investors nj: (Week One) Lessons From Flipping - 11/29/17 01:42 PM

I'm finally doing something many of my investor clients do: flipping a house in NJ.  
In just the first week since closing, I'm learning how important it is to:
* have a plan of action, including a contractor lined up well in advance
* get quotes on work quickly 
* be able to navigate disagreements with a team of 6 other investors, and arrange meetings
once a week to go over problems and progress
* buffer into your budget at least a 10-15% margin for extra costs 
* TRY to stick to a timeline 
* don't get overly upset when the house throws you a curve -- such … (14 comments)