realty  
Preforeclosure Specialist