Getting Started in Property Flipping by Michael C. Thomsett

Author:Michael C. Thomsett
Language: eng
Format: azw3, pdf
Published: 2008-06-16T03:41:00+00:00

6. A willingness to cut losses. Not every investment decision will be profitable. Everyone has to accept losses from time to time. The truly wise investor recognizes that it is better to accept a small loss today than hold on too long and end up with a larger loss later.

7. Realistic contingency planning. In any strategy you use, always be aware of what the outcome is going to be in the worst-case scenario. Contingency planning should be designed to help you:

a. Eliminate situations that are simply too high risk for you to pursue.

b. Create the maximum profit outcome in the shortest possible time.

c. Revise your profitability profile if you see greater opportunities through conversion.

d. Minimize losses when the plan simply does not work, so that you do not end up with larger losses as a result of the mistake.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.