Why Your Flip Flopped

And What To Do About It

From Roger Blankenship, founder of Flipping America, author of the best seller, "Flipping Houses in Ten Days," and the guy who has done over 1700 full rehab flips.

"I consult with people who have tried to get into the house-flipping game only to spend enormous amounts of money and time on their training and still end up losing money. Over the years and from hundreds of these conversations, I've boiled it down to four reasons their flips flop.

  1. They paid too much. This is the most common reason.

  2. Repairs cost much more than expected. This happens almost as often as number 1, and many times both happen.

  3. They didn't consider holding costs. Taxes, insurance, and interest payments on loans are real things and often ignored.

  4. They sold for less than they expected."

Click here and read more about that to do about each of these things. If you want to flip houses, this is a must read, but it's too much for our 2-3 minute newsletter.

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