The book on flipping houses
Hi everyone, I'm almost finish reading the book on flipping houses, I cant event tell you how much I can relate to this book! It seems that every mistake i could've made on my journey to getting here, i did!
specially the parts with contractors, over renovating, scope of work - actually the whole book to be honest.
while reading this book all i keep thinking is: yes i did that, and that and that! Man! i wish i could go back in time and start over, but hey we ll start somewhere. in a years time i have learned several things things:
1. If you don't have a clear scope of work you will never finish a project.
2. you cant cut corners with contractors (not all contractors are the same)
3. the more education you have the better off you will be.
4. i don't want to do the work myself and creating a process is the best way to manage risk, and optimize productivity.
5. * don't trust anyone with your due diligence.
I have 2 properties that i purchase over 1 year ago and i'm finally putting 1 up for sale by the end month. (pa, and NJ)
I can tell you that i learned the hard way.