Courtney Poulos in Forbes.com Real Estate Council.
Not Discounting For Hurdles
Smart flipping requires thoughtful budgeting. Many investors early in their careers buy houses with more than one hurdle (such as small lot, no parking, busy street) because those are the cheapest to acquire, and then overspend in the rehab process by using expensive finishes or doing too much costly structural work, without remembering to discount their future market value. Leave room for the discount! – Courtney Poulos, ACME Real Estate
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