D.O. shares four major lessons learned from owning a real estate investment company and conducting over 100 transactions. 🤝
Discover how to maximize profits by making smart purchases, secure ample funding, build a reliable team of contractors, and embrace the challenges of the fix and flip journey. 🛣️
1. Make money when buying the property by reverse engineering costs and selling price to determine the right offer.
2. You can never have enough money. Always have access to various funding sources, including personal funds, hard money, and private money.
3. You can never have too many contractors. Always have a diverse pool of reliable tradespeople to handle multiple projects simultaneously.
4. Fixing and flipping real estate is hard work. Celebrate the challenges, persevere, learn from mistakes, and seek guidance from coaches, conferences, and online resources.
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