There is no once size that fits all just like there is not one successful or best way to build a profitable property portfolio.
Thank you Jason Hartman from Authority Magazine – Top Lessons. Top Authorities for chatting about the subject of House Flipping: 5 Things You Need To Know To Create A Successful Career Buying, Rehabbing, and Selling Properties
It is my hope that this article inspires you to take charge of your financial future and work out your way in terms of building wealth for your future be it buy and hold or buy, renovate and sell.
Here is a little snippet from the magazine.
“Start small to gain confidence. If you haven’t done it before you won’t have contacts for tradespeople and can be overwhelmed and not complete it to the best potential.”
“Know your numbers. If you want to go down the path of renovating, you have to know you are going to make a profit. Know your best- and worst-case scenarios and ensure you have a buffer.”
“If you are buying it to flip, you need to see what is popular in the area and works for the demographic of people in the area.”
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