All Forum Posts by: Deborah Wodell

I feel like every project has its curveballs, and sometimes it’s the unexpected stuff that teaches us the most. Maybe it was a hidden issue that turned into a big project, or a small upgrade that made all the difference. Either way, I’d love to hear your stories!

Also, any advice for avoiding those unexpected surprises (or at least making them less painful) would be super appreciated. Let’s hear it!

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✅ Up to 90% Purchase Price + 100% of Renovation Costs (70-75% ARV cap).
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Whether you're new or experienced, we work with a trusted network of lenders to customize the perfect funding solution for your flips.

Sent a message! If you’d like, I can share a few recommendations or resources to help get you started. 

It's great to hear that you're considering deploying your cash into another property and looking into DSCR loans—they're a fantastic option for investment properties when cash flow is strong. I've sent you a DM to discuss this further.

Would love to discuss! Sent you a dm

Dalton, I completely understand how frustrating a low appraisal can be, especially when your CMA supports a higher ARV. If you're confident in your comps, it may be worth discussing with the appraiser or lender to see if there's room to provide additional context or request a review. I can see where the concern lies with those tight numbers. looking at your breakdown, the margin leaves very little room for error, especially with holding costs and commissions eating into your profit. If the comps truly support $280–$290K, the appraisal might not hinder your final sale price, but it's critical to prepare for hiccups. Maybe revisit your rehab scope or renegotiate the purchase price. Playing it safe might mean walking away if the numbers can't improve. Your call, but tread cautiously!

Getting a General Contractor (GC) license can be a smart move, but it depends on your priorities as a flipper. It might save you money on labor and give you more control over projects, but it also means taking on more responsibility for permits, inspections, and subcontractors. If you enjoy the hands-on work, keep in mind that managing as a GC might pull you away from that. Alternatively, partnering with a reliable GC can help you scale without adding extra responsibilities. It’s all about aligning it with your long-term goals.

Hi Randy!

It's awesome that you're diving into house flipping, rehabbing, and BRRRR strategies. Starting with education is key, so you're on the right track! I'd recommend networking with experienced investors, joining local real estate meetups, and exploring resources like BiggerPockets podcasts and forums.

For hands-on experience, consider partnering with seasoned flippers or shadowing contractors to learn the ropes. Also, focus on building a solid understanding of deal analysis, financing options, and project management—it’ll save you time and money in the long run.

 Hey John! Was any of your experience on file? That would make it much easier. There are a few who can do without them. 

Yes, that makes sense! 

If the flip takes longer than a year, it's still considered a flip by the IRS, not a rental property, so the length of time doesn’t change the tax treatment. Just keep thorough records of your expenses—materials, labor, permits, etc.—and work with an accountant to make sure everything is properly documented.

As long as your primary goal is to sell the property after renovating, your profits won’t be taxed like long-term rental income. But getting professional advice will help you navigate any specifics.