Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

45
Posts
14
Votes
Fred Joaquin
  • Glendale, CA
14
Votes |
45
Posts

Single best piece of advice to a rehabber on his first project

Fred Joaquin
  • Glendale, CA
Posted

Hello all! I've been wholesaling for a few months now and may be doing my first fix and flip project off of one of the deals I recently put under contract. It seems like a great opportunity, and I've had some investor education on the fix and flip process, but I know there's a lot more than just education to it. So... I decided to tap into the collective knowledge of the  BP community! I know there's going to be  some hiccups along the way and I'd like to minimize those as much as possible to make this potential project a success. Any suggestions? I realized you don't have much  details on the project so it may be difficult to advise.  I'm just looking for best practices, guidelines, rules of thumb, any general rehabbing wisdom you can share. Thank you!!

Most Popular Reply

User Stats

13,926
Posts
12,727
Votes
Replied

On a first flip the costs will exceed estimate by a minimum 25% and the estimated time line will double.

Loading replies...