Scott McGillivray

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Last quote by Scott McGillivray

If you plan to flip as soon as possible rather than rent your property, your biggest enemy is time. The longer you hold it, the more money you're spending. Start with something simple, even if the profit is lower, to gain experience. Pick one or two things you can do yourself for a good return on your investment, such as selling it on your own or painting.
Mar 02 2017
This page is completely dedicated to what Scott McGillivray has to say. All of Scott McGillivray’s quotes are organized here by date and topic. The most recent quote attributed to Scott McGillivray came from an article called The perfect flip: “The best opportunities are not found; they are created. Make sure you have enough of a profit margin to cover all the costs, especially the transaction costs. You can reduce some of those costs by selling your property with an online brokerage and sometimes get a rebate if you buy the property that way, too. I'd recommend that people start with their primary residence, because you can build personal wealth by renovating your own home and selling it before you go on to the next project. Your risk factor goes down significantly because you need a place to live anyway.”.
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Quotes by Scott McGillivray

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