--- title: Four Pitfalls That Will Tank Your Real Estate Investment Business description: There are so many options and pathways to take to real estate success. Those decisions you make can literally submarine a deal or make it a homerun. image: https://www.theinvestorsedge.com/hubfs/Webp.net-resizeimage-2021-12-10T131006.110_300x175.jpg --- [Skip to content](https://www.theinvestorsedge.com/blog/pitfalls-real-estate-investment#main-content) [ Close ](https://www.theinvestorsedge.com/blog/pitfalls-real-estate-investment#) - Courses - House Flipping - [Find Fund Flip System For Houses](https://www.theinvestorsedge.com/find-fund-flip-system) - Land Flipping - [Find Fund Flip System For Land](https://www.theinvestorsedge.com/land-flipping) - Software - Tools & Automation - [The Investor's Edge Software](https://www.theinvestorsedge.com/real-estate-investment-software/investors-edge/) - [Proof of Funds](https://www.theinvestorsedge.com/real-estate-investment-software/proof-of-funds) - [Next Property Roadmap](https://www.theinvestorsedge.com/real-estate-investment-software/next-property-roadmap) - [Mortgage Rate Historical Chart](https://www.theinvestorsedge.com/mortgage-rate-historical-chart) - [Median Sales Price Historical Chart](https://www.theinvestorsedge.com/median-sales-price-sold-historical-chart) - [Median Monthly Rents Chart](https://www.theinvestorsedge.com/median-monthly-rents-chart) - Calculators - [Advanced Deal Analyzer](https://www.theinvestorsedge.com/real-estate-investing-calculators/advanced-deal-analyzer) - [ARV Calculator & Property Value Analysis](https://www.theinvestorsedge.com/real-estate-investing-calculators/arv-calculator) - [Mortgage Calculator](https://www.theinvestorsedge.com/mortgage-calculator) - [Early Mortgage Payoff Calculator](https://www.theinvestorsedge.com/early-mortgage-payoff-calculator) - [Amortization Calculator](https://www.theinvestorsedge.com/amortization-calculator) - Funding - Funding with The Investor's Edge - [Funding Your Next Flip](https://www.theinvestorsedge.com/funding) - [Our Funding Process](https://www.theinvestorsedge.com/our-funding-process) - [Where We Lend](https://www.theinvestorsedge.com/where-we-lend) - [Why Off-Market Properties](https://www.theinvestorsedge.com/off-market-properties) - Financing Options - [Hard Money Loans](https://www.theinvestorsedge.com/hard-money-loans) - [Gap Financing Ideas](https://www.theinvestorsedge.com/hard-money-loans/gap-financing) - About Us - About The Investor's Edge - [About Us](https://www.theinvestorsedge.com/about-us) - [How We're Different](https://www.theinvestorsedge.com/about-us/how-were-different) - What Our Members Are Saying - [Reviews and Success Stories](https://www.theinvestorsedge.com/about-us/reviews) - [Recent Fix & Flip Rehabs](https://www.theinvestorsedge.com/rehabs) - Investing 101 - Start Here - [Real Estate Investing For Beginners](https://www.theinvestorsedge.com/real-estate-investing-for-beginners) - Finding Properties - [Our Finding Process](https://www.theinvestorsedge.com/our-finding-process) - [Find Motivated Sellers](https://www.theinvestorsedge.com/find-sellers) - [Market to Motivated Sellers](https://www.theinvestorsedge.com/market-to-motivated-property-sellers) - Buying Properties - [Calculate After Repair Value](https://www.theinvestorsedge.com/calculate-after-repair-value) - [Estimate Rehab Costs](https://www.theinvestorsedge.com/estimate-rehab-costs) - [Calculate Profits](https://www.theinvestorsedge.com/calculate-profits) - [Negotiate Offers](https://www.theinvestorsedge.com/negotiate-offers) - Wholesale Properties - [Find Cash Buyers](https://www.theinvestorsedge.com/sell-properties/find-cash-buyers) - Investing Strategies - [Fixing & Flipping Houses](https://www.theinvestorsedge.com/fixing-and-flipping-houses) - [Wholesale Real Estate](https://www.theinvestorsedge.com/wholesale-real-estate) - [BRRR Method](https://www.theinvestorsedge.com/brrr-method) - [Blog](https://www.theinvestorsedge.com/blog) - [Podcast](https://www.theinvestorsedge.com/incomehacker) [ MEMBER LOGIN: ](https://app.theinvestorsedge.com/authentication/login) [ SEARCH ](https://www.theinvestorsedge.com/blog/pitfalls-real-estate-investment#) [ CONTACT US: ](https://www.theinvestorsedge.com/blog/pitfalls-real-estate-investment#) CALL US: [(801) 396-9772](tel:+18013969772) [![New-InvestorsEdgeLogo-ForDark-257x100](https://www.theinvestorsedge.com/hs-fs/hubfs/A%20-%20Logos/New%20Logo/New-InvestorsEdgeLogo-ForDark-257x100.png?width=167&height=65&name=New-InvestorsEdgeLogo-ForDark-257x100.png)![New-TheInvestorsEdgeLogo-ForLight-257x100-1](https://www.theinvestorsedge.com/hs-fs/hubfs/Logos/New%20Logo/New-TheInvestorsEdgeLogo-ForLight-257x100-1.png?width=167&height=65&name=New-TheInvestorsEdgeLogo-ForLight-257x100-1.png)](https://www.theinvestorsedge.com) - Courses - House Flipping - [Find Fund Flip System For Houses](https://www.theinvestorsedge.com/find-fund-flip-system) - Land Flipping - [Find Fund Flip System For Land](https://www.theinvestorsedge.com/land-flipping) - Software - Tools & Automation - [The Investor's Edge Software](https://www.theinvestorsedge.com/real-estate-investment-software/investors-edge/) - [Proof of Funds](https://www.theinvestorsedge.com/real-estate-investment-software/proof-of-funds) - [Next Property Roadmap](https://www.theinvestorsedge.com/real-estate-investment-software/next-property-roadmap) - [Mortgage Rate Historical Chart](https://www.theinvestorsedge.com/mortgage-rate-historical-chart) - [Median Sales Price Historical Chart](https://www.theinvestorsedge.com/median-sales-price-sold-historical-chart) - [Median Monthly Rents Chart](https://www.theinvestorsedge.com/median-monthly-rents-chart) - Calculators - [Advanced Deal Analyzer](https://www.theinvestorsedge.com/real-estate-investing-calculators/advanced-deal-analyzer) - [ARV Calculator & Property Value Analysis](https://www.theinvestorsedge.com/real-estate-investing-calculators/arv-calculator) - [Mortgage Calculator](https://www.theinvestorsedge.com/mortgage-calculator) - [Early Mortgage Payoff Calculator](https://www.theinvestorsedge.com/early-mortgage-payoff-calculator) - [Amortization Calculator](https://www.theinvestorsedge.com/amortization-calculator) - Funding - Funding with The Investor's Edge - [Funding Your Next Flip](https://www.theinvestorsedge.com/funding) - [Our Funding Process](https://www.theinvestorsedge.com/our-funding-process) - [Where We Lend](https://www.theinvestorsedge.com/where-we-lend) - [Why Off-Market Properties](https://www.theinvestorsedge.com/off-market-properties) - Financing Options - [Hard Money Loans](https://www.theinvestorsedge.com/hard-money-loans) - [Gap Financing Ideas](https://www.theinvestorsedge.com/hard-money-loans/gap-financing) - About Us - About The Investor's Edge - [About Us](https://www.theinvestorsedge.com/about-us) - [How We're Different](https://www.theinvestorsedge.com/about-us/how-were-different) - What Our Members Are Saying - [Reviews and Success Stories](https://www.theinvestorsedge.com/about-us/reviews) - [Recent Fix & Flip Rehabs](https://www.theinvestorsedge.com/rehabs) - Investing 101 - Start Here - [Real Estate Investing For Beginners](https://www.theinvestorsedge.com/real-estate-investing-for-beginners) - Finding Properties - [Our Finding Process](https://www.theinvestorsedge.com/our-finding-process) - [Find Motivated Sellers](https://www.theinvestorsedge.com/find-sellers) - [Market to Motivated Sellers](https://www.theinvestorsedge.com/market-to-motivated-property-sellers) - Buying Properties - [Calculate After Repair Value](https://www.theinvestorsedge.com/calculate-after-repair-value) - [Estimate Rehab Costs](https://www.theinvestorsedge.com/estimate-rehab-costs) - [Calculate Profits](https://www.theinvestorsedge.com/calculate-profits) - [Negotiate Offers](https://www.theinvestorsedge.com/negotiate-offers) - Wholesale Properties - [Find Cash Buyers](https://www.theinvestorsedge.com/sell-properties/find-cash-buyers) - Investing Strategies - [Fixing & Flipping Houses](https://www.theinvestorsedge.com/fixing-and-flipping-houses) - [Wholesale Real Estate](https://www.theinvestorsedge.com/wholesale-real-estate) - [BRRR Method](https://www.theinvestorsedge.com/brrr-method) - [Blog](https://www.theinvestorsedge.com/blog) - [Podcast](https://www.theinvestorsedge.com/incomehacker) CALL US: [(801) 396-9772](tel:+18013969772) Search Suggestions ![Webp.net-resizeimage-2021-12-10T131006.110](https://www.theinvestorsedge.com/hs-fs/hubfs/Webp.net-resizeimage-2021-12-10T131006.110.webp?width=300&name=Webp.net-resizeimage-2021-12-10T131006.110.webp) [Ryan G. Wright](https://www.theinvestorsedge.com/blog/author/ryan-g-wright)Dec 15, 2021 10:07:00 PM5 min read # Four Pitfalls That Will Tank Your Real Estate Investment Business [Previous ](https://www.theinvestorsedge.com/blog/three-easy-steps-reduce-risk-real-estate-investments) [Next ](https://www.theinvestorsedge.com/blog/pros-cons-fix-flip-investments) - [Tweet](https://twitter.com/share) There are so many options and pathways to take to real estate success. Those decisions you make can literally submarine a deal or make it a homerun. It’s not easy to be an entrepreneur. Not only do you need to manage the day-to-day stuff, but you’ve also got to keep an eye on the long-term strategy to ensure your business thrives. Too often, I’ll see new real estate investors fall prey to the same pitfalls time and time again. The tragedy of it is, these pitfalls are completely avoidable! But how can you know what pitfalls will tank your business and what options do you have instead? **The four major pitfalls you’ve got to steer clear of involve DIYing everything no matter what, being passive, avoiding the numbers, and impulse buying. To avoid doing these, you’ve got to be an active participant in your business and know the value of your time.** Sounds easy enough, right? Unfortunately, the number of failed fix and flippers tells a different story. So let’s dive into these pitfalls and talk about why they’re so devastating and what you can do to prevent your business from tanking because of them.   ## Mistake #1 – DIY No Matter What There’s no greater sense of accomplishment than looking at the results of your handiwork, but when you’re in business to earn a profit, you’ve got to see the bigger picture. Time is money for entrepreneurship, and real estate investing is no different from any other business. Consider the hourly rate or salary you’ll be paid as the business owner, and then check out this chart. I’ve sourced the top types of renovations and how long it will take you (on average) versus a trained professional: | Type of Major Renovation | Average Time to DIY (Hours) | Average Time for a Pro (Hours) | | --- | --- | --- | | Floor Installation | 27 | 13 | | Tiling | 25.1 | 22.1 | | Exterior Paint | 20 | 18.9 | | Plumbing Overhaul | 12.9 | 6.4 | | Electrical Wiring/Rewiring | 12.8 | 5.9 | | Interior Paint | 12.3 | 11 | | Drywall | 7 | 5.6 | [Source](https://porch.com/resource/diy-flops) Say you plan to pull an income from your business of $50/hour. If you did that floor installation on your own, that’s a $1,350 cost for your business! Now consider that it takes a pro less than half that time on average to do the same job. Even if they charge you $100 an hour, it’s *still *cheaper than doing it yourself. **What to do instead: **When you’re running a business, you’ll need to consider not only the cost of your salary but the opportunity cost, too. Instead of spending 27 hours trying to install new flooring, spend that 27 hours growing your business. What could you do in that same amount of time to bring in more revenue? ## Mistake #2 – Being Intimidated By the Numbers Having “no head for math” isn’t an option when you’re a real estate investor. While you should have an accountant and bookkeeper on your payroll, that doesn’t absolve you from keeping your eye on how money flows in and out of the business. Washing your hands of responsibility for the numbers only means you’ll end up with a rat’s nest to sort out if something goes wrong or your money people decide to leave.  **What to do instead: **Hire professionals but make it a habit to routinely check in with them to go over the numbers. Have them show you projections and hard data for where the business currently is today. Keep administrative access to all bookkeeping software and bank accounts so that you’ll never have to search for a password should your bookkeeper fall ill, rage quit, or something else that leaves you unable to access your money.  ## Mistake #3 – Being Passive Real estate investing is intimidating no matter how long you’ve been in the biz. It can often feel easier to just defer to the people you hire and stay in the background or not speak up when you think something is off. However, there’s a fine line between micromanaging and getting walked over, and as the business owner, you’ll need to walk that line occasionally. Otherwise, you could end up with a mess on your hands that destroys any chance of profits or just breaking even.  **What to do instead: **Hold your own. Ask as many questions as you can. Be present. Remember, when it all comes down to it, it’s your money that’s involved and at stake here. You need to wear the manager tag. Be involved in every step of the process and manage what gets done to ensure it’s done correctly. Be firm and fair. Have rules and expectations and stick by them. ## Mistake #4 – Impulse Spending  If you’ve ever been afraid to look at your bank account after a night on the town, you know the twinge of fear that comes with the consequences of impulse spending. Those new to the real estate investment game love to invest in the “cheap deals,” believing they can garner a tidy profit after a quick “fix and flip.” What they don’t understand is the difference between the price of an item and the cost of an item. - **Price –** The flat-rate amount you pay for an item (say, $10 for a T-shirt). - **Cost – **The long-term, variable amount you’ll end up paying for an item (say you buy a Ferrari; now add $ for potential repairs, loan interest rates, gas, etc.). A property may have a low price, but the long-term cost of owning that property could end up being much higher. **What to do instead: **Give yourself limits as to how much you’re willing to spend on repairs, renovations, property taxes, and interest rates. Set a budget beforehand, and don’t fall prey to “good” deals that end up costing you more. ## Final Thoughts Running a business of any type is tough, but real estate investing takes it to a different level. But you can ensure your business becomes successful by making it a point to steer clear of these four devastating but easily avoidable pitfalls. To learn more about real estate investing, sign up for our [free webinar](https://www.theinvestorsedge.com/register)! ## RELATED ARTICLES USEFUL LINKS: --- - [FAQs](https://www.theinvestorsedge.com/faq) - [Areas Served](https://www.theinvestorsedge.com/areas-served) - [Terms of Use](https://www.theinvestorsedge.com/terms-of-use) - [Privacy Policy](https://www.theinvestorsedge.com/terms-of-use/privacy-policy) - [AI Info](https://www.theinvestorsedge.com/ai-info-page) OTHER RESOURCES --- - [Referral Program](https://www.theinvestorsedge.com/referrals) - [Become A Hard Money Lender](https://www.theinvestorsedge.com/become-a-hard-money-lender) - [Careers](https://www.theinvestorsedge.com/careers) - [Member Login](https://app.theinvestorsedge.com/authentication/login) - [Contact Us](https://www.theinvestorsedge.com/contact) [![New-InvestorsEdgeLogo-ForDark-257x100](https://23711988.fs1.hubspotusercontent-na1.net/hub/23711988/hubfs/A%20-%20Logos/New%20Logo/New-InvestorsEdgeLogo-ForDark-257x100.png?width=150&name=New-InvestorsEdgeLogo-ForDark-257x100.png)](https://www.theinvestorsedge.com) Keep the conversation going. Connect with us on Social Media: Copyright © 2025 TheInvestorsEdge.com All Rights Reserved ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "abstract" : "There are so many options and pathways to take to real estate success. Those decisions you make can literally submarine a deal or make it a homerun.", "author" : { "@type" : "Person", "name" : "Ryan G. Wright" }, "dateModified" : "", "datePublished" : "", "headline" : "Four Pitfalls That Will Tank Your Real Estate Investment Business", "image" : "https://23711988.fs1.hubspotusercontent-na1.net/hubfs/23711988/Webp.net-resizeimage-2021-12-10T131006.110_300x175.jpg", "inLanguage" : "en", "keywords" : "[]", "mainEntityOfPage" : { "@type" : "WebPage" }, "name" : "Four Pitfalls That Will Tank Your Real Estate Investment Business", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://23711988.fs1.hubspotusercontent-na1.net/hubfs/23711988/Logos/New%20Logo/New-TheInvestorsEdgeLogo-ForLight-257x100-1.png" }, "name" : "The Investor's Edge" }, "text" : "There are so many options and pathways to take to real estate success. Those decisions you make can literally submarine a deal or make it a homerun. It’s not easy to be an entrepreneur. Not only do you need to manage the day-to-day stuff, but you’ve also got to keep an eye on the long-term strategy to ensure your business thrives. Too often, I’ll see new real estate investors fall prey to the same pitfalls time and time again. The tragedy of it is, these pitfalls are completely avoidable! But how can you know what pitfalls will tank your business and what options do you have instead? The four major pitfalls you’ve got to steer clear of involve DIYing everything no matter what, being passive, avoiding the numbers, and impulse buying. To avoid doing these, you’ve got to be an active participant in your business and know the value of your time. Sounds easy enough, right? Unfortunately, the number of failed fix and flippers tells a different story. So let’s dive into these pitfalls and talk about why they’re so devastating and what you can do to prevent your business from tanking because of them. Mistake #1 – DIY No Matter What There’s no greater sense of accomplishment than looking at the results of your handiwork, but when you’re in business to earn a profit, you’ve got to see the bigger picture. Time is money for entrepreneurship, and real estate investing is no different from any other business. Consider the hourly rate or salary you’ll be paid as the business owner, and then check out this chart. I’ve sourced the top types of renovations and how long it will take you (on average) versus a trained professional: Type of Major Renovation Average Time to DIY (Hours) Average Time for a Pro (Hours) Floor Installation 27 13 Tiling 25.1 22.1 Exterior Paint 20 18.9 Plumbing Overhaul 12.9 6.4 Electrical Wiring/Rewiring 12.8 5.9 Interior Paint 12.3 11 Drywall 7 5.6 Source Say you plan to pull an income from your business of $50/hour. If you did that floor installation on your own, that’s a $1,350 cost for your business! Now consider that it takes a pro less than half that time on average to do the same job. Even if they charge you $100 an hour, it’s still cheaper than doing it yourself. What to do instead: When you’re running a business, you’ll need to consider not only the cost of your salary but the opportunity cost, too. Instead of spending 27 hours trying to install new flooring, spend that 27 hours growing your business. What could you do in that same amount of time to bring in more revenue? Mistake #2 – Being Intimidated By the Numbers Having “no head for math” isn’t an option when you’re a real estate investor. While you should have an accountant and bookkeeper on your payroll, that doesn’t absolve you from keeping your eye on how money flows in and out of the business. Washing your hands of responsibility for the numbers only means you’ll end up with a rat’s nest to sort out if something goes wrong or your money people decide to leave. What to do instead: Hire professionals but make it a habit to routinely check in with them to go over the numbers. Have them show you projections and hard data for where the business currently is today. Keep administrative access to all bookkeeping software and bank accounts so that you’ll never have to search for a password should your bookkeeper fall ill, rage quit, or something else that leaves you unable to access your money. Mistake #3 – Being Passive Real estate investing is intimidating no matter how long you’ve been in the biz. It can often feel easier to just defer to the people you hire and stay in the background or not speak up when you think something is off. However, there’s a fine line between micromanaging and getting walked over, and as the business owner, you’ll need to walk that line occasionally. Otherwise, you could end up with a mess on your hands that destroys any chance of profits or just breaking even. What to do instead: Hold your own. Ask as many questions as you can. Be present. Remember, when it all comes down to it, it’s your money that’s involved and at stake here. You need to wear the manager tag. Be involved in every step of the process and manage what gets done to ensure it’s done correctly. Be firm and fair. Have rules and expectations and stick by them. Mistake #4 – Impulse Spending If you’ve ever been afraid to look at your bank account after a night on the town, you know the twinge of fear that comes with the consequences of impulse spending. Those new to the real estate investment game love to invest in the “cheap deals,” believing they can garner a tidy profit after a quick “fix and flip.” What they don’t understand is the difference between the price of an item and the cost of an item. Price – The flat-rate amount you pay for an item (say, $10 for a T-shirt). Cost – The long-term, variable amount you’ll end up paying for an item (say you buy a Ferrari; now add $ for potential repairs, loan interest rates, gas, etc.). A property may have a low price, but the long-term cost of owning that property could end up being much higher. What to do instead: Give yourself limits as to how much you’re willing to spend on repairs, renovations, property taxes, and interest rates. Set a budget beforehand, and don’t fall prey to “good” deals that end up costing you more. Final Thoughts Running a business of any type is tough, but real estate investing takes it to a different level. But you can ensure your business becomes successful by making it a point to steer clear of these four devastating but easily avoidable pitfalls. To learn more about real estate investing, sign up for our free webinar!", "url" : "https://www.theinvestorsedge.com/blog/pitfalls-real-estate-investment", "wordCount" : "1456" } ``` ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Ryan G. Wright", "url" : "https://www.theinvestorsedge.com/blog/author/ryan-g-wright" }, "dateModified" : "2023-05-04T22:48:08.012Z", "datePublished" : "2021-12-16T03:07:00.000Z", "headline" : "Four Pitfalls That Will Tank Your Real Estate Investment Business", "image" : [ "https://www.theinvestorsedge.com/hubfs/Webp.net-resizeimage-2021-12-10T131006.110_300x175.jpg" ], "mainEntityOfPage" : { "@id" : "https://www.theinvestorsedge.com/blog/pitfalls-real-estate-investment", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.theinvestorsedge.com/hubfs/Logos/New%20Logo/New-TheInvestorsEdgeLogo-ForLight-257x100-1.png" }, "name" : "The Investor's Edge" } } ``` ```json { "@context" : "https://schema.org", "@id" : "https://www.theinvestorsedge.com/#organization", "@type" : "Organization", "address" : { "@type" : "PostalAddress", "addressCountry" : "US", "addressLocality" : "West Jordan", "addressRegion" : "UT", "postalCode" : "84088", "streetAddress" : "8846 S Redwood Road C221" }, "alternateName" : [ "TheInvestorsEdge.com", "DoHardMoney.com", "Do Hard Money", "DHM Industries" ], "areaServed" : { "@type" : "Country", "name" : "United States" }, "contactPoint" : [ { "@type" : "ContactPoint", "areaServed" : "US", "availableLanguage" : "English", "contactType" : "customer service", "email" : "questions@theinvestorsedge.com", "telephone" : "+1-801-692-7678" } ], "description" : "The Investor's Edge is a real estate investing company that combines proprietary deal-finding software, education, and equity-based funding into one Find-Fund-Flip system. It funds up to 100% of qualifying deals and helps both first-time and experienced investors flip houses and land in 45 U.S. states. Formerly DoHardMoney.com; rebranded in 2023.", "founder" : { "@type" : "Person", "jobTitle" : "Founder & CEO", "name" : "Ryan G. Wright" }, "foundingDate" : "2006", "knowsAbout" : [ "Real estate investing", "Fix and flip", "Hard money loans", "Land flipping", "BRRR method", "Wholesaling houses", "Off-market real estate deals" ], "legalName" : "DHM Industries, Inc.", "logo" : "https://www.theinvestorsedge.com/hubfs/Logos/New%20Logo/TheInvestorsEdge-NewLogo-Social-300x175.jpg", "mainEntityOfPage" : "https://www.theinvestorsedge.com/ai-info-page/", "name" : "The Investor's Edge", "sameAs" : [ "https://www.linkedin.com/company/theinvestorsedge", "https://www.youtube.com/@theinvestorsedge", "https://www.instagram.com/theinvestorsedgerei/", "https://www.facebook.com/theinvestorsedgerei", "https://twitter.com/InvestorsEdge_", "https://www.bbb.org/us/ut/west-jordan/profile/real-estate-investing/theinvestorsedgecom-1166-22167211" ], "slogan" : "Find, Fund, and Flip Real Estate", "url" : "https://www.theinvestorsedge.com" } ``` ```json { "@context" : "https://schema.org", "@type" : "FAQPage", "mainEntity" : [ { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Yes. In 2023, DoHardMoney.com was rebranded to TheInvestorsEdge.com. The company had outgrown hard money lending alone, since it now offers educational courses, proprietary deal-finding software, and expert support in addition to funding." }, "name" : "Is DoHardMoney.com the same as TheInvestorsEdge.com?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "No. The education, software, funding, and systems are built to walk a member through their first flip with no prior experience." }, "name" : "Do I need experience in real estate investing to work with The Investor's Edge?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "The Investor's Edge recommends having around $10,000 or more for flexibility in closing deals. Deals with substantial equity can qualify for up to 100% funding, meaning qualifying deals can close with $0 in closing costs. The Find-Fund-Flip system also teaches additional ways to close with less than $8,000 of the member's own money." }, "name" : "How much money do I need to get started?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Traditional lenders evaluate the borrower's credit, income, and debt. The Investor's Edge evaluates the deal itself, lends against After Repair Value (ARV), funds faster, and works with rundown properties that conventional loans won't touch. Funding is equity-based and structured as a joint venture." }, "name" : "How is The Investor's Edge funding different from a bank loan?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "The Investor's Edge serves real estate investors in 45 of 50 U.S. states, with custom funding terms by region. Membership is not currently offered in California, Nevada, Utah, Alaska, or Hawaii due to legal constraints." }, "name" : "What areas does The Investor's Edge serve?" } ] } ```