HGTV’s Property Brothers reveal the biggest mistakes new real estate investors make and predict the next hot housing market

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 52 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 63%

Property Brothers News

Real Estate Investing,HGTV,Real Estate

'They get in over their heads because they've been watching those TikTok videos,' said Drew Scott of the Property Brothers.

on Wednesday, they sounded off on property flipping, high borrowing costs, the worst mistakes that aspiring investors make, the housing content on TikTok, and where the next big market will be.

"They get in over their heads because they've been watching those TikTok videos," he cautioned. "They're seeing this content that's telling them, 'You can do this.' And then they spend in the worst way. They're not organized."Indeed, not being organized is one of the biggest mistakes new real estate investors make, Jonathan said, noting that they often try to be their own general contractor and run their own projects.

The Motor City was one of the hardest-hit markets during the last housing crash as the Great Financial Crisis and recession forced auto giants Inside Bill Gates' real estate portfolio, from a Seattle mansion to houses at some of the US's most exclusive clubs Chris Pratt and Katherine Schwarzenegger demolished a 1950s LA architectural gem they bought for $12.5 million, reports sayAn agent explains the new fees homebuyers would pay after the real estate settlement — and why he's not worried about losing his guaranteed commission

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Everything to know about the April 8 eclipse in Atlantic CanadaA downtown St. Stephen property, which has been in construction limbo since last year, may soon be sold according to the property's receiver. The property was intended for a Best Western hotel but has remained empty after the foundation was laid in 2022. Several companies have filed claims against the developers, leading to the property going into receivership.
Source: SaltWire Network - 🏆 45. / 63 Read more »