#80: 3 Costly Real Estate Mistakes That Are Keeping You Stuck + How to Avoid Them

The Audacious Founder Podcast: BEING BOLD IN BUSINESS

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Are you buying property with your heart instead of your head?

In this episode, I’m pulling back the curtain on the 3 BIGGEST real estate mistakes I see my clients make — mistakes that are costing them thousands and holding them back from building the generational wealth they’re chasing. If you’ve been thinking about getting into real estate, or if you're already in the game but not seeing the returns you expected, this is the wake-up call you didn’t know you needed.

Hey founder friends — today we’re getting real about real estate. I’ve been working closely with clients who are diving into the investing world, and I keep seeing the same missteps again and again. These are mistakes that can totally derail your wealth-building journey if you're not careful.

From letting emotion drive your purchases (hello, “I bought two houses in a week!” energy), to sleeping on the power of multifamilies, to straight-up letting fear keep you from getting started — we’re talking about all of it. I'm walking you through the exact conversations I’ve had with clients, the math that matters (yes, we’re breaking down cash-on-cash return in real time), and why your team — NOT the seller — should be your go-to for numbers you can trust.

This episode is not about shaming anyone for mistakes — it’s about helping you move smarter, not harder. I want you walking away knowing how to analyze deals like a pro, avoid emotional traps, and finally take that first (or next) step with clarity and confidence.

In This Episode, I Share:

• The #1 emotional mistake new investors make (and how to avoid it)

• Why cash-on-cash return is the deal-breaker metric no one talks about enough

• Real client stories that prove you need a due diligence process

• Why multifamily properties are the Costco of real estate (and why I love them so much)

• How fear of buying out-of-state could be sabotaging your success

📌 Key Takeaways:

• Don’t let excitement make decisions for you. Always run the numbers before you buy.

• Cash-on-cash return is a must. It shows how much money your investment is actually making you, based on what you put in — not just the purchase price.

• Multifamilies can fast-track your wealth. More units = more income, less risk, and lower cost per door.

• Your team matters. Never trust seller numbers without running them by your coach, agent, or advisor.

• Analysis paralysis is real — but so is diving in blind. The sweet spot is educated action.

✅ Actionable Insights:

• Use the Cash-on-Cash Return Formula:
  Net Annual Income ÷ Total Out-of-Pocket Investment
  (Hint: A good return is 8–12% for single-family, often higher for multifamilies)

• Run deals past your team. Don’t trust turnkey sellers or agents without verifying comps and projected returns.

• Challenge the “buy local” mindset. Explore out-of-state markets where your money can stretch further and returns are stronger.

• Set real estate criteria BEFORE you buy. Know what success looks like for you — financially and personally.

📚 Resources Mentioned:

• Book: Multifamily Millions by David Lindahl — a must-read if you’re ready to scale your portfolio.

• Tool: Your personal deal analysis calculator (cash-on-cash, cap rate, ROI — learn them, use them).

• Pro Tip: Build your real estate dream team — coach, agent, lawyer, lender — BEFORE you need them.

Want to take the emotion out of investing and start building with boldness? This episode is your crash course.

👂 Press play and let’s get you real-estate ready.

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