1. When flipping houses, you should a. Have enough capital income and skills to make the necessary improvements and cover the cost of repairs and mortgage payments. b. Quit your day job so you have...

1. When flipping houses, you should

a. Have enough capital income and skills to make the necessary improvements and cover the cost of repairs and mortgage payments.

b. Quit your day job so you have time to make the repairs and flip the house sooner, so as to get a better return on your investment.

c. Hire unlicensed contractors because they are cheaper and will save you a lot of money.

d. Borrow as much money as the bank will lend so you have a financial cushion; then you can use that money to pay off other debts and credit cards.