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Tag Archives: Flipping Houses

9 Mistakes I’ve Made Flipping Houses

  The following is a guest post from Brandon Turner at Biggerpockets.com. If you would like to submit a guest post, please contact me. I want to make a confession. I’ve made some pretty big mistakes in my life. But who hasn’t? However, it’s learning from those mistakes and helping others avoid them that makes those mistakes worth making. So consider this post my atonement! You see, I’ve flipped about a dozen homes over the past few years – some with success and some with … well… a lot of “education”. It’s not that I lost any money, but some of the small profits I made early on were not worth the headache or the time spent. I know this is the case with many house flippers, so in an effort to help those looking to get into this (potentially lucrative, but often risky) field, I’ve compiled a list of my top ten mistakes I’ve made when flipping houses. 1.) Doing all the Work Myself The first several flips were remodeled nearly 100% by myself and my wife, during the weekends and evenings. We painted, we cleaned, we carpeted, we installed, we wept. It was a long flip, and while ...

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