Moved into a duplex to house hack a year ago, learned a ton on the first deal (which took about 2 months from beginning the search to closing) and then rehabbed it myself (which took 7 months and way more money than anticipated).

As a successful investor, I will be going to share a checklist that will serve as your guide on anticipating and understanding all the repair costs of your fix-and-flip project.Read on and take note of these critical things listed below.The House – Be carefulThe most obvious thing is to determine the condition of the house.

I only had to level a small addition but it was built so poorly it cost way more than I was anticipating.

If so, I agree, that’s safer than a 10% hard money loan sitting on your *** ;)But also note that the article above shows the flipper selling for a lot lower than what he anticipated.

Rehab costs are always more than anticipated and its had to find good contractors.

I’m also grateful for my family who stood by me in this crazy venture of mine .2020 looks pretty bright and i anticipate a lot of success in the next year .

The ARV is fine, and kind of tough to anticipate sometimes on higher unit multi's like triplexes, but I think it's good you go conservative there. 

But ultimately, I anticipate the seller deferring to a cash offer if I do not cover the gap...Thank you all for your advice.

The anticipated delivery date may inform whether or not you file for an extension. 

I imagine the hard money or lack of anticipated resources to finish must be creeping.