How I LOST $50k! | 7 House Flipping Mistakes YOU Don't Want To Make!

Here are the 7 BIGGEST house flipping mistakes investors make and how you can avoid them effectively! Whether you're a beginner or a seasoned flipper, understanding the biggest house-flipping mistakes can save you time, money, and frustration.

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This guide includes essential tips and a checklist to help you hire the best professionals and keep your renovation on track!

In this video, Stan Gendlin (Pro Fix & Flipper) of Real Estate Skills covers these mistakes and more:

🛠️ Underestimating Repair Costs: How to accurately budget for repairs.

🏢 Over-Renovating: Learn when to stop upgrading and avoid wasting money on unnecessary improvements.

🔎 Ignoring Market Research: Tips on analyzing neighborhoods to ensure your flip will sell quickly and profitably.

📉 Misjudging the ARV (After Repair Value): Techniques to accurately estimate the resale value of your property.

👷 Hiring the Wrong Contractors: How to find reliable contractors and manage them effectively.

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✅ Use our FREE ARV Calculator!

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TIMESTAMPS

0:00 - Introduction

0:40 - MISTAKE 1: Underestimating Rehab Costs

2:40 - MISTAKE 2: Not Factoring In Money Costs

4:13 - MISTAKE 3: Underestimating Your Timeline

5:57 - MISTAKE 4: Overestimating The ARV

7:53 - MISTAKE 5: Overdoing The Rehab

9:41 - MISTAKE 6: Hiring The Wrong Contractor

10:51 - How I LOST $50,000!

12:16 - MISTAKE 7: Closing On The First Deal That Falls Into Your Lap

13:51 - Conclusion

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📝 Disclaimer:

This video is not personalized financial or legal advice for the viewer.