Flip or Fold: Top 5 Rules to Keep in Mind when Beginning a House Flipping Project
4. Time is Money
Once you have your timeline, it’s very important to track your progress and stick to the plan. It can be easy to get caught up in the project and spend too much of your time on one thing, but by settling on a purchase price and putting your money into the property, you have set the parameters for how much money you can make as I said in number 1. The only factor you can control is how much time you spend on the repairs. Log your hours and decide what is worth your Time (a.k.a. money) so that you can improve on your next project.