House Flipping Gone Bad Again! We Thought We Had It All Figured Out From Our Last Flip, Not Quite!

By on February 16, 2016

I have been investing in real estate for a few years on a part time basis. My wife joined me in the investing world at the beginning of 2007 and we have flipped 4 houses this year. Our goal was 7 but we fell a bit short due to a variety of problems. In 2008 we WILL flip at least 12 houses!

The Homedale house was supposed to be a slam dunk, in and out in about 3 weeks. Our start date was delayed because our other project ran over by a few weeks so we started out on the wrong foot! We also had a new contractor named Dan that we had very high hopes for. He did a very nice job on our previous product so we expected great things from him! Read on..

When we start a project we do two things first: put up a for sale sign and start working on the outside to draw attention to the house. Homedale was a big ranch that needed a lot of work on the outside. It needed new siding, a new rail built across the front porch, new lights, new paint on the shutters and doors, and

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