KW Philadelphia Presentation - Don't Save It
Deciding on the end value of a potential flip property is likely the most important decision to make when buying a property. It is the point of origin for all other decisions. One frequent mistake I see people make is thinking that the resale value they will get for a property that 'saves some items' vs a house that has replaced everything will fetch the same end price. This is not the case 99% of the time. The logic behind it states 'why would someone pay the same price for something that is used vs something that is new'. When going into a flip, plan on replacing everything. Saving items is a very tricky line and can hurt you very quickly in the end.
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