House flipping mistakes. Even if you’re not a house flipper, you’ve probably made them. Real estate investors alike can all come together to let out a collective groan when we talk about project management hiccups, renovations going over budget, or keeping a bad team member on for far too long. In the best case, you can walk away from these bad situations unscathed, but in the worst cases, you’ll be out tens of thousands of dollars (if not more).
Even the best investors can make some of these so-called “rookie mistakes.” And here to put himself on blast is expert flipper, BRRRRer, and buy-and-hold convert, Tarl Yarber. When Tarl’s head hits the pillow at night, the only thing haunting his dreams are these three house-flipping mistakes he’s made. These combined mistakes have cost him hundreds of thousands, and countless hours on top of that.
Even if you haven’t bought your first rental property, done your first flip, or wholesaled your first house, these mistakes should be avoided at all costs. Take it from Tarl, no matter how well you know your stuff, there are always errors to be made if you put your ego in the driver's seat.
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Check out Last Week’s Episode on Buying BRRRR Deals:
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Stop Guessing—Use the BiggerPockets Flip Calculator on Your Next Fix and Flip:
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Do You Make These 7 Deadly House Flipping Mistakes?
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5 Vital Tips for Flipping Success:
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10 Lethal Mistakes to Avoid on Your First Real Estate Investment:
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Connect with Tarl on BiggerPockets:
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Follow Tarl on Instagram:
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00:00 3 Biggest Investing Mistakes
01:42 1. Short-Term Thinking
02:55 Giving Up on $800K
07:22 2. Emotional Decision Making
08:34 n Ego-Fueled $86K Loss
13:45 3. Hiring Fast and Firing Slow
16:17 The Screaming Match Project Manager
19:48 Who's to Blame?
#biggerpockets #tarlyarber
