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Jack Mortellaro has been working in the construction industry for nearly twenty years. Jack Mortellaro is the owner of Diamond Construction Properties and has helped flipped hundreds of houses during his career.
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Jack Mortellaro What Not to Do When Flipping Houses
Jack Mortellaro has been working in the construction industry for nearly twenty years. • Jack Mortellarois the owner of Diamond Construction Properties and has helped flipped hundreds of houses during his career. House flipping has once again become a rewarding way to make a profit for many real estate investors
If you’re considering getting into the business of flipping houses, there are a few things you’ll want to avoid doing if you want to ensure you’ll turn a profit.
Be careful not to go over budget on the initial purchase of the home. You may end up with additional costs for upgrades or contractor costs. • Never purchase a home without getting an inspection. If the house has a few cracks in the foundation, or a leaky window, it could be an easy fix or a major expense. Even if you’ve already put an offer in on the house, make sure to get an inspection before going to closing.
Don’t ignore upgrades that should be done. Some houses will only need a fresh coat of paint or new carpeting. Others, however, may need new plumbing or new appliances. Making these necessary upgrades will get you a higher return on your investment. • Like many other business ventures, flipping houses takes time, money, patience, and skill. Jack Mortellaro is a successful real estate investor and the skilled owner of Diamond Construction Properties
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