Running out of cash is the #1 mistake flippers make, so the lender just wants to make sure you’ll be safe in the deal.

A piece of advice that my mentor gave me was that it's better to be the worst house in the best neighborhood than to be the best house in the worst neighborhood.Hope this helps!!!

But it is still the proverbial worst house on the block.  

Your LL made a mistake by say I will contact lawn co.

They make THE worst guests.I also believe if you’re hanging out with people that want to stay in one of your properties at a discount it’s time to level up your friends 😂Past guests -I don’t have an issue with giving a couple bucks off but it’s been ages since Ive needed to.... they don’t ask.

For us personally, if none of the above were true, no way would we have taken out the 401K.I completely understand the point about losing your compounded future savings, as my husband made the same mistake many years ago and regrets it to this day.

Use this money as your reserves so you never have that same feeling in your stomach as you had during the worst of the pandemic. 

I know there will be mistakes on the way but getting as much advice on real estate can hopefully reduce the amount!

I’m hungry to learn fast and humble enough to learn from someone else’s mistakes and take advice I’m given.

Luckily we had enough capital for the unforeseen craziness, and we're able to make about 12% net profit even I felt I made tons of mistakes on our first flip.