Dr Cash Home Buyers
Dr Cash Home Buyers
Jun 9, 2022
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$881 Million In Real Estate Losses Real estate home buyers and home investors are an optimistic bunch. Their business, sometimes called house-flipping or flippers, is based on the formula of buying a house, making repairs and renovations, and selling it for a profit. But there are a lot of ways that formula can be turned upside down. A division of a major corporation, Zillow Offers, realized after 3.5 years that the business requires more than computers and good software. It requires the human element. The first and most important "rule" in real estate investing is NOT to over-pay for a property. The second "rule" is to accurately estimate the costs for repairs and renovation. Breaking one or both of these rules can turn a potential profit into a loss. Breaking these rules hundreds of times can severely damage or bankrupt a major corporation. Do you want a fair offer to sell your house? Call us Today.