Tip #1- Don't Set Yourself Up To Be Fooled by the Seller! 

Always approach with you Plan out in front of your actions! Not having a plan is a recipe for disaster! One of the fastest to one million dollars or in real estate investing is to have a solid plan! Just Plan baby! 

• Plan your research
• Plan your marketing to sell
• Plan how you're going to renovate the property etc.

Tip #2- Never Pay Full Price For Late Repairs Or Construction:

You must have a penalty clause written in your contract that punishes the contractor a certain amount of money each day, say $125 when he does not finish on time.

Let's keep it real! You must institute financial hurt in the form of a penalty clause so that it is clear what he is losing by not standing up to his side of the deal. Fear of loss and you have their undivided attention.

Tip #3- Over Improving A Property In the Wrong Area:

Renovating a property is no secret and we all can do it right! But overdoing it will hurt the bottom line profit potential. Not saying that you shouldn't put out quality work that looks great and done right. Sometimes you need to know when marble floors are not needed, Granite Counter Tops, etc.

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