Real Estate Investing Training Video - What NOT to Do on a Fix and Flip

http://www.localmentor.com real estate investing training video on what not to do on a fix and flip. Sometime saving money and cutting corners don't actually save you money. I often say, the cheapest "contractor" (fill in the blank with anything there) is NEVER the cheapest contractor. For more great money making real estate investing training check out http://localmentor.com

Category:

Education

Tags:

• real estate investing
• michael jake
• localmentor
• fix and flip
• fix & flip
• flipping homes
• flipping houses
• flipping real estate
• real estate investor

[mail22]

There's only 1 reason something doesn't sell. PRICE.

[localmentor]

@mail22 - if you mean adjusting the price will always get the house sold, you are in 99.9% of time correct. As a fix and flipper though, the goal is to make a profit. Lowing the price can nearly always get it sold, but the GOAL is to make a profit. The point of the video is that sometimes cutting corners and not fixing the house to meet or exceed the expectations of the market can and often does COST MORE than the savings of cutting those costs.

[localmentor]

@localmentor -...and if you do the job right you should get the price anticipated when you analyzed the property to purchase it in the first place.

[BuySellRentInvest]

Really good post. Was this a house you were looking at to maybe buy? Just wondering.

[localmentor]

@BuySellRentInvest - No, someone I know did the rehab and wanted some advice on why it wasn't selling.

[mail22]

@localmentor If you do the job right, you should get FMV. If you don't, the flipper who will buy your property will buy it at any condition (given the right price), fix the mistakes, and re-sell it. I do agree that cutting corners cost you more than the cost of actual repairs.

[BuySellRentInvest]

Thanks for sharing that with me. I've done before and after videos that people like, but I really like yours going into the details deeper. The best to you and your business.

[BrutusEmpire]

nice video!! 100% correct!!!