Not every rehab and flip deal you get involved in will be successful. With poor planning and unrealistic numbers you can and sometimes will lose money. As much as investors don’t want to hear this they need to recognize the possibility. All it takes is a few small mistakes to turn a profitable looking property on paper to one you struggle breaking even on. In a perfect world the mistakes you make will be small enough in nature that you can use them as a learning experience. However the bigger the mistake the more costly it will be. Instead of making mistakes on your own it is best to learn from the mistakes of others. Here are five house flipping mistakes you need to avoid.
Flipping a house means staying on top of the little and not so little things. Whatever you do avoid these five common mistakes at all cost.
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