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Updated about 10 years ago on . Most recent reply

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Ray Jimenez
  • Flipper/Rehabber
  • Miami, FL
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Number One Problem In Buy and Flip

Ray Jimenez
  • Flipper/Rehabber
  • Miami, FL
Posted

What do you find the number one problem that most Real Estate Investor come across when doing there first buy and flip?

Most Popular Reply

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Linda Weygant
  • Investor and CPA
  • Arvada, CO
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Linda Weygant
  • Investor and CPA
  • Arvada, CO
Replied
Originally posted by @Ray Jimenez:

What do you find the number one problem that most Real Estate Investor come across when doing there first buy and flip?

 It boils down to two issues:

1.  Underestimating costs and/or scope creep.

2. Overestimating ARV

Any other problem that comes up can really be boiled down to one of those two issues.

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