There is a line from the movie “Rounders” that states we rarely remember our winning poker hands, but we can cite with incredibly accuracy the big ones we have lost. The same can be said for the world of real estate investing. For every success story it is easy focusing on the ones about the terrible tenant that prompted an eviction or the unexpected issue with a properties foundation. These negative stories leave the average investor hesitant to act and apprehensive to conduct business. The reality is that these negative stories are truly the exception rather than the norm. Furthermore, in most cases they are usually caused by an oversight, negligence or even overconfidence. Running into unexpected situations happens from time to time, but you can take measures to minimize your downside. Here are four ways to always protect yourself and your business.
Protection is the name of the game for any business. If you are worried about losing money or getting involved in a nightmare scenario there are plenty of things you can do to protect yourself. Start with these four basic tips and go from there
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