http://7million7years.com/2008/10/18/the-sensible-flipper/ How to make 7 million in 7 years ... Wed, 08 Feb 2012 08:33:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://7million7years.com/2008/10/18/the-sensible-flipper/comment-page-1/#comment-1902 AJC Fri, 24 Oct 2008 04:25:54 +0000 http://7million7years.wordpress.com/?p=976#comment-1902 @ Steve - Take as much "off the top" as you can; leaving just enough 'in' to grow your business at a sensible pace, because it's not a matter of IF you are "wrong along the way" but WHEN ... because, the market WILL turn again. I love Vegas, Baby (but, for only what I can afford to lose)! @ Steve – Take as much “off the top” as you can; leaving just enough ‘in’ to grow your business at a sensible pace, because it’s not a matter of IF you are “wrong along the way” but WHEN … because, the market WILL turn again. I love Vegas, Baby (but, for only what I can afford to lose)!

]]> http://7million7years.com/2008/10/18/the-sensible-flipper/comment-page-1/#comment-1903 steve Fri, 24 Oct 2008 01:07:48 +0000 http://7million7years.wordpress.com/?p=976#comment-1903 Thanks, this makes a great deal of sense. Personally, I would never do like many flippers do and bank roll all into the next big (or bigger ) deal. I like the idea of taking a little off the top, just in case I am wrong along the way. I'm not a gambler, I like to know I have some kind of insurance(i.e. taking that bit off the top).In effect, it reduces that "risk". My son and his wife recently went to Vagas. They got that gambling fever like so many others do. They played, lost, she cried. I say never risk more than your comfortable losing. Risk to me, is only of the unknown(something you didn't notice or couldn't have foreseen).This is why we want to do our homework(and as you mentioned taking some a splitting it up for other ventures) Thanks, this makes a great deal of sense.
Personally, I would never do like many flippers do and bank roll all into the next big (or bigger ) deal. I like the idea of taking a little off the top, just in case I am wrong along the way. I’m not a gambler, I like to know I have some kind of insurance(i.e. taking that bit off the top).In effect, it reduces that “risk”.
My son and his wife recently went to Vagas. They got that gambling fever like so many others do. They played, lost, she cried. I say never risk more than your comfortable losing. Risk to me, is only of the unknown(something you didn’t notice or couldn’t have foreseen).This is why we want to do our homework(and as you mentioned taking some a splitting it up for other ventures)

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