The Theme Amongst Many Failing Flippers

[Sebastian Hernandez]

Over time I have seen many people over-pay for properties they plan to flip, and then try to make it up by trying to work with the cheapest providers. Often times resulting in bigger headaches like bad jobs, massive delays, do-overs, and even losing money on the flip. On the other hand, successful investors understand that and they focus on purchasing at the right price and following their plan achieving a profitable investment. 

A and B players in the contracting space are not interested in being the lowest costs providers and in flipping having the right contractor will be key.

Just my two cents, welcome any thoughts/comments.

[Bob Stevens]

Many simply have no idea what they are doing. It frustrates me to see posts, " I do not know the ARV, so how much should I pay. REALLY !!! If you do not know the basics you should not even be looking. or " I paid X and was expecting the reno to be 50k, its now 100k, what do I do " Again really!! How do you buy a property without know the reno budget.

Everyone needs to understand you make your money when you buy

All the best