Hard Money Bankers - Money And Cat Urine

How is that for a bizarre title? What do money and cat urine have in common? What does that have to do with being a real estate investor? Simple - The best deals you will find are the ones on properties that are in such bad shape that people simply do not want to deal with the asset. There is a great saying by a flipper in South Jersey where he said ' When I walk into a house, if I smell cat urine, it's the smell of money.' What he is saying is that this house is so bad, that no one wants to deal with it. Properties that are in good condition are not going to be the most profitable deals in most cases. You have to be comfortable dealing with properties that are run down, uninhabitable and abandoned if you want to make it in this business.

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