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5 Reasons You NEED to Be Properly Capitalized for Real Estate Investing SuccessProperty Flips are ExpensiveIf you are doing a property flip, you need money to buy a property, money to fix it up, money to pay the loan while you are fixing it up. You need money to pay utilities, taxes, insurance, etc. If you have ever done a flip, you know about the expenses that pop up.Very rarely do you get a property that gets bought and fixed and ready for sale for less than your initial estimates. There is always something else that seems to draw your money in. As you peel back the layers, you seem to find something else.The best scenario in this type of investment is to pay cash up front and eliminate any interest that you would pay for a hard money loan. Unless you have multiple flips going in at the same time and you have the cash, invest it in yourself.
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