Getting Started in Real Estate requires Preparation, not “Luck” (Part 2 of 2)

1 Jul

“Luck is what happens when Preparation meets Opportunity” yields 95% ROI in less than 3 months!

Part 2 of 2:

Getting Started in Real Estate

The risk/opportunity factors, as I saw them, were:

1) the accuracy of their value projections for the house once fully remodeled;

2) the likely timeframe to complete the remodel and successfully market and sell the house; and

3) the type and content of the documents needed to define my participation and protect my investment, within reason.

Once I reached conclusions on these 3 risk/opportunity factors, I would be able to estimate my Return on Investment (ROI) and my relative risk to obtain that ROI. Oh, and I still needed to come up with the $25,000 of cash!

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