Common Real Estate Investing Mistakes

January 13, 2025

Welcome to another Legacy Lab episode! In this episode, Chris Benson and Alex Puente Day dive into the debate of single-family vs. multifamily real estate investing. Learn the pros and cons of both strategies, explore real-life experiences, and discover how to avoid common pitfalls in your investment journey.

We cover essential topics such as methods, long-term rentals, mid-term rentals, wholesaling, flipping, and the challenges of scaling your portfolio. Whether you’re just starting out or looking to level up your real estate game, this video is packed with actionable insights to help you succeed.

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Time Codes: 00:00

Introduction 00:23

Chris and Alex’s Real Estate Backgrounds

01:39 Transitioning from Single-Family to Multifamily

02:56 Chris’s Start in Foreclosures

04:31 Lessons Learned from Early Investments

08:02 Single-Family Basics: Pros and Cons

12:00 Multifamily Basics: Pros and Cons

18:18 Comparing Financing for Single-Family vs. Multifamily

20:15 The BRRRR Strategy Explained

22:59 Mid-Term and Short-Term Rentals: What’s the Difference?

27:43 Wholesaling 101: How to Start

29:50 The Risks and Rewards of Flipping Properties 31:22 Key Lessons and Final Advice

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