Not exactly HGTV: The reality of flipping properties

There’s much more to the process than a glamorous halfhour episode on HGTV. Bryan Joyce, senior commercial loan officer at Emcap Lending, outlines certain factors to consider before planning a renovation that many forget to consider—such as the cost of labor and materials, the time required for city approvals, and the fact that many lenders are rarely willing to extend loans past the planned time of completion.

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