09/25/2026
Real estate can build serious wealth. Are you avoiding the mistakes that blur investors profits before they even get started?
On this episode of Mic’d Up w Michelle, we’re breaking down three of the biggest pitfalls we see time and time again:
1: Treating Miami as One Market: Always underwrite for your specific submarket rather than general Miami headlines. Coral Gables is very different from Brickell.
2: Underestimating Insurance & Flood Risk: Around 75% of FEMA flood maps are outdated, meaning property flood zones and costs might be inaccurate. Choosing flood insurance even in an X zone might be the right option eventhough it’s not required.
3: Miscalculating First-Year Taxes: Real estate property taxes are reassessed based on your purchase price after closing, which directly impacts NOI. This means 3-10 months after you purchased a property, you’ll receive a notice possibly doubling or tripling your tax bill.
Whether you’re closing on your first property or scaling a portfolio, avoiding these three mistakes puts you ahead of most investors out there.
Got a question you want answered on the next episode? Drop it in the comments 👇