What's the biggest lesson you learned from flipping houses?

[Katlynn Teague]

Good Morning BP!

What's the biggest lesson you learned from flipping houses? Do you know use this lesson as a tool in your new flips?

[Scott E.]

I can't sum it up into 1 single lesson. Here's a handful of lessons I've learned, in no particular order:

1. Location is more important than anything else

2. The project will always cost more than your contractor says it will

3. The project will always take longer than your contractor says it will

4. Hard money is very expensive

5. Hire a designer

6. Get a permit when you should get a permit

7. Stage every house before selling

8. Always have a back up plan