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You Can't Be a One Trick Pony
Times are changing… and you need to change with them. If you don't, you could find yourself in a serious cash flow crunch. As interest rates rise, houses are sitting on the market a little longer. In some areas, it's taking as long as six or seven months to sell a house. If your whole business is based on rehabbing houses then selling to retail buyers, it will take much longer to get to payday. Unfortunately, there are still checks that need to written every week to cover holding costs, contractors, and other operating expenses. To make matters worse, house prices are dropping in some parts of the country. So that $35,000 paycheck you were counting on, could turn in to a $15,000 check or less. How can you solve the problem? . . . (to read the remainder of this article, please log in below.)
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