Should I just jump on the next property I see.

[Leon Chappell]

Im having a hard time finding a property to flip for my first time. I don't know if it's my market or my skills at finding properties. I want some experience though. I was thinking maybe I could just try to break even or possible risk losing a little on my first property just to get my feet wet? Any suggestions?

[Kurt G.]

We got frustrated and 'jumped' on our first property. We justified un fixable problems by saying we would make everything else so nice that buyers would look past them. They didn't. We also knowingly gave up a critical backup exit strategy due to HOA rules, and then needed them when we were having a hard time selling. Although we made a little (~$5,500), it was pure stress and we learned never to compromise on certain issues. Don't let frustration push you into a bad property, instead learn where to find a better deal.