In this episode of the Passive Property Investor podcast, Jerry Parker discusses the 10 biggest mistakes property investors make. He emphasizes the importance of not listening to non-professional advice when building your investment team and warns about banks lending too much money. Jerry encourages listeners to consider their tax bracket and time spent working for money, highlighting the benefits of investing in real estate to achieve financial freedom. He also touches on the concept of "lazy equity" in your home as a potential investment opportunity.

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Timestamps:

00:00:00 - Introduction

00:00:11 - Understanding Bank Lending Risks

00:01:04 - Mistake #1: Not Investing at All

00:02:07 - Mistake #2: No Financial Goal

00:03:00 - Mistake #3: Borrowing Too Much

00:03:44 - Mistake #4: Choosing the Wrong Location

00:05:09 - Mistake #5: Buying Fully Depreciated Properties

00:06:04 - Mistake #6: Overpaying Due to FOMO

00:06:57 - Mistake #7: Solely Using Real Estate Websites

00:08:01 - Mistake #8: Listening to Non-Investor Friends and Family

00:09:06 - Mistake #9: FOMO in a High Market

00:10:09 - Mistake #10: Not Maximizing Tax Advantages