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Updated over 4 years ago on . Most recent reply

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641
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Jose Castillo
  • Flipper/Rehabber
  • Springfield, MA
204
Votes |
641
Posts

First flip in Massachusetts results

Jose Castillo
  • Flipper/Rehabber
  • Springfield, MA
Posted
Just looking for any advice from investors in Massachusetts. What did you guys learn from your first flip and what would you recommend a newbie to do prier to their first flip? Thanks

Most Popular Reply

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264
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104
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Jim Sestito
  • Investor
  • Cambridge, MA
104
Votes |
264
Posts
Jim Sestito
  • Investor
  • Cambridge, MA
Replied

First one is your education - 

- Make money when you buy not when you sell.

- Run conservative numbers - renovations have a way of snowballing $$$.

- Do these as fast as you can afford (holding costs add up quick)

- Price it right (price it to sell).

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