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SPEND MONEY TO MAKE MONEY RULE
Start-up in anything usually takes a hard investment. It is money to be spent according to planning with the intent of getting a return on not only the funds, but on time spent too. Its similar to the principal of "if you want to do business, you must be in business". This "outgo" ($$) at first looks like you are going in the wrong direction but that is how making money often begins
PRIME THE PUMP
To sometimes get something started, you have to prod it so that it starts its cycle to produce. Investors and entrepreneurs have learned this principal and practice scrutinizing where to invest instead of should I invest. Money planted into anything needs to come back and then hopefully reproduce itself
BARE NECESSITIES
I recently had a listing where nothing was done to it for 30 years. It was owned by the original owner who made the necessary repairs from time to time and that's all. When he died, it became a rental & the heirs continued with the same approach. They rented it out at less money & did nothing for seven years
RAISE THE RENTS!
I was contacted to manage this property during this stage. I was told to raise rents shortly after I took it over and ... more

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