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Updated almost 3 years ago on . Most recent reply
Words From a Wise Investor
Hi. Think back to when you first started your real estate investing journey. You are ready to purchase your first fixer upper. Knowing what you know now, what advice do you have for yourself?
Most Popular Reply
Benjamin Aaker
Professional Services
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- Rental Property Investor
- Brandon, SD
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Happy to tell you I lost $8k on my first flip. Not happy to lose it but happy I'm still investing. If I did it over again, I would make sure I got accurate estimates of the rehab needed prior to purchasing it. I made some assumptions that didn't turn out to be true. I would also realize that losing 8k on your first deal is a very inexpensive way to get a great education.