38 Of 40 Things To Avoid When Investing

38 Of 40 Things To Avoid When Investing

#38 Regulations

One of the tricky nuances, that you will find out very quickly, is that local ordinances change from town to town. That's often why most real estate “gurus” tell you to stick to the same area.

However,  laws change all the time. And it's very important that you understand what your local Town requires before you can get to your exit strategy. Whether you are flipping or you’re holding your exit strategy is what you need to do to get paid from your investment. For example, in Fairlawn you have to get rid of the oil tank to get the CO as with other towns it's basically attorney. So know your local ordinances, know what you have to do, and know your cost.

John Lewis Headshot
Phone: 201-855-9377
Dated: April 3rd 2019
Views: 251
About John: Specializing in Distressed Properties and Foreclosures, I have been regarded as "the angel realtor."...

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