Ward's idea of manual labor

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Elbow Grease

Posted by Sean Wagle on March 29, 2002 at 12:00 AM

A common theme of "fix and flip" books is to put "sweat equity" into the property.

Is it realistic to think that a property can be bought at auction, and rehabbed entirely by contractors, -profitably- without the buyer getting his hands dirty? Does that change the goal of "get it at 80% FMV?"


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