Hindsight Insights

I recently reflected on a close-call with a fix-and-flip project in Louisville. The purchase price was $120,000, with a rehab scope of $30,000 and holding costs of $10,000. We projected an ARV of $180,000, but ended up selling for $170,000. The mistake was underestimating rehab costs, which actually reached $40,000. The lesson learned is to conduct thorough property analysis, including multilpe inspections, to avoid costly surprises. This experience has informed my approach to BRRRR method investments, emphasizing the importance of careful planning and local market research.