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Smoking Kills Good House Rehabbing Deals

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Here at Rehab Real Estate, we’ve always tried to associate good business practices with health? Why? Simple: Because they are both good investments. Now the culprit of the day is the one most of us will probably coddle for life at the expense of our own health and take note, of our own profits when house rehabbing or doing any other forms of real estate investing.

Dow we even need a drum roll for this one? Smoking. You’ve hear your physician say it again and again and he quips that he’s exempted from the rule as he’s a doctor. Oh life. But when doing home rehab, you will need strength, especially if you’re involved with the actual repair job. And if I may refresh your memory, medical bills is among the top causes of bankruptcies in the country.

If you become unfit in the middle of a house rehabbing project, that’s going to cause unnecessary delay on the expected completion date. A late completion date is another holding day, an opportunity to sell and earn money sooner wasted.

If you want to get more mathematical about how smoking can kill your house rehabbing deal, look at this: If you’re puffing a pack of $5.33 a day, that’s $1,945 in a year. You’re throwing away, or shall I say, “burning” money, brother. That’s also $9,700 in five years. If you’re into wholesaling houses and not a home rehab, your two days’ worth of nicotine could already serve as an earnest money deposit.

Making sense here? Quit the stick and start finding good house rehabbing deals now.

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