The biggest mistake I see people make when flipping houses is that they allow emotion to hinder their decisions 😱
They get too eager for a deal & they pay too much for the property 😞
They get too invested in the Renovation & they over spend & blow their budget. 💰
Take the emotion out of your decisions, be prepared to walk away from a deal 🤝 & remember you’re not moving into the property. 🏠
Here's how you could implement BRRRR if you wanted a faster strategy to accumulate property than the traditional Buy, Hold & wait for growth strategy.
Read MoreI said to my wife "He's so fearless, toddlers just climb without thinking of the consequences of falling & hurting themselves" Imagine if we took that same 'no fear' mindset...
Read MoreThe renovation timeframe will vary, could be a four-week renovation or it could be an eight-week renovation. For me, it's typically anywhere between four and six weeks for a renovation.
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