When evaluating a fix-and-flip property, how do you estimate the rehab budget before committing to the purchase? I'm interested in how investors account for hidden repairs, holding costs, and financing expenses when determining whether the deal has enough room for profit. What's your process for ...
From the threads here, overruns rarely come from one big surprise. They come from a lot of small ones nobody wrote down. Here's a simple structure that seems to catch them early: Break the budget into trade categories (demo, framing, electrical, plumbing, HVAC, roof, windows, drywall, paint, floo...
I keep getting a version of the same question: why did one investor close a flip with nothing down while another had to bring $25,000 on a cheaper house? In my experience it comes down to four things on the file, and most people only think about one of them. The property. What the after-repair va...
I’m curious how investors and people working with investment deals are approaching opportunities right now. Are you finding the biggest challenge is sourcing deals with enough margin, managing rehab costs, securing financing, or making the numbers work on the exit? I’m also interested in what mak...
One thing I don’t see discussed enough in fix-and-flip investing is the timing of rehab funding. You can have a profitable deal on paper, but if your lender releases rehab funds in draws, you could end up paying contractors and purchasing materials before getting reimbursed. That can put a seriou...
I’m interested in how real estate investors track contractor performance across multiple renovation jobs. For those who use spreadsheets to compare bids with actual costs, timelines, and change orders: - At roughly what number of active jobs or contractors did tracking become difficult, if it eve...
One thing I’ve noticed with fix-and-flip investors is that sometimes the biggest challenge isn’t finding a profitable deal. It’s having enough available capital to take advantage of the next opportunity. You might have $80K or $100K tied up in a renovation, and another good deal comes along befor...
One thing I’ve noticed about real estate investing is that even a great deal can turn into a stressful situation when unexpected expenses start adding up. You might have the purchase and renovation costs covered, but what happens when you discover additional repairs, materials cost more than expe...
Good morning — I've done a handful of rehabs, and the part that still trips me up isn't estimating the budget up front, it's tracking the actual spend once you have the keys in your hands. Receipts pile up, I split some costs with a partner, and by the end I'm rebuilding everything in a spreadshe...
One thing I’ve noticed about real estate investing is that knowing when to walk away from a deal can be just as important as knowing when to buy. A property might look like a great opportunity, but once you factor in repair costs, holding expenses, financing, and potential surprises, the numbers ...
Buying Baltimore from another state? Your local person IS your due diligence. I'm the contractor investors call after it goes sideways, and nearly every disaster story starts with "a guy was supposed to check it." Five checks before any money moves. **1. License and insurance you verify yourself....
One thing I’ve noticed is that finding a good deal isn’t always the biggest challenge for real estate investors. Sometimes it’s having enough available capital to take advantage of the next opportunity. You might have one property under renovation, contractors waiting to be paid, and holding cost...
I've been spending a lot more time looking into properties that need some serious renovations, and it's interesting seeing how differently investors approach them. I'm curious, when you're looking at a property that needs a lot of work, what's usually the biggest deciding factor for you? Is it th...
I've been curious about something lately. When I talk with investors who are actively flipping, some are finding deals that work really well, while others are passing on properties that would've looked attractive a year or two ago. And it's not always the purchase price. Sometimes it's the rehab ...
Hey everyone, I'm looking to connect with more active real estate investors in the Houston area and learn more about what people are working on. I work with Civic Financial Services, helping investors explore financing options for fix-and-flips, bridge loans, ground-up projects, and rental proper...
I’d love advice as well as pointing me toward more information. First time homeowner. I own a 1927 bungalow in north Portland that I’m house hacking with a full permitted, detached ADU that I rent for $2,035/mo (or gross up to 4k/mo on Airbnb in summer). Vacant for probably 6 days/yr. Mortgage is...
Curious to see what other investors are seeing with Fix & Flip projects lately. Between rising rehab costs, contractor delays, holding costs, and making sure the numbers still work, there's a lot that can affect a project's profit margin. What's been your biggest challenge on recent flips, and wh...
An investor I work with told me this week that rates and property taxes have made it hard to find a deal that pencils. Fair complaint. The 30-year average hit 7.28% on October 1, highest since late 2023. But on a flip or a BRRRR you only pay the rate for the months you hold. You pay the price for...
ATTOM's second-quarter flipping report came out at the start of the month and Texas looks rough. 8,389 flips, and the typical gross return was 2.8%. A year ago it was 6.5%. Gross profit went from about $18,100 a flip to about $8,100. And that's gross. Take out the loan, taxes, insurance and selli...
For decades, US investors have relied on fix-and-flip: buy undervalued properties, renovate them, and sell for a profit. But what if there were another way to pursue property appreciation without managing contractors, renovation budgets, and unexpected structural problems? Dubai's off-plan market...
As a lender, I've been getting more inquiries lately from foreign nationals looking for financing to get into fix & flips in the U.S. market. It got me thinking about those who've already been through the process. For foreign nationals who've been flipping in the US for years, what were some of t...
Hey BP Family, I'm an Investment Agent for an off market brokerage in Houston. Lately, I've been receiving mixed emotions from the investors and landlords I work with. On one hand, I receive feedback from investors saying that the market is too terrible to keep investing at the volume they once w...
Underwriting sanity check: 70% of BCAD minus repairs vs 70% of ARV minus repairs vs BRRRR backup - Am I double-conservative? Hey BP, Long-time lurker, first-time principal. I've been wholesaling / bird-dogging in San Antonio / New Braunfels and I've been underwriting super conservative to stay sa...
A lot of investors run the numbers based on everything going according to plan. But what happens if the property sits on the market longer than expected? Before getting into a flip, I think it’s important to know your backup strategy. Maybe that means adjusting the price, refinancing, renting tem...
A lot of investors focus on the purchase price, rehab budget, and ARV, but holding costs can quietly eat into the profit. Before closing, I think it’s important to account for things like interest, utilities, insurance, taxes, maintenance, and the possibility that the project takes longer than ex...