First Flip Confession!!

[Rob Wilcox]

OMG/SMH... I am so embarrassed that I feel obligated to share my vulnerability with the BP community... Quick story - I just burned $200 on fire (figuratively) on my first day of my first flip. It's about the keys to the home. We get the keys, call a locksmith to change the locks. On short notice, this costs us $240...I know, I know...smh. Later that evening, as we are getting new keys made to our new locks, we literally bump into an end cap displaying two deadbolts for $14.98. After a quick conversation with the store sales associate, we realize just how simple the installation would have been had we done it ourselves. Moral of the story to all of us first time flippers: Go to Home Depot first! Hoping this admission helps someone else and saves them some cash 💸💸

[Rob Wilcox]

Budgeted $40k with my contractor but $50k in my financial analysis, so yeah, we should be able to cover this one...everything you read says you will make mistakes, no matter how much practice and prep and mentorship. Studied like crazy and right out the gate...smh...I actually love it though, great lessons and hopefully this misstep will help the thought process throughout the rest of the Flip!