The most important thing to remember about investing—or making money in general—is that it's not about what you make, but what you keep.

With that in mind, here are the most expensive mistakes you can make when investing in real estate:

1. Investing in the Wrong People: This includes your partners, employees, property management team, and operators. Surround yourself with the right people to succeed.
2. Cutting Corners: Tempting as it may be to save costs, cutting corners often leads to bigger headaches down the road. Invest in quality to avoid future issues.
3. Ignoring Location: Location, location, location. You can fix a property, but you can't fix a neighborhood.

Let's dive deeper into each of these on this week's episode of Multifamily Investing Made Simple.

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