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Updated almost 7 years ago on . Most recent reply

User Stats

44
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39
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David T coello
  • Staten Island, NY
39
Votes |
44
Posts

The book on flipping houses

David T coello
  • Staten Island, NY
Posted

Hi everyone, I'm almost finish reading the book on flipping houses, I cant event tell you how much I can relate to this book! It seems that every mistake i could've made on my journey to getting here, i did!
specially the parts with contractors, over renovating, scope of work - actually the whole book to be honest.

while reading this book all i keep thinking is: yes i did that, and that and that! Man! i wish i could go back in time and start over, but hey we ll start somewhere. in a years time i have learned several things things:

1. If you don't have a clear scope of work you will never finish a project.

2. you cant cut corners with contractors (not all contractors are the same)

3. the more education you have the better off you will be. 

4. i don't want to do the work myself and creating a process is the best way to manage risk, and optimize productivity.

5. * don't trust anyone with your due diligence.

I have 2 properties that i purchase over 1 year ago and i'm finally putting 1 up for sale by the end month. (pa, and NJ)

I can tell you that i learned the hard way.

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