In a declining real estate market, it's crucial to minimize rehab costs and speed up the process to maintain current market value. Anticipate a potential 5-10% market drop and price accordingly.
Focus on basic, quick, "lipstick" rehabs rather than high-end renovations, as the latter can lead to greater losses due to time and market fluctuations. Keep your projects short, simple, and efficient to avoid significant losses. To learn more watch Rehabbing in a Declining Market
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