Questioning the financial risk when picking a promisings rehab is largely a matter of experience and your own confidence in your game plan. This is the major reason that it is inteligent to start an investment career with small properties and then move up. It is remarkable how fast you will be able to gain real experience and valuable judgement that will reduce your risk to a very acceptable level. There are a number of ways to limit your personal financial risks. As important as this is, dont lose sight of the fact that risks of reputation are at least as important as dollar risks if you are to succeed in real estate rehabbing. You can only grow as your credibility and your reputation as a winner grow. The final word on risk evaluation is to remember that real estate rehabbing investments are a business. Realistic risk based on intelligent planning is accepable. But fliers or long shots never make sense, no matter what the potential profits are.
Posted on: Tue, 30 Dec 2014 00:13:43 +0000
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