Keep them updated on the project's progress, especially if you encounter any unexpected issues or delays.- Consider using hard money loans as a bridge to longer-term financing if you're planning to keep the property as a rental.

We are delighted to keep her!!!

It simply takes more knowledge to be able to consistently have positive outcomes flipping homes, and buying a property that has unexpected expenses can quickly tank a project. 

Done properly, an investment made today should have “priced in” the factors the were previously unexpected and resulted in trouble. 

I have just enough to complete everything, but don't want to strapped for cash in case something unexpected happens until I can finish renovating and get the property cash flowing again. 

However, we faced a few unexpected challenges:A hailstorm damaged the roof while the property was under contract.The main water line to the property failed.

@Ronald MejiaYou can buy in cash and or use a large down payment, 60% for example and you can lock in a rate that cashflows so you can have some liquid cash for unexpected expenses or use that cash for the down payment on the next BRRRR.

Plan for the Long TermTax Planning: Understand tax implications and consider strategies such as 1031 exchanges for deferring capital gains taxes.Estate Planning: Develop a plan for passing on your real estate investments to heirs.Additional Tips:Stay Disciplined: Stick to your investment plan and avoid making emotional decisions.Continuous Learning: Real estate markets evolve, so stay updated with industry trends and regulations.Risk Management: Be aware of risks such as vacancies, unexpected expenses, and interest rate fluctuations.By following these steps and remaining committed to your goals, you can progressively build wealth and achieve financial freedom through real estate investing.

*Risks:* There are risks such as unexpected renovation costs, longer holding periods, and market downturns affecting the sale price.

-Keep a fund for unexpected costs and vacancies (CapEx)Learn from Others:-Join real estate groups and forums to get tips from experienced investors.