In this episode, Nicole and Jeremy discuss the pitfalls of buying houses and how to avoid them. They cover topics such as overpaying for a property, not considering all expenses, and the importance of thorough inspections. They also talk about red flags that may cause them to walk away from a deal and the tools and resources available to avoid pitfalls. Additionally, they discuss the importance of evaluating property numbers and using checklists and resources for property evaluation. They emphasize the significance of math and numbers in real estate and the importance of buying for equity, cashflow, depreciation, and amortization.
👋 My name is Nicole and I created Travel to Money to help you learn about how to travel adventure and have fun on the road to financial independence. I have traveled the world, I own a couple of houses in Spain, and I’m on a creative journey to financial independence. I believe the road to financial freedom can and should be fun. I hope you’ll subscribe and join me on this journey, no matter where you are starting from.
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Important Disclaimer: While we discuss real estate investing in this podcast, our experiences and perspectives are not a substitute for professional financial advice. The content is for informational purposes only and should not be taken as a recommendation to buy, sell, or invest in any particular property or security. Your individual financial situation and risk tolerance are unique, and we encourage you to consult with a qualified financial advisor before making any investment decisions. Real estate investing involves inherent risks, and there is no guarantee of success. We are not responsible for any financial losses incurred as a result of information shared on this podcast.
Keywords: real estate, investing, travel, wealth building, entrepreneur, podcast, Nicole, Jeremy Resmer, coach, mistakes, portfolio