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Flipping a house is the fastest way to go broke
 â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ â€Œ
Flipping a house is the fastest way to go broke as a real estate investor—unless you follow this one rule.

Having flipped around 200 houses, I can tell you that the most critical factor you can’t change after purchase is the price you paid for the property.

To make sure you have enough margin to cover any mistakes or changes and still make a profit:

  • Know Your ARV
  • Accurate Repair Estimates
  • Buy at the Right Price

Get it at the right price, and you’ll have the margin to cover mistakes and still make a solid profit.

Buy smart. Flip smart.
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MARKET OBSERVATIONS
  • Texas led the nation in population growth last year, adding 562k new residents
  • December jobs report 🔼 with 256k jobs added
  • Existing home sales: 🔼 4.8% MOM and 🔼 6.1% YOY
  • Home sales prices: 🔼 4.7% YOY to $406,100
  • Home inventory: 🔼 8.6% YOY to 3.8 months
  • Average 30-year fixed mortgage: 🔼 6.93%

     
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      Build your legacy!

      Chris Bounds
        Invested Agents
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        General Disclaimer: This newsletter is for educational purposes only and not tax, legal, or financial advice. Please check with a tax, legal, or finance professional for advice about your unique situation. Your specific circumstances may, and likely will, vary.  

        This is not an offer, solicitation of an offer, to buy or sell securities. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges and expenses, and should consult with a tax or legal adviser before making any investment decision. This email summary is for informational purposes and to gauge potential investor interest. Prior to making any decision to contribute capital, all investors must review and execute all private offering documents, including the Private Placement Memorandum and its exhibits, which contains the complete information about this investment opportunity. The information contained herein is from sources believed to be reliable, however no representation by Sponsors, either expressed or implied, is made as to the accuracy of any information on this property and all investors should conduct their own research to determine the accuracy of any statements made. For additional information visit www.investedequity.com.

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