Real estate investing - Cutting corners

[Kane Griffin]

Hello all,

As a new investor I would like to get some insight from the experienced real estate investors. So everyone who buys real estate whether its a filp or a rental knows the goal is to keep expenses as low as possible to make the highest return. I would like to get your opinion on the corners you can/should cut as well as the corners you cannot/shouldn't. What are some of the things that you tried to save money on that ended up costing you more? As well as some of the areas you can consistently save money on. I know as a general contractor that the cheapest bid can sometimes cost you more money/time in the long run. 

[Twana Rasoul]

As a general rule it is probably a good idea to not try and cut corners to make a quick buck.