What did you learn from your first deal?

[Katlynn Teague]

Good evening BP, hope everyone had a productive day today.

As a newbie real estate agent in the investment field, looking to do my first flip in the next year. The thought of flipping a home is scary, many things can happen you are not prepared for. A house that looks like it would be a cosmetic flip might have serious underlying issues or you might luck up and have it be close to prefect! How did you go about your first deal? Were you nervous or scared? 

What did you learn from your first deal? What was your biggest lesson that you learned that changed how you went about your second deal? Would you change how you did anything? 

[Eliott Elias]

If you are new hire an inspector and contractor to come out and take a look at the property. There is not much the inspector will miss, you should pretty much have a dollar amount for everything that could possibly go wrong. Make sure you add a cushion in your construction rehab.