Confessions of a First-Time Flipper: What I Wish I Knew Before I Started!

[John ONeill]

I thought it would be fun to start a thread where we can share our craziest fix-and-flip stories, biggest "oops" moments, and the golden nuggets of wisdom we've picked up along the way. Whether you're a seasoned pro or just thinking about your first flip, let’s laugh, learn, and maybe even cry together! 😂

What’s the most unexpected thing that happened during one of your flips?

And for those who are still thinking about getting into the flipping game—ask away! No question is too silly, trust me, I’ve asked them all. 🙈

Looking forward to hearing your stories, tips, and maybe even some horror stories (because let’s be real, we’ve all got a few). Let the flipping fun begin! 🛠️✨

[Ke Nan Wang]

I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system. This is an area that home inspectors typically do not cover in their reports. Most time you need a plumber to scope the drainline and report the condition. Even if you want to roll the dice, at least is a calculated risk, not a surprise down the road. If the house has a septic system, especially if it's an older one, it's worth the investment to have a septic inspection done.

This concern is particularly relevant for those planning to buy and hold the property rather than simply fix and sell it. Imagine investing in all new, beautiful finishes, only to discover that the drain pipes are faulty and need to be replaced—an issue that could have been identified and addressed beforehand.