Red Flag Flips: Signs That You May Need to Skip a Flip (Part 2)

By |2020-05-09T09:09:47-04:00April 22nd, 2020|Categories: Hard Money|Tags: , , |0 Comments

Don’t let the profit potential of a flip cloud your better judgement. A property that appears to be a financial homerun could wind up being a money pit if you’re not careful. Beware of these red flags that may mean you need to skip a flip. A Substantial Price Drop The house you’re currently considering was initially a little overpriced, and for that reason you passed it up. A modest price drop of a few thousand dollars helped renew your interest. No red flags there. But when the price of a property is severely discounted, for instance by the tens