Top Adding - Real Estate

The Way To Flip Successfully The First Time

There is one way that you can avoid a lot of stress, not loose all of your free time, spend money when you have it, and learn the skills for your future projects. Simply by pu

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

rchasing your first flip and live in it until you are ready to flip it.

Where do you live now? Do you rent, or own your own home? If you want to have a successful first flip you can purchase a house, after you have followed t

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

e guidelines I will set out for you, move into it, improve the property, flip it when the time is right, and make money. Many our flips were done this way.

b>Option 1 The benefits of moving into your first flip home, com

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

pared to purchasing a home to renovate for a quick flip but not living in it, are many.

Benefits Of Living In Your First Flip

You turn your rent money into equity
You are not under the gun for de

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

dlines

You can save money and do projects as you can afford them

You can take more time learning about carpentry, decorating etc.

You can shop for bargains and save even more

You don't have to worry about subcontrac

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ors showing up for completion deadlines

You may be able to take advantage of free labor of friends and family

You don't have two mortgage payments to make.

You won't be under stress of deadlines

You will be able to

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

enjoy much more of your free time

You can wait until the market is right for a sale

The Downside Of Living In Your First Flip

You plan on moving in three to four years
You may have to

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

live in the midst of partially completed projects

You renovate to sell not to live in

Your end profit will take a little longer to realize

b>SIDE NOTE Someone once asked me how I considered a renovation ov

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

er three to four years a flip? A property you purchase to sell and make money on, and that you renovate for that specific purpose is a flip, plain and simple.

Normally when people buy a home, they plan on living in it for a nu

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ber of years. Eventually they improve, renovate, etc. to their "own tastes". This does not always favor a future sale. Sometimes people's personal taste in decorating, furniture, etc., can get in the way of a fast sale, or getting top

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ollar. Remember, your tastes are not everybody's tastes. If you have very eclectic tastes then your property may appeal to even less of the market.

In moving into your flip, you are not only saving yourself a lot of possible h

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

eadaches, stress and financial burden but just as important, you will not be upgrading, decorating, etc., to suit your "own tastes". Instead, following guidelines and using resources we will discuss in later articles, you will

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

e developing the property for the largest possible group of home buyers. This is crucial for a successful flip. You need to save your own personal decorating tastes and ideas for your dream home.

Option 2 What about pur

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

chasing a home, you will not live in for a quick flip.

Benefits Of A Quick Flip You Are Not Living In

You will not have to move
You will not have to live in the midst of partially completed proje

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

Your end profit may come quicker

The Downside Of A Quick Flip You Are Not Living In

You are under the gun for deadlines
You may not have enough self-contractor experience
You

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

ay be dependent on subcontractors for completion

You have to find subcontractors

You may pay more for labor in busy times

You may run into unexpected repair problems

You have less time to shop for money saving barga

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ins on materials

Your completion may be affected by the weather

You may have to make two mortgage payments

It may cost you more money than anticipated (and probably will)

It may take you more time than anticipated (

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

nd probably will)

You will have less free time

You may have increased stress

The MTM factor could ruin you

If it's your first flip, option 1 is a much better scenario for you. If you know what you are doi

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ng, have the necessary experience and contacts, you may want to try Option 2. (Personally I normally go with Option 1 myself whenever I can). Once you have the experience, you can grab a real deal that you can make money on quick, if a

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

d when it comes available. (Not very often)

It will take you a few flips to gain the experience and contacts to make a quick flip work.

Next article in this series...the 3,2,1 times 2 theory to your dream home.

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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