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Regardless of how many years you’ve been in real estate, mistakes happen. Even seasoned professionals might occasionally make unprofitable decisions or get into an unfavorable trade. These real estate mistakes are more common than you think, and shouldn’t get you down. To properly equip yourself for these challenges, familiarize yourself with this list of mistakes to avoid when investing in real estate.

Short-Term Thinking

Patience is a virtue; this is especially true in the context of real estate. Many first-time real estate investors buy investment properties with the expectation of massive returns in no time. Quite often, though, building wealth through real estate can take years and multiple smart investments. Whether you’ve invested in a cash flow rental property or are waiting for a property’s value to appreciate, patience is your best friend when reaping benefits from your real estate investment.