what's more important finding a great deal or managing rehab correctly

[David Amir]

Something I’ve been noticing lately with investors:

The people making the best deals work aren’t always buying the “best” properties — they’re usually just better at controlling the rehab process and avoiding expensive mistakes.

I’ve seen average deals turn into strong profits because the investor stayed organized and kept the project moving.

And I’ve seen great deals get crushed by:

• poor contractor communication
• slow decision making
• weak scheduling
• overcomplicated scopes
• crews constantly waiting on each other

Made me curious:

What do you think matters more on a flip:
finding a great deal
or
managing the rehab correctly after closing?

Interested to hear different opinions on this.

[Joe Villeneuve]

In reality, that's like asking what's more important, air or water.

The answer is neither is more important. Saying that one might be more important the other, is admitting that the REI is going to make a bad deal ahead of time. It's a way of rationalizing that bad deal.

They're both just as important.  You stated above why already.