September 2020

Hammer

Seven Things to Know Before Starting Your House-Flipping Business

Getting started in real estate investment isn’t for the faint of heart. It takes courage, knowledge, guidance, and most of all…money! It has been said that you can’t take a long journey without taking that first step, but where should you start if you are trying to break into the fix-n-flip business. Here are 7 things you will need to think about before you start your flipping adventure:

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Scrabble

Acronyms, Acronyms, and More Acronyms

I really hate drug company commercials. What I hate most is the explaining I must do when a prophylactics commercial pops up in the middle of Dora the Explorer. A close second to that would have to be all the acronyms I’m expected to know. COPD, ED, IBS, ABC, XYZ…I can’t keep up. I’m not a doctor, yet everyone thinks that I should automatically know what IC stands for. Every industry has their acronyms. Unfortunately, every industry also forgets that not everyone understands what they heck people are talking about when they are used.

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Signing

An Act of God

If you are in a real estate-related business, you undoubtedly work with contracts and agreements in your business. Although we are taught to read everything carefully before you sign a contract, most people simply gloss over the highlights before signing. If you are part of the minority that actually reads everything that they sign, they you have probably encountered a term called “Force Majeure” buried somewhere in the legalese.

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