Flip or Fold: Top 5 Rules to Keep in Mind when Beginning a House Flipping Project
2. Ask “Why?”
As I said in number 1, when buying an investment property you are always looking for a good price. The trick is to know why the price is what it is. You came into the investment knowing you’d have to make repairs, so be very sure to know exactly what those repairs are. One unexpected repair or replacement can significantly affect your potential to make any money and can end up folding the entire project.
Here is a house my wife, Nadine and I did about 10 years ago. I think this is still one of my favorite filps ever!