I've worked with a lot of real estate investors, and I've noticed that many of them make one dire mistake. I see it all the time—a rookie investor thinks they can make more in rent and attract a higher quality tenant by making extraneous purchases, but it never works out that way. Inexperienced investors often try to over upgrade their property based on what is appropriate for the neighborhood.
On this episode of Investing in Real Estate, I'll share more about why this rookie mistake is such a serious problem. I'll talk about why over upgrading your property decreases your ROI, and I'll give one exception to this rule! Don't miss episode 243!
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Show notes: http://morrisinvest.com/episode243