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Zillow Ignored The Two Most Important Rules In House Flipping

Zillow showed the world how to create a multi-million dollar “train wreck” in the real estate industry. They forgot about the human element – experience and judgment. First they paid too much for the houses they purchased and then they spent too much on repair and renovation. It is a sure-fire formula for losing money in the real estate business. It was a spectacular “train wreck”. An explosion of...

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