When you’re flipping a house, time is money. And you don’t have time to make a lot of rookie mistakes.
That’s what Steve Cederquist learned when he first began renovating and flipping properties in 1994.
“I bought a house with a bad foundation and lost $30,000 on the deal,” says Cederquist, a general contractor who’s now a veteran house flipper and president of Cornerstone Property Services in Huntington Beach, CA. “I didn’t think I’d have to do much to a 1,200-square-foot house. But it cost me a ton of money.”
No house flipper is born wise. So we talked to several pros who outlined mistakes newbie flippers often make. Avoid these pitfalls to ensure your profits come out on top.
Read the article here: 6 Expensive Errors