My Very First Flip

[Peter Lee]

I call this one my "million dollar property".  After seeking out and following advice from "experienced" professionals, I ended up making virtually every mistake possible.  While all these people might have been actually doing these things in "the good old days", it wasn't that time any longer.  I'm still amazed those people were not fined, jailed, sued, stripped of licenses, etc.  I got out of that property with a very small profit, but the lessons I learned were well worth a million dollars!

[Dmitriy Fomichenko]

@Peter Lee

We all make mistakes in the initial deals but the important thing is the learning that comes out of these mistakes. I support your views and it would be great if you can share some of the issues you faced during the transaction. It could be of great help to several investors. 

Congratulations on your first deal!