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and various multimedia functions to create an easy and enjoyable news experience for users. "It's very easy to navigate, very visual and very easy to read," Jeremy Steinberg, Fox News VP of Digital Media Ad Sales and Business Development told Mashable. The Fox News app features a Happening Now section, where users can read the day's top stories, along with the Fox News Ticker, which can send the latest headlines straight to users' desktClelland, president of Mack Companies, a redevelopment firm based in Tinley Park, Ill. You'll have a better understanding of the types of homes that are most in demand, and thus have the best shot at getting the highest return on your investment. Have a plan B: What will you do if the house you bought and renovated doesn't sell? Renting is one obvious solution, but not all homes--say, those in remote areas, for example--make viable rental properties. Other options include occupying the property yourself until it sells, or cut your asking price (which unfortunately will cut into your profits). Work with a Realtor: Sure, they will make money on your transaction, but "you need 'em" all the same, says McClelland. When it comes time to sell your property, a good Realtor can be invaluable in attracting potential homebuyers. Many Realtors also have contacts with experienced trades people who can help during the renovation process, says Elizabeth Mendenhall, a Realtor and broker, and chief executive officer with RE/MAX Boone Realty in Columbia, Mo. The hardest part for you will be factoring in the Realtor's costs. Start with the end in mind: Before buying a house, get a good handle on its likely value, post-rehab. From this, subtract the costs you will incur to renovate it, the Realtor's commission (if you choose to work with one), as well as the profit you would like to make. The resulting figure is your purchase price. If you cannot get the house for this price, and you do not want to cut your profit margin, find another property. Be modest: Honestly assess which projects you can tackle on your own, and those which will require outside help. Keep in mind that while you may be able to handle some projects and save on the out-of-pocket costs, prospective buyers will be comparing your work against that of professionals, says Mendenhall. Don't quit your day job: Keep your day job, at least when you start. To earn a living at flipping, you'll need to have about a half-dozen projects going at once, McClelland estimates. It is better to start small so you can gain some experience and grow steadily. It is certainly worth mentioning that many "professional" flippers either lost their businesses or they took a serious hit when the housing downturn struck. Even a slight negative blip on the economic radar could spell trouble for less-experienced flippers. Mistakes to avoid Overlooking costs: If you would prefer not to lose money on a project (presumably, that is the case), you have to identify every cost you are likely to incur. Some, like permit fees and the cost for waste disposal, are easy to overlook, but add up to an amount you need to factor in. Going outside the box: Looking for cute or unique properties "can kill you on the remodeling costs," says Evans. Instead, focus on the basic house that is most in demand in your market. It may just be a three-bedroom, two-bath ranch house in a neighborhood with decent schools. Being impatient: Assuming (and thus budgeting) that the process
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