2 years ago
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🏠 Is flipping houses the right investment for you? How does it work, and what are the risks? 👇 Below, we’ll take a quick look at what mistakes to avoid. 1. Not having enough money It’s vital that you research all the costs associated with buying, owning, and repairing a home in order to sell it for a profit later. 2. Not having enough time Once everything is done, you’ll need to put the home up for sale and show it to prospective buyers. 3. Not possessing the right skills Many house flippers are actually construction, plumbing, and electrical professionals with the skills to do most of the work themselves. 4. Not knowing about real estate investing You also need to understand real estate laws, tax laws, and be able to choose which repairs are necessary and which are not. 5. Not being patient Be sure you consider the five pitfalls above to be sure you know what you’re getting into. Domonique 'Dom' Fields | NextHome Kel Mitchell [email protected] | (256) 763-0525 domoniquefields.com | 122255 #realty #homes #property #home #expertadvice #investing #advice #investingadvice #investment #realestateinvesting #realestate
Beautiful👏
2 years ago