House Flipping Mistakes | How I LOST $50k By Making One!

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.
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.
📚 Download our FREE PDF resource, "Fix & Flip Contractors," to find the right contractors for your next project: www.realestateskills.com/cont...
This guide includes essential tips and a checklist to help you hire the best professionals and keep your renovation on track!
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✅ Use our FREE ARV Calculator!
Effectively analyze the After-Repair-Value on your potential properties with this completely FREE tool!
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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.

[@RealEstateSkills]

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[@roxannebellille5553]

This was a very helpful video! I have not flipped a house yet so this is very valuable! Thank you!

[@RealEstateSkills]

We love to hear that people are learning from the content, @roxannebellille5553! We can't wait to hear how your first flip goes.
Are you planning on doing a fix and flip soon?
Cheers!