How to Handle Issues After the Flip is Over

by | BiggerPockets.com

One thing does that doesn’t get discussed during all of the flipping shows on TV is what happens after you sell your fix and flip to a homeowner. Most times, the homeowner is happy, and you and your team are onto the next project. However, issues can absolutely arise after the property is sold. How do you handle it as the developer? This is an important question to answer and to determine ahead of time.

Related: 3 Ways to Fund Your Very First Flip

How to Estimate Rehab Costs!

Estimating rehab costs accurately can make or break your real estate business, and it takes years of experience for even the best rehabbers to master the art. However, you can expose yourself to less risk and get more accurate with your projections by learning how the pros think when estimating construction costs.

Click Here For Your Free eBook

Issues Post-Flip? Watch This.

During today’s video, I share some tips to help you when you find yourself in this situation, including the following:

  • Purchasing a warranty
  • Listening and discussing
  • Involving the contractor

I hope today’s video is helpful to you. Let’s get into some discussion.

What strategies have you used in these sticky type of situations?

Thanks as always for watching and commenting!

About Author

Matt Faircloth

Matt Faircloth, Co-founder & President of the DeRosa Group, is a seasoned real estate investor. The DeRosa Group, based in historic Trenton, New Jersey, is a developer and owner of commercial and residential property with a mission to “transform lives through real estate." Matt, along with his wife Liz, started investing in real estate in 2004 with the purchase of a duplex outside of Philadelphia with a $30,000 private loan. They founded DeRosa Group in 2005 and have since grown the company to owning and managing over 370 units of residential and commercial assets throughout the east coast. DeRosa has completed over $30 million in real estate transactions involving private capital including fix and flips, single family home rentals, mixed use buildings, apartment buildings, office buildings, and tax lien investments. Matt Faircloth is the author of Raising Private Capital, has been featured on the BiggerPockets Podcast, and regularly contributes to BiggerPockets’s Facebook Live sessions and educational webinars.

3 Comments

  1. Rogelio Miramontes

    Very nice article and video!

    Outside of real estate investing, i have a background in the criminal justice field. Most of the criminal complaints brought forth against contractors for prosecution, per my experience, have shown that the owners/principals of the contracting business or firm have a history of crimes involving DECEPTION. So these crimes would not be violent crimes, rather, crimes such as theft by check, forgery, execution of document by deception, embezzlement, misapplication of property as a fiduciary, failure to provide full and fair disclosure, etc.

    As part of a due diligence in hiring contractors, I strongly encourage a criminal background check.

    R. Miramontes

  2. Letitia Harris

    An excellent video, thanks! I’m glad to know about the other methods of handling possible problems, down the line. I’m diligent about fixing everything that’s found on my initial inspection when I purchase a flip, and don’t cut corners.
    Strangely, I’ve had offers from people who for some reason, didn’t check off the Home Warranty box when placing an offer! I’ve had my realtor correct that, since it’s cheap protection for both me the seller, and the buyer. So far, so good. I just sold my last flip last Monday, and am looking for the next one…

Leave A Reply

Pair a profile with your post!

Create a Free Account

Or,


Log In Here