Most common unknowns while flipping

[Kanwar Sodhi]

Hey flippers, what are the most common unknowns you've come across while flipping and how much of your budget did it take up?

[Tim Mcbee]

Unknown #1: Time selecting finishes. I would start with some kind of template: look here or online about colors that work, flooring and lines of lights and fixtures that will remain as thoughtless decision in the finish selection process. It is extremely helpful for your contractor to know all of this up front. Unknown #2: Here in Charleston it is not knowing what is under the house! Have a inspector come by and do a pre-purchase inspection. I do it by the hour and it usually runs $100 for 1.5hrs. This helps know if it is a major foundation issue or just anything that the inspector will find when you go to sell. Unknown #3: Knowing what kind of selections for your ARV market. Although granite is cheap these days, you don't always have to have the extra costs in when the buyer doesn't necessarily card if it is granite or Formica. Message me if you ever want to develop for Q&A