OVER BUDGET Disaster on House Flip 5! Can We Recover?

In this video, we take you inside our latest house flipping disaster-Flip #5 has gone over budget, and we’re facing some major challenges! Watch as we dive into the mistakes made, unexpected costs, and what it means for our house flipping business.
Whether you're just starting out in house flipping for beginners or you're an experienced flipper, there are key lessons to learn about managing a renovation budget and keeping an eye on your investment properties. Can we turn this around and still make a profit?
Stick around to find out our strategy for recovery and how you can avoid going over budget in your next home flipping project.
If you want to see our list of recommended Hard Money lenders and contractors then submit the form below!
👉 Ground UP Application - form.jotform.c...
🚨 Free Hard Money Calculator - l.linklyhq.com...
🚨 Greatest Property Comping Tool EVER - propelio.com#_r_jackson2

[@RobRobz]

Best channel to get information on how flipping is done ✅

[@jamescryderman2873]

Great content! How do I come up with the line item worksheet you have used in the past?

[@joejohn5398]

I would have to physically see those replaced rafters without paint. I heard your partner earlier in this video state that the contractor was going to paint over them to hide the evidence of burnt rafters.

[@zambiaskimiller4802]

great update 👍🏽

[@Middleguy37]

Lawn guy getting into house flipping. Everyone thinks they can be a house flipper now a days.

[@brianfeeney9739]

They can.

[@morganruest1803]

I am the contractor i buy foreclosures penny's on the dollar

[@anthonydooley3616]

If you can't sell it for a good enough profit, hold it for a few years to get some of your money back, then sell it as appreciation dictates. This will also lower your taxes a bit because as a rental, you can expense these repairs and your capitol gains tax will be 15% instead of 20%. Just my two cents.

[@realestatemindset]

Hard money Joe had the contractors?

[@sean_merrill]

Hey Jackson, Do you need help on any of these projects, labor wise? I'd like to chat if so

[@MaseratiSen713]

I just completed all videos from 1 to this one! I have capital & and everything I need to get the ball rolling! I’m also located in Houston so for the next few weeks I’ll be looking for deals and doing comps until I find a deal that’s fits what I’m looking for. Hard Money Joe be looking out for my email buddy 😆

[@MaseratiSen713]

And most importantly interviewing contractors*

[@AberrantArt]

Jackson, i went through the whole thing and didnt hear you talk about how much over budget you went or any details. Did i miss it?

[@verderriscursey]

lifetime or lifestyles contractors?

[@MrJoeycooksey]

Lifestyles

[@verderriscursey]

@@MrJoeycooksey that's wassup, good network of people over there.

[@justinb1606]

Styles

[@CarlosSanchez-mj4rg]

@@MrJoeycooksey any chance you can share a link to the correct website for them?

[@ATOGMILSIM]

yard guy is a goof

[@justinb1606]

They bleach the roof.

[@ikburd]

First!